OBJE: Phantasmic Feedback Exceeds Expectations
SARASOTA, Fla.--(BUSINESS WIRE)-- Early feedback on Phantasmic has exceeded expectations, and OBJ Enterprises (OTCBB: OBJE) expects the trend to continue as its debut gaming app for Apple (NAS: APPL) devices begins beta testing in January.
Phantasmic is the first of two brand new iOS gaming apps scheduled for release in 2013 by Novalon Games, the gaming developer founded by the joint venture of Obscene Interactive and Source Street, LLC.
"It's a very addictive gaming experience," said OBJE CEO Paul Watson. "Those of us who have played Phantasmic are very eager to get it into the hands of consumers. Completing beta testing will be a solid first step."
Phantasmic and other new games will be built on the increasingly popular free-to-play model, meaning the games will be free to download and use. The Company will achieve monetization through in-app purchases of power-ups and other specialty items.
According to recent figures by the analytics firm Flurry, mobile apps for Apple iPhone and iPad as well as Google (NAS: GOOG) Android devices generated about $10 billion in revenue during 2012 — an incredible 80 percent of which came from gaming apps. Gaming apps dominate all other mobile categories, with users spending 43 percent of their app time on games.
OBJE hopes to announce its second iOS title before the end of the year. The Company is concurrently developing Wayfarers, a sophisticated social media roleplaying game, for release in 2013, too.
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. (NAS: GLUU) , The9 Limited (NAS: NCTY) and Majesco Entertainment Co. (NAS: 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.
OBJ Enterprises, Inc.
Paul Watson, 941-952-5825
President and CEO
KEYWORDS: United States North America Florida
The article OBJE: Phantasmic Feedback Exceeds Expectations originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.