Newbie question: needsign?

Ok, I searched the old mailing list archives as best I could but didn't find a good answer. I assume that NEEDSIGN is a flag/queue of some sort where the package sits until it is signed with the repo key? What's the process from this point? Do I need to do anything else? Will my package go into -testing? Since it's the first release I don't know that would be beneficial... Thanks, Richard