Today, OBJ Enterprises (OTCBB: OBJE) announced the Company will allocate additional funding resources to the creative team at Novalon Games, the development house founded by the joint venture of OBJE’s gaming subsidiary, Obscene Interactive, and Source Street, LLC. Initial feedback on Novalon’s debut release, Phantasmic, has been overwhelmingly positive leading the company to invest more in future developments.
Phantasmic, the first of two brand new iOS gaming apps, is scheduled for release in 2013. As anticipation builds leading up to the debut, the influx of resources will allow the company to develop more hot new games to capitalize on the boom in mobile gaming applications.
According to recent figures by the analytics firm Flurry, mobile apps for Apple (NASDAQ: AAPL) iPhone and iPad as well as Google (NASDAQ: GOOG) Android devices generated about $10 billion in revenue during 2012 — an incredible 80 percent of which came from gaming apps.
“Additional funding will allow Novalon to be proactive with additional features and new games,” said OBJE CEO Paul Watson. “The company is growing very quickly, just as we envisioned it would.”
Beta testing for Phantasmic is scheduled to begin this month.
Obscene Interactive is a division of OBJ Enterprises, Inc. that is working to develop innovative products to service the fast-growing social gaming sector alongside companies such as Glu Mobile Inc. (NASDAQ: GLUU) and Majesco Entertainment Co. (NASDAQ: COOL).
Follow OBJ Enterprise on Twitter at www.twitter.com/OBJEnterprises.
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OTCBB: 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.