SARASOTA, Fla.--(BUSINESS WIRE)--Obscene Interactive (OTCQB: OBJE) took a major step forward in its strategy to capitalize on the rise of the $67 billion global video game industry today by signing a letter of intent to initiate detailed due diligence with HourBlast Games, LLC, an emerging social gaming developer.
HourBlast Games is the creator of Dueling Blades, a highly customizable fighting game currently undergoing beta testing. The game will be monetized following the free-to-play model, with bonus items available via micro-transactions. The company plans to officially launch this exciting new product soon, placing HourBlast at an ideal stage for OBJE’s potential involvement.
HourBlast is the first of multiple developers targeted by OBJE for possible acquisition, joint venture, partnership and other strategic business opportunities. By capturing a share of the fast-expanding virtual goods and in-app purchases market, OBJE plans to position itself as the next superstar in the gaming world.
For more information on OBJE’s new gaming initiative, please visit www.obsceneinteractive.com/investors.
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.
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