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Play this carefully. I don't like the words "unspecified times and prices". But looks like its getting volume and could be a multi-day runner if they follow-up on the PR.
Signature Leisure Announces Immediate Stock Buy-Back Program
Signature Leisure, Inc. (OTCBB:SGLS) announced today that the company is immediately instituting a stock buy-back program.
Stephen Carnes, CEO of Signature Leisure, stated, “Signature’s management believes that the company’s present stock price is under appreciated by the markets. As such, Signature is immediately instituting a stock buy-back program. The company will buy-back stock at unspecified times and prices as determined by management.”
About Signature Leisure, Inc. (OTC BB: SGLS) – Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company’s website at http://www.signatureleisure.com
-------------------- JMHO. Do your DD. GLTA.
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Signature Leisure, Inc. (OTCBB: SGLS) announced today that the company’s Annual Meeting of Shareholders was held on Thursday, August 23, 2007.
At the meeting, shareholders voted and approved Weaver & Martin, LLC as the company’s Independent Public Accountant. Additionally, shareholders elected Stephen W. Carnes to serve as director of the company’s Board of Directors.
Stephen W. Carnes, President of Signature Leisure, Inc., stated, “Attending the meeting, the company had more shareholders attend yesterday’s Annual Meeting of Shareholders than any other previous meeting, I was very pleased with the number of shareholders that turned out for the meeting. The enthusiasm of the shareholders in attendance was great and everyone seemed in high spirits. After the meeting, shareholders expressed excitement about the company’s recent business successes. Many shareholders expressed excitement for the company’s future potential in both the near term and the long term.
“I truly believe that shareholders will continue to show enthusiasm with where we are growing the company in both terms of revenues and business expansion. After the meeting, shareholders asked questions to inquire about the company’s new Investor Relations and Business Consulting division that was launched in January of this year. Shareholders were excited to discuss the business model that has contributed to the company’s increase in revenues during 2007. Year to date, for the six months ended June 30, 2007, Signature’s revenues were $715,000 compared to $10,575 for the same six months in 2006,” stated Carnes.
Carnes further stated, “After the meeting in an informal round table setting, shareholders discussed the potential for the company to begin a stock buy-back program with a portion of the company’s revenues. I appreciate shareholder’s comments and suggestions regarding a stock buy-back program and I will be giving our discussion serious consideration.”
About Signature Leisure, Inc. (OTCBB: SGLS) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
-------------------- JMHO. Do your DD. GLTA.
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O/S from the latest 10Q : The number of shares outstanding of each of the issuer's classes of common equity as of June 30, 2007: 234,477,965 shares of common stock
Previous 10Q : The number of shares outstanding of each of the issuer's classes of common equity as of March 31, 2007: 231,277,271 shares of common stock
Not much dilution between the 10Qs You never know though
-------------------- JMHO. Do your DD. GLTA.
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Holy smokes! The company filed on their last quarterly a $500,000 net profit. That's crazy for a stock trading in the .02s with only a 232,000 mill O/S I will be watching this one closely. No position as of yet.
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Signature Announces Negotiations for a Reverse Merger Deal for Revenge Designs Monday August 27, 8:30 am ET
CASSELBERRY, Fla. & CHAMPLIN, Minn.--(BUSINESS WIRE)--Signature Leisure, Inc. (OTCBB: SGLS - News) announced today that the company has recently opened negotiations to reverse merge Revenge Designs into a U.S. based OTC equities exchange listed shell company.
Signature previously announced that the management team at Revenge Designs had the desire to obtain a listing as a public company on a U.S. based OTC equities exchange and that Signature would provide consulting services to guide Revenge's management team through the process.
Stephen Carnes, CEO of Signature Leisure, stated, "I believe that a reverse merger transaction for Revenge would expedite the process in getting Revenge listed on an equities exchange. I believe there will be many benefits to Signature's shareholders in expediting the process of Revenge becoming a listed publicly traded company and a reverse merger transaction is currently being negotiated. I look forward to keeping shareholders updated on advancements to today's announcement."
"The management teams at both Signature and Revenge are working diligently to make this deal move forward. I personally look forward to making this transaction work towards completion. I believe that Revenge will be a company of great interest as a publicly traded entity and I look forward to them achieving a listing on an equities exchange at the earliest date possible." Carnes stated.
Carnes further stated, "On another note, I appreciate the shareholders that have called to personally thank me for the dividend stock distribution that Signature recently made of Imagexpres shares. While I cannot provide specific assurances, details or predictions, it is my personal goal to provide dividend distributions to Signature's shareholders from other transactions in the future and I will keep shareholders updated when such opportunities arise."
