|By Business Wire||
|April 29, 2014 05:25 AM EDT||
The executive leadership of OBJ Enterprises (OTCBB: OBJE) met with developers and studios in Silicon Beach this month, seeking out new potential partnerships in what has become the heart of Los Angeles’ fast-growing tech industry.
Thanks in part to the proximity of Hollywood, the stretch of the city between Venice and Santa Monica is now home to about 800 startups that have, according to a report by Time magazine, attracted $1.3 billion in venture capital since 2011. Among them are social-media app companies such as Whisper and Snapchat; Google and Facebook maintain offices in the area, as well. A 2012 report from Compass ranked L.A. as the third-largest tech ecosystem in the world, behind only Silicon Valley and Tel Aviv.
OBJE’s leadership met and had discussions with game developers, mobile app studios and a major media conglomerate this month, seeking out new ideas, projects and partnerships to capitalize on Silicon Beach’s synergy with the massive U.S. entertainment industry.
As it works to build out its portfolio of gaming titles, OBJE continues to network and discuss possible partnering opportunities with up-and-coming game developers with an eye toward the future of mobile entertainment. Through its gaming division, Obscene Interactive, OBJE is working to deliver innovative and engaging gaming products for the Apple (NASDAQ: AAPL) App Store and Google (NASDAQ: GOOG) Play market alongside companies such as King Digital Entertainment plc (NYSE: KING) Glu Mobile Inc. (NASDAQ: GLUU).
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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