OBJE Moves Forward With Licensing Agreement
Obscene Interactive, the gaming division of OBJ Enterprises (OTCBB: OBJE), announced today that it is moving forward with negotiations on an agreement to license the first in a suite of mobile games developed by Corv Studios.
This week, the two companies inked a new Memorandum of Understanding, the next step toward a partnering agreement with Corv to produce and publish creative new gaming apps for smartphones and tablets. If and when an agreement is reached, the partners would publish the games under OBJE's Novalon Games brand.
First, OBJE plans to discuss licensing Pac-Ball, a clever game that uses mobile devices’ accelerometer to fuse classic arcade action with the manic fun of ball labyrinths. The title was released by Corv in 2010 and has surpassed 1.5 million downloads across the Google (NASDAQ: GOOG) Play and Amazon Apps stores. OBJE believes it has identified a number of ways to improve the application and optimize revenues.
Corv Studios could soon be the first of many licensing and development partners to begin developing and releasing hot new games under the Novalon brand. OBJE is working to build a robust portfolio of engaging new content to capitalize on the explosion in gaming across the globe. The company earned its first revenues last year by releasing new games including Phantasmic, Bluff Wars and Creature Tavern.
Through its gaming division, Obscene Interactive, OBJE is working to deliver many more innovative gaming products for the Apple (NASDAQ: AAPL) App Store and Google Play market alongside companies such as Glu Mobile Inc. (NASDAQ: GLUU) and The9 Limited (NASDAQ: NCTY).
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OBJE), is an emerging global developer of mobile applications for smartphones and tablet computers. OBJE is building a portfolio of popular gaming titles crafted to appeal to a broad audience of consumers all over the world, supporting multiple mobile platforms for maximum marketing value. Obscene Interactive is focused on delivering the best in social gaming solutions to a mass market in order to capitalize on the rapid expansion of the mobile app marketplace.
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.
OBJ Enterprises, Inc.
Paul Watson, 941-952-5825
President and CEO
info@obsceneinteractive.com
Obscene Interactive, the gaming division of OBJ Enterprises (OTCBB: OBJE), announced today that it is moving forward with negotiations on an agreement to license the first in a suite of mobile games developed by Corv Studios.
This week, the two companies inked a new Memorandum of Understanding, the next step toward a partnering agreement with Corv to produce and publish creative new gaming apps for smartphones and tablets. If and when an agreement is reached, the partners would publish the games under OBJE's Novalon Games brand.
First, OBJE plans to discuss licensing Pac-Ball, a clever game that uses mobile devices’ accelerometer to fuse classic arcade action with the manic fun of ball labyrinths. The title was released by Corv in 2010 and has surpassed 1.5 million downloads across the Google (NASDAQ: GOOG) Play and Amazon Apps stores. OBJE believes it has identified a number of ways to improve the application and optimize revenues.
Corv Studios could soon be the first of many licensing and development partners to begin developing and releasing hot new games under the Novalon brand. OBJE is working to build a robust portfolio of engaging new content to capitalize on the explosion in gaming across the globe. The company earned its first revenues last year by releasing new games including Phantasmic, Bluff Wars and Creature Tavern.
Through its gaming division, Obscene Interactive, OBJE is working to deliver many more innovative gaming products for the Apple (NASDAQ: AAPL) App Store and Google Play market alongside companies such as Glu Mobile Inc. (NASDAQ: GLUU) and The9 Limited (NASDAQ: NCTY).
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OBJE), is an emerging global developer of mobile applications for smartphones and tablet computers. OBJE is building a portfolio of popular gaming titles crafted to appeal to a broad audience of consumers all over the world, supporting multiple mobile platforms for maximum marketing value. Obscene Interactive is focused on delivering the best in social gaming solutions to a mass market in order to capitalize on the rapid expansion of the mobile app marketplace.
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.
OBJ Enterprises, Inc.
Paul Watson, 941-952-5825
President and CEO
info@obsceneinteractive.com
