|By Business Wire||
|April 16, 2014 04:27 AM EDT||
The dramatic rise of mobile games in Asia’s biggest markets is poised to fuel growth in the gaming industry for years to come, and Obscene Interactive, the gaming division of OBJ Enterprises (OTCBB: OBJE), is preparing to capitalize.
Pocket Gamer reported earlier this month that gaming investment group Digi-Capital predicts that the mobile and online segment of the industry will grow to a market value of almost $60 billion by 2017 from only $15 billion in 2011. That would be a compound annual growth rate of 24 percent.
That incredible growth is being driven by an explosion in the mobile gaming markets in China, Japan and South Korea, where consumers are shifting from PC client games to mobile.
“It’s very clear where the hottest growth is happening in our industry,” said OBJE CEO Paul Watson. “In order to capture a share of the world’s biggest growth markets in mobile gaming, games will have to be tailored to these specific Asian marketplaces.”
In order to capitalize on market growth in Asia, OBJE is working to license and develop innovative new gaming titles with a mass appeal that transcends language and culture barriers. Most recently, the company licensed the hit mobile game Pac-Ball from developer Corv Studios. The game has racked up more than 1.5 million downloads since its release, and OBJE is developing new marketing and optimization strategies to maximize the title's revenues moving forward.
Through its gaming division, Obscene Interactive, OBJE is working to deliver many more innovative gaming products for the global marketplace 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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