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Signature Devices, Inc. Completes Sale of Graffiti Entertainment to Azure Holding Group Inc.
Signature Devices, Inc. Completes Sale of Graffiti Entertainment to Azure Holding Group Inc..
About this update from Signature Devices Inc
[{"type":"text","content":"\n\n IRVINE, CA, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Signature Devices, Inc. (OTC PINK: SDVI) today announced that it has successfully completed the sale of  its subsidiary, Graffiti Entertainment to Azure Holding Group Inc.\n The terms of the deal were announced last week. “Both companies were motivated to quickly close the deal to allow for a smooth transition of assets and resources,” said Inas Azzam, CEO and President of Signature Devices. He went on to say, “This deal allows Signature to partner with Azure to launch an Artificial Intelligence cryptocurrency that can be used in a broad spectrum of applications including, IoT devices, Video Games, Advertising and more.” Signature Devices will hold 21% of voting rights as well as free trading shares in Azure Holding Group Inc. The Graffiti assets will enable Azure Holding Group Inc. to integrate a lucrative gaming business and advertising, leveraging blockchain technologies and Artificial Intelligence cryptocurrency monetization.  As part of the deal, Graffiti Shareholders will also receive free trading shares in exchange for their current shares. The two companies will work together to complete the share swap in the next 60-90 days. In the completed deal, each Graffiti shareholder will receive shares in Azure Holding Group Inc., a publicly traded company. The purchase agreement calls for an exchange of one Azure Holding Group Corp share for one Graffiti Entertainment share (the \"Purchase Price\"). Signature Devices (\"SDVI\") will receive shares of Azure Holding Group through its current holdings of Graffiti Shares. You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice About Innovo 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) pr...