With its due diligence drawing to a close, Obscene Interactive, the
gaming division of Obscene Jeans Corp. (OTCBB:OBJE) announced today that
it has opened negotiations with HourBlast Games (HBG) for a new funding
agreement.
Almost a month after signing an LOI with OBJE’s current target HourBlast
Games, Obscene Interactive continues to be impressed with the
potential of its exciting new game Dueling Blades. Still in its
beta-testing phase, the game is already nearing 2,000 likes on Facebook
from around the globe. A successful Facebook launch for Dueling Blades
could lead to HBG expanding across additional platforms and delivering
more fun and innovative titles.
That’s the kind of growth potential that initially attracted OBJE. With
the viral nature of social platforms and the increase use of mobile
devices, games and applications like Dueling Blades can potentially
reach millions of users within seconds. The game’s Free-to-Play (FTP)
model, combined with micro-transactions, allows users to try the game at
no cost and then purchase additional features with a tap of the finger
or click of the mouse.
This model affords developers such as HBG the ability to scale revenue
streams with a solid publisher or strategic marketing campaign. As the
company moves forward with negotiations, OBJE will discuss a variety of
funding options with HBG to assist in the rapid expansion of its
operations.
For more information on OBJE’s mission to deliver the next generation of
socially connected video games, please visit www.obsceneinteractive.com/investors.html.
Obscene Interactive is a division of Obscene Jeans Corp. that is working
to develop innovative products to service the fast-growing social
gaming sector alongside companies such as Zynga Inc., Glu Mobile Inc.
(NASDAQ: GLUU), The9 Limited (NASDAQ: NCTY) and Majesco Entertainment
Co. (NASDAQ: COOL)
About Obscene Interactive
Obscene Interactive (OTCQB: OBJE) is an emerging global developer of
social gaming applications. OBJE's cutting-edge technology platform
enables its titles to be accessible to a broad audience of consumers all
over the world, supporting multiple platforms for universal appeal.
Obscene Interactive is focused on delivering the best in social gaming
solutions to the mass market. For investment information and performance
data, please visit www.ObsceneInteractive.com/investors.html.
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.
