OBJE Poised for Big Growth
May 23rd 2013 5:20AM
Updated May 23rd 2013 7:45AM
OBJE Poised for Big Growth
SARASOTA, Fla.--(BUSINESS WIRE)-- Obscene Interactive, the gaming division of OBJ Enterprises, Inc. (OTCBB: OBJE), finds itself well positioned to capitalize on a major shift in the gaming industry as mobile gaming app markets such as Google Play (NAS: GOOG) continue to overtake the portable console market.
At last week's Google I/O conference, Google Play (NAS: GOOG) product manager for commerce and monetization Ibrahim Elbouchikhi said the company's in-app revenues grew 700 percent in the last year. Forbes reported that Google Play and Apple's (NAS: AAPL) iOS App Store will attract three times the amount of consumer spending than all portable gaming consoles combined, including Sony PS Vita and Nintendo 3DS. Some analysts predict that number will increase to four-to-five times the amount of consumer spending shifting away from Vita and DS games combined by the end of 2013.
OBJE is poised to potentially grab investors a share of this thriving mobile gaming app market, which is expected to reach $9 billion by 2016. OBJE is currently creating exciting gaming apps, including Phantasmic, a dynamic gaming app produced in collaboration with its partner Novalon Games, and Creature Tavern, a strategy and time management video game sure to challenge the most enthusiastic gamer.
Obscene Interactive is working to deliver a wide range of innovative gaming products for the Apple (NAS: AAPL) App Store and Google Play platforms alongside companies such as Glu Mobile Inc. (NAS: GLUU) and DNA Dynamics, Inc. (OTCBB: DNAD).
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 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
KEYWORDS: United States North America Florida
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