SARASOTA, Fla.--(BUSINESS WIRE)--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.
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