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In Photoshop CS4, you can make a copy of the original layer by pressing ctrl + J and hide the original layer. Use the rectangular marquee tool to draw around the signature, then crop it by clicking image and pressing ctrl + T. Cancel the marching ants with ctrl + T, create a new layer, and press D to make color sliders go to black. Use the paint bucket tool to fill the under layer with black. Select the background eraser tool from the left-hand toolbar to thoroughly remove the background.
