OBJ Enterprises (OTCBB: OBJE) and its partners could be entering the
multi-billion-dollar digital gaming market at just the right time.
Booming tablet and smartphone sales are creating massive, worldwide
demand for fun and engaging mobile entertainment.
According to a report released late last year by industry analysts
Transparency Market Research, the global gaming market is forecast to
grow to an incredible $117.9 billion by 2015. The majority of that
growth will come from mobile gaming.
The huge growth in mobile gaming is due to the dramatic rise in
popularity of tablets and smartphones, both of which allow gamers to
play almost anywhere. Market analysts IDC predict that a total of 122.3
million new tablets were shipped last year, and U.S. mobile carrier AT&T
announced this month that it sold a record number of smartphones in the
fourth quarter of 2012.
Global investment firm Digi-Capital reported this week that
downloadable, free-to-play games could deliver 55 percent of mobile and
tablet app revenue and 93 percent of mobile and tablet app downloads by
2016. Thanks to the rise of mobile gaming, the basis of competition
across gaming market sectors continues to move towards free-to-play
business models.
OBJE is working hard to capitalize on these trends. Novalon
Games, an emerging gaming developer founded by the joint venture of
OBJE and Source Street, LLC, revealed a sneak peak of Phantasmic,
its new gaming for Apple (AAPL) devices. Potential investors and gamers
can now play the beta version of the game’s first level at www.novalongames.com/phantasmic-demo.
Phantasmic is a free-to-play game optimized for the mobile
marketplace. It’s the first of two brand new Apple (NASDAQ: AAPL) iOS
and Google (NASDAQ: GOOG) Android gaming apps scheduled for release by
Novalon in 2013.
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), The9 Limited (NASDAQ: NCTY) and Majesco
Entertainment Co. (NASDAQ: COOL).
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.