Penny Stock To Watch: Obscene Jeans (OBJE) Going Gaming?

Hoping to ride the wave created by Zynga (NASDAQ: ZNGA), penny stock Obscene Jeans Corp. (OTCOBJE.OB) online media and entertainment division, Obscene Interactive, announced its new directive after targeting a number of possible acquisition targets over the past few weeks: social and interactive gaming, the hottest new digital segment.

The booming digital and interactive gaming industry has received a big boost with the growth of gaming from mobile devices. OBJE’s designed their new business model to capture this explosive growth within the U.S. and hopes to quickly expand to international markets with a primary expansion focus on Asia.

With a 241% increase in the last 4 years of U.S. gamers alone, the industry analysts forecast the global social gaming market will could top $4 billion in the next 2 years. China will be responsible for most of that growth as more and more Chinese consumers have access to purchase smartphones, tablets and other devices optimized for online interactive gaming.

OBJE is currently trading at $0.085 per share having reached $0.285 back on January 18th of this year.

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