This is a known fact. It lists the development staff in Japanese:

[url]http://sost.emulationzone.org/sonic_1/items/index.htm[/url]

[img:6f56962a54]http://sost.emulationzone.org/sonic_1/items/s-team.gif[/img:6f56962a54]

Submitted by: Stealth

This scene exists, but the colour of the font is black to fit with the backdrop. Thanks to Sepiroth, It reads:

Programmer Yuji Naka
Plan Hirowa Yasuhara
Design Naoto Oshima
?????? Rieko Kata
Sound Producer Sho Nakamura
Sound Program Kubota (?)