Signature Leisure, Inc. acquired a twenty-five percent (25%) ownership stake in Revenge Designs LLC in July 2006. http://www.revengedesignsllc.com
About Signature Leisure, Inc. (OTCBB: SGLS - News) - Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to consummate and complete an acquisition or merger, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact:
Signature Leisure, Inc. Stephen W. Carnes, 407-599-2886 info*signatureleisure.com
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Signature Leisure Reduction of Shares Outstanding
Wednesday February 4, 11:01 am ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (Pink Sheets:SGLS - News) announced today that the company is in the process of reducing the company’s common shares outstanding by 120,000,000 shares.
Stephen W. Carnes, President of Signature Leisure, Inc., stated, “As CEO of the Company, I decided to step up to the plate and assist in the overall reduction of shares outstanding for the Company. I am returning 120 million shares of common stock that I personally own to the transfer agent for immediate retirement. Any reduction in the number of common shares outstanding will directly affect and reduce the Company’s overall market cap, which in my view point can have many positive affects for the Company.”
Signature Leisure, Inc. presently has 395,477,965 shares of common stock issued and outstanding. After the 120,000,000 shares are retired and returned to treasury, the outstanding share count will be reduced to 275,477,965 shares of common stock. The shares are being expedited to the transfer agent for retirement at which time the shares outstanding on record will be reduced accordingly.
Carnes further stated, “This recalculation of market cap will have the potential to have a very positive impact for the company. In many instances, companies with lower market caps are perceived to possess additional growth potential. This retirement of shares will directly impact and reduce the company’s current market cap, thereby providing additional room for overall growth in perceived market value.”
“I would like to be very clear that today’s announcement of the retirement of 120,000,000 shares has no relationship to the previously announced Company stock buy-back. I don’t wish create any confusion regarding these two separate matters. Signature will continue to pursue the Company’s stock buy back program as previously detailed.”
“We have a lot of exciting things going on with the company and I look forward to keeping shareholders updated on the continued progress of the company. The current complex economic business environment provides exciting opportunities for Signature to assist other businesses in need of our services. I encourage shareholder participation and I welcome shareholders to call me any time. Even with an extremely busy work schedule, I will always do my best to take the time to visit with our valued shareholders,” stated Carnes.
About Signature Leisure, Inc. (Pink Sheets: SGLS - News) -- Signature Leisure, Inc. is a publicly traded company trading on the Pink Sheets under the symbol SGLS.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the company.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact:
Signature Leisure, Inc. Stephen W. Carnes, 407-599-2886
Source: Signature Leisure, Inc.
-------------------- Let's Go METS!!!
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Recent news. Might want to keep an eye out on this one.
Signature Leisure Letter to Shareholders Wednesday January 28, 3:26 pm ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (Pink Sheets:SGLS - News) releases an open letter to shareholders:
ADVERTISEMENT Dear fellow shareholders,
Signature Leisure, Inc. finished the previous year on a positive note with $312,000 in revenues for the month of December 2008. The company has jump-started the new year having booked $225,000 in revenues thus far in January 2009.
The company has 500,000,000 shares authorized with a total of 395,477,965 issued and outstanding. The company has not raised any outside capital since September of 2006. The company even withdrew a registration statement in April 2007 that could have been used to raise capital; however, it was decided that rather than dilute shareholders for the cost of capital, we would rather cancel the registration statement, and that, my fellow shareholders, is exactly what we did.
As many of you know already, the company recently filed paperwork on a voluntary basis to become a non-reporting company, which subsequently moved the company’s listing from the OTC BB to that of the Pink Sheets. The time and costs associated with being a fully reporting company have become an undue burden on many public companies. A management decision was made to save over $100,000 per year by becoming a non-reporting company, in addition to the time it saves staff and management.
The company is gearing up to become very aggressive in the area of acquisitions and business management consulting for 2009, as can be seen from the revenue results of December 2008 and January 2009 listed above.
Today’s economic environment has created a large number of business opportunities for business consulting specialists. I intend to lead our company very aggressively to take advantage of every opportunity. We will be looking to make acquisitions and investments on terms that are very advantageous to our company. At present, we are reviewing a number of acquisition opportunities that are being presented to us for consideration.
I believe the record of Signature Leisure over the past several years has conveyed a very clear message. For client companies that are in dire need of capital (i.e. money), it is their choice and their choice alone to dilute their companies in order to raise cash to operate their businesses, in addition to paying our fees. However, for Signature Leisure, we have operated since September 2006 without any capital raising activities that would dilute our own shareholders. I will let our record stand on its own merit and I am firm in my commitments and resolutions.
