|By Business Wire||
|December 13, 2012 05:00 AM EST||
Novalon Games, the gaming developer founded by the joint venture of OBJ Enterprises (OTCBB: OBJE) and Source Street, LLC, will release two brand-new iOS gaming apps for the Apple (NASDAQ: AAPL) iPad and iPhone in 2013.
The news represents a major expansion of Novalon’s release strategy. The game maker is also working to develop Wayfarers, a sophisticated online roleplaying game, for release in the new year.
“Work will continue on Wayfarers, which is proceeding nicely according to the development schedule, but we wanted to share a product with gaming fans sooner, too,” said OBJE CEO Paul Watson. “That’s why Novalon will be moving into app development, which is a significant and potentially highly lucrative step for us.”
The new games will be built on the increasingly popular free-to-play model, meaning the games will be free to download and use. They will be monetized through in-app purchases of power-ups and other specialty items. Beta testing will begin on both applications before the end of the year.
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).
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.
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