Signature Leisure Releases Interim Financial Data

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.