SGLS Signature Leisure Inc New (CE)

Signature Leisure, Inc. (Pink Sheets:SGLS) 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) -- 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.

Signature Leisure (CE) (USOTC:SGLS)
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