Obscene Interactive, the online media and entertainment division of Obscene Jeans Corp. (OTCBB: OBJE), is wasting no time in breaking into the billion-dollar-plus online and social gaming market. OBJE has already targeted three up-and-coming gaming developers for potential acquisition.
OBJE is focused on gaming developers and animators capable of delivering a broad range of fun and educational games. These initial target companies were selected due to their unique blend of engaging and easy-to-learn features able to be delivered across any mobile device, social network or online portals.
As negotiations progress, OBJE plans to sign and announce letters of intent with the most promising of these companies in the coming days.
OBJE has turned to online and social gaming because it’s part of one of the fastest-growing and most profitable emerging industry in the world. According to Gartner’s 2011 Report, the market’s revenue is forecast to reach $28 billion by 2015, growing at a CAGR of 24 percent. Much of the revenue in this sector will be driven by online and social games, which are forecast to reach $4 billion by 2014.
These market dynamics and compelling revenue potential have reinforced OBJE’s decision to focus on delivering innovative and interactive games to a rapidly growing consumer base.
For more information on OBJE’s new gaming initiative, please visit www.obsceneinteractive.com/investors.
Obscene Interactive is a division of Obscene Jeans Corp. that is working to develop innovative products to service the fast-growing social gaming sector alongside companies such as Electronic Arts Inc. (NASDAQ: EA), Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive Software (NASDAQ: TTWO).
About Obscene Interactive
Obscene Interactive (OTCBB: OBJE) is an emerging global developer of social gaming applications. OBJE's cutting-edge technology platform enables its titles to be accessible to a broad audience of consumers all over the world, supporting multiple platforms for universal appeal. Obscene Interactive is focused on delivering the best in social gaming solutions to the mass market. For investment information and performance data, please visit www.ObsceneInteractive.com/investors.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Paul Watson, 941-952-5825
President and CEO
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