OBJE: Mobile Ads Boost Revenue Growth
SARASOTA, Fla.--(BUSINESS WIRE)-- As OBJ Enterprises (OTCBB: OBJE) begins work on a new platform to help indie developers build and release fun and profitable gaming apps, mobile advertising is proving to be a crucial money maker for online communications platforms.
High-quality, relevant mobile ads allow Facebook and many other app developers to deliver their content to users at no charge. OBJE is hard at work creating new tools to allow game developers to inject the same business model into their gaming apps. Last month, the company announced plans to develop an innovative new crowdsourcing platform to help independent game makers build, publish and market the next wave of fun and exciting mobile apps for a growing market of more than 500 million gamers worldwide.
Facebook has called mobile applications the key to its future success—with embedded advertising leading the way. Mobile ad sales accounted for 30 percent of Facebook's total ad revenue in the first quarter of this year, up from essentially nothing only a year ago.
"This platform should provide comprehensive services to developers, like mobile ads, distribution, marketing and other essentials an app needs to be profitable," said OBJE CEO Paul Watson. "That way, developers can concentrate simply on creating the best, most engaging apps possible."
Obscene Interactive is a division of OBJ Enterprises, Inc. that is working to develop innovative gaming products for the Apple (NAS: AAPL) App Store and Google (NAS: GOOG) Play platforms alongside companies such as Glu Mobile (NAS: GLUU) and The Limited (NAS: NCTY) .
Follow OBJ Enterprise and Novalon Games developments at www.novalongames.com.
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (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.html.
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.
OBJ Enterprises, Inc.
Paul Watson, 941-952-5825
President and CEO
KEYWORDS: United States North America Florida
The article OBJE: Mobile Ads Boost Revenue Growth originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.