OBJ Enterprises, Inc. OBJE announces the inflow of $150,000 of capital, the formation of a joint venture and a proposed merger with a rapidly expanding company on the cutting edge of game development through an innovative publishing platform.
"OBJE has secured $150,000 in funding, which will be contributed to current operations and a new joint venture, named ‘My Go Games, LLC,' that will provide the platform for the future of the Company,” said OBJE CEO, Paul Watson. “What's more, this new venture enables massive acceleration of various strategic initiatives underway at OBJE for some time through access to new infrastructure and resources and a partnership with a veteran game industry company."
My Go Games, LLC – mygogames.com – will focus on partnering with title sponsors to create a franchise of games utilizing product placement, micro-transactions, and leveraging a range of online, social and mobile media delivery platforms. The initial gaming genre targeted by My Go Games will be the outdoor enthusiast marketplace, which includes hunting, fishing, skiing and surfing, among others.
Upon OBJE and its joint venture partner successfully completing certain milestones, which include demonstrating a launch-ready Android game, securing game imbedded brand sponsors and product placements, and raising approximately $1 million in additional funding for game development and operations, OBJE will finalize a definitive merger agreement to be brought before the shareholders of the Company, to consolidate the joint venture and the company's joint venture partner into OBJE.
Through its gaming division, Obscene Interactive, OBJE is working to deliver innovative and engaging gaming products for the Apple App Store and Google Play markets alongside companies such as Glu Mobile Inc. GLUU and King Digital Entertainment plc KING.
About Obscene Interactive
Obscene Interactive, a subsidiary of OBJ Enterprises, Inc. (OBJE), is an
emerging global developer of mobile applications for smart phones and
tablet computers. OBJE is building a portfolio of popular gaming titles
crafted to appeal to a broad audience of consumers all over the world,
supporting multiple mobile platforms for maximum marketing value.
Obscene Interactive is focused on delivering the best in social gaming
solutions to a mass market in order to capitalize on the rapid expansion
of the mobile app marketplace.
For investment information and
performance data, please visit www.ObsceneInteractive.com/investors.
My Go Games, LLC
My Go Games, LLC (“GO”) is a global, on-line, ethical action game
developer for outdoor enthusiasts. The company is led by an industry
veteran, Danny Hammett, who sold his first gaming company to Activision
in 1997 and is known for a range of popular outdoor titles, such as
Cabela's Big Game Hunter. GO takes a proven outdoor action formula -
recognized branding combined with fast paced
hunting/fishing/riding/boating/camping, and outdoor enthusiast
activities with a low barrier to entry - and puts it in a graphically
rich MMO world specifically crafted for the over 500 million hunting,
fishing, and outdoor enthusiasts, globally.
For more information
visit: http://www.mygogames.com
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.
IRTrend
Investor Relations
Andy Cambridge, 407-715-4437
Tom
Garber, 917-464-5715
www.irtrend.com
ir@irtrend.com
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