IRVINE, CA, April 02, 2018 (GLOBE NEWSWIRE) -- Signature Devices, Inc. (OTC PINK: SDVI) today announced that it has successfully filed it’s annual filing on time for 2017.
Innovo Technology’s first year as a public company proved to be a great success with a revenue of $140k, 2 quarters of profitability, and the introduction of 2 new products to the market, while avoiding major shareholder dilution with any toxic rounds of financing.
The company spent the year continuing to develop it’s core platform, while rolling out the Morpheus One and Micro. Both products sold out of the initial production inventory. “Even with financial limitations, we were able to prototype and produce products that were widely accepted by our partners. Our goal for 2018 is to increase production of our existing product lines, while focusing on continued revenue growth” said Inas Azzam, CEO and President of Innovo Technology.
Most recently, Innovo announced the launch of a kickstarter campaign focused on it’s most innovative product to date, the Knoton; a highly customizable IoT device focused on school safety, personal security and blockchain-based secure transactions.
In addition to the annual filing, the company also filed it’s Reg A with the SEC on March 21st.
The full annual report is available at https://www.otcmarkets.com/stock/SDVI/disclosure
You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice
About the Offering
The Company has filed an Preliminary Offering Statement with the Securities and Exchange Commission. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified by the Securities and Exchange Commission. Any such offer may be withdrawn or revoked , without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date.
Your indication of interest involves no obligation or commitment of any kind. A copy of the most recent version of the Preliminary Offering Circular may be obtained from Signature Devices, 26060 Acero, Mission Viejo, Ca 949-682-9578. A Preliminary Offering Circular, or the Offering Statement in which such Preliminary Offering Circular was filed, may be obtained at http://www.signaturedevices.com/
[If you wish to make a non-binding indication of interest, please give us your name, address, telephone number, and/or e-mail address in the response form so we may update you.
About Innovo Technology, Inc.
Based in Irvine, California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear's AI Software, Truck IT's beacon platform with Knoton's hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices. Learn more by visiting: http://innovotech.io/about/
About Signature Devices, Inc.
Based in Sheridan, Wyoming, Signature Devices, Inc. (www.signaturedevices.com) (OTC PINK: SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
