Signature Leisure Releases Interim Financial Data
14 March 2009 - 4:03AM
Business Wire
Signature Leisure, Inc. (Pink Sheets:SGLS) releases interim
financial data. The financial information contained in this press
release has not been audited.
�
SIGNATURE LEISURE, INC. CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS � �
For The Two Months Ended
(Unaudited) February 28, 2009 Revenues:
Consulting Income 724,703 � � Total Revenue $ 724,703 � �
Operating expenses: Subcontractor -74,900 General Expenses
-328,771 Administrative Expenses � -43,067 Total operating expenses
$ -446,738 Operating income (loss) $ 277,965 �
SIGNATURE
LEISURE, INC. CONDENSED CONSOLIDATED BALANCE SHEET �
(Unaudited) February 28, 2009 Assets:
Current assets Cash 198,755 Accounts receivable 98,609.84 Notes
receivable 100,000 Inventory � 7,848 Total current assets $ 405,213
� Equipment, less accumulated depreciation of $3280.69 � 1,720
Total assets $ 406,933
Liabilities: Current liabilities
Accounts payable Accrued liabilities-related party 17,967.26
Accrued Officer liabilities-related party 599,267 Notes payable
25,000 Note payable-related party 7,879 Accrued interest payable
related party � 10,890 Total current liabilities $ 661,003 �
About Signature Leisure, Inc. (Pink Sheets: SGLS) -- 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.
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