Yesterday after the closing bell, Signature Devices announced that their subsidiary, Graffiti Entertainment, is in active negotiations with several developers to publish products for major consoles, hand-held systems and the PC.
The CEO of both Signature Devices and Graffiti Entertainment stated, “We are thrilled to be in the strategically advantageous position of being able to cherry-pick the finest titles for each hardware system out there. We have been getting fortified and are now ready to take advantage of the ever-increasing video game market, with U.S. sales of software, hardware and accessories amounting to over $12.5 billion in 2006.”
The company has successfully published 5 products in 2006 and anticipates publishing 7 more this year. The worldwide video game industry is valued at about $30 billion dollars and gives the company plenty of potential to produce large revenues.
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