|By Business Wire||
|January 23, 2014 05:01 AM EST||
Obscene Interactive, the gaming division of OBJ Enterprises (OTCBB: OBJE), announced today that it is wrapping its due diligence and finalizing licensing terms with Corv Studios, the developer of Pac-Ball.
Pac-Ball is a pulse-pounding mobile app that combines classic arcade action with the manic fun of ball labyrinths using the accelerometers found in smartphones and tablets. The game has racked up more than 1.5 million downloads for Google (NASDAQ: GOOG) Android devices since its release, and OBJE is developing new marketing and optimization strategies to maximize the title’s revenues moving forward and eventually make available on Apple’s (NASDAQ: AAPL) App Store.
The company expects to sign a new licensing agreement with Corv Studios before the month’s end.
“We see Pac-Ball as only the beginning of this relationship,” said OBJE CEO Paul Watson. “We want Corv Studios to be the first of many new development partners to create original games for release under our Novalon Games imprint. Corv has an impressive suite of games already, and the stuff they’re working on now could potentially change the industry.”
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 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.
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