|By Business Wire||
|January 30, 2014 04:27 AM EST||
Obscene Interactive, the gaming division of OBJ Enterprises (OTCBB: OBJE), is forging ahead with new game licensing and development deals after the latest round of encouraging data from 2013 was released earlier this month.
Market intelligence firm SuperData recently reported that the digital games market in the U.S. continued its trend of strong growth in 2013, rising 11 percent in sales from $10.6 billion a year in 2012 to $11.8 billion last year. The mobile games segment, in particular, enjoyed tremendous growth, with spending growing 28 percent from $1.9 billion in 2012 to $2.8 billion in 2013.
In December, mobile games set a new record with $317 million in monthly aggregate sales, according to SuperData.
That’s exciting news for OBJE, which is readying new gaming products for the marketplace in 2014 to capture a growing share of the industry’s phenomenal growth. In addition to developing its own titles, the company is currently in talks with game-maker Corv Studios about potentially licensing Pac-Ball, a title that has already surpassed 1.5 million downloads across the Google (NASDAQ: GOOG) Play and Amazon Apps stores. OBJE believes it has identified new ways to improve the application and optimize revenues.
The company 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.
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