Kind regards, Stephen W. Carnes President Signature Leisure, Inc.
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They announced the share reduction on Feb 4th. The next day they retire the shares. How many companies follow up that quick or at all for that matter?
Signature Leisure Shares Outstanding Reduced Thursday February 5, 2:59 pm ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (Pink Sheets:SGLS - News) announced today that the company now has 275,477,965 shares of common stock issued and outstanding.
ADVERTISEMENT Signature has completed the previously announced reduction of the company’s common shares outstanding by 120,000,000 shares. As of February 5, 2009, Signature Leisure, Inc. has 275,477,965 shares of common stock issued and outstanding due to the retirement of 120 million shares of common stock.
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Signature Leisure Schedules Investor Conference Call Friday February 6, 2:42 pm ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (Pink Sheets:SGLS - News) announced today that the Company is scheduling an investor conference call for Tuesday, February 10, 2008.
ADVERTISEMENT Signature will host an investor conference call at 10:30am (Eastern Time) on Tuesday, February 10, 2008. Investors will have the opportunity to speak with Stephen W. Carnes, President of Signature Leisure, Inc., during the open forum question and answer session.
Investors can dial into the conference call at 10:30am Eastern on February 10, 2008 by calling 1-866-212-0875 (or 978-964-0049) and using participant access code 153339#.
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Signature Aquires Stake in a Waste Management Company Monday February 9, 2:44 pm ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (Pink Sheets:SGLS - News) announced today that the Company recently has acquired an investment stake in a waste management company.
ADVERTISEMENT The waste management company has technologies and equipment for the safe disposal of solid and hazardous waste materials. The goal is to handle waste in a more environmentally friendly manner than is now the case in most waste systems. Designed to reduce airborne pollutants, the systems are designed to produce electricity and clean water during the waste reduction process.
Stephen W. Carnes, President of Signature Leisure, Inc., stated, “After careful review, I liked what I saw going on with the waste management company and I believed that the investment could provide a nice return for the Signature in a short to moderate timeframe. My main goal is to continue to build a variety of increasing revenue streams for Signature as well as build assets within the company. We will continue to seek out additional opportunities that we believe possess significant opportunities for both revenue and asset appreciation.”
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Signature Retains Web-Design Firm and Comments on Continued Expansion Tuesday February 10, 8:45 am ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (PINK SHEETS: SGLS - News) announced today that it has recently retained a web-design firm to create a new website for the Company.
ADVERTISEMENT Stephen W. Carnes, President of Signature Leisure, Inc., stated, "Signature’s previous website had become outdated and now is absolutely the appropriate time to get a new, upscale website launched as our business continues to rapidly expand. The design firm has provided us an estimated completion date of within the next two weeks, so we look forward to the upcoming launch.
"The website will enhance and better define the services that Signature provides to both private and public companies as more and more businesses seek out our assistance in today’s challenging economic climate.
"The timing for Signature’s continued growth and expansion couldn’t be better as our recognition in the business marketplace continues to grow. Just this past week the company was approached to discuss providing specialized services to companies listed on European Exchanges. Additionally, we are evaluating a due diligence package on an opportunity recently presented to participate in a project for a company seeking a listing on the Toronto TSX.
"The Company’s target for growth is to be producing gross revenues in excess of $1 million per month by the fourth quarter of this year in addition to continued expansion of the assets on our balance sheet. Our present revenue streams and the opportunities that are at our doorstep place these targeted goals well within reach."
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Cost was prohibitive and not necessary…cost approximately $120K per year…and wasn’t necessary at this juncture…
They have no need to raise money at this point and therefore no need for dilution…
Current float… 140 million
They follow a similar business model to Yorkville advisors…which is a private company controlling approximately 1 billion in funds…
They are still buying shares back on the open market…as recently as today…considered to beneficial to all shareholders and the company….
Have not a had a need to raise money since 2006
At one point…over a 4 month span the pps went from .02 to .35…they believe they can reach the .15 plus area gain…and will not put up roadblocks to stop us…
They feel the stock is would up like a spring and ready to pop any time…
No current dividends are scheduled…but, not ruled out for the future…
They expect to make 30 to 50% on the Waste Management company investment…this quarter…
Currently working with and or pursuing…international deal in Europe and or Canada …more info to follow…
New website will be up in about 2 weeks…to give public updates on developments and upcoming news…
Currently have 4 fulltime people on staff not including Mr. Carnes…
1 Attorney 1 Legal assistant 2 Administrative asst. to Mr. Carnes
They also have a pool of shared staff
They also have commissioned staff looking for potential deals…
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You never know though 
