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OBJE Social Media Target A-Plus Technologies Initiates Crowdfunding Development Talks

December 19, 2011 5:00 AM EST
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SARASOTA, Fla.--(BUSINESS WIRE)-- Obscene Interactive, a wholly owned subsidiary of Obscene Jeans Corp. (OTCBB: OBJE), announced today that its latest acquisition target, A-Plus Technologies (A-Plus), has initiated talks to co-develop a new social media crowd-funding platform.

Last week, A-Plus opened talks with SoKap Community Networks Inc. (SoKap) to co-develop a platform called Traktorbeem designed to help entrepreneurs raise funds, build markets and sell products and services. SoKap’s current platform is a social utility created to accelerate big ideas in movies, music and publishing. Traktorbeem is the next generation of the technology that would capitalize on SoKap’s crowdfunding experience in the entertainment industry and expand the model into new industries.

Crowdfunding is poised to revolutionize the way companies raise capital. By combining social media with investor sentiment and market trend analysis, Obscene Interactive could help usher in a new era of online fundraising.

The U.S. House of Representatives recently passed the Entrepreneur Access to Capital Act (H.R. 2930). The bill is now under review by the Senate. If passed, the legislation could be a huge win for small business and job creation in the U.S., potentially allowing entrepreneurs to crowdsource online up to $2 million per year in investment capital directly from individuals without having to register with the SEC.

“SoKap’s crowdfunding platform offers tremendous synergy potential with the social media sentiment analytics software planned for development by Obscene Interactive and A-Plus,” said OBJE CEO Paul Watson. “A platform utilizing social networks and predictive technology could target influencers in the crowd to both raise funds, build brand awareness and sell products.”

“Obscene Interactive is moving quickly to reach definitive acquisition and licensing agreements with A-Plus and their new partners in order to take advantage of this unique opportunity,” he added.

Obscene Interactive is a wholly owned subsidiary of Obscene Jeans Corp. that develops innovative technology tools to service the fast-growing social media sector alongside companies such as Linkedin Corp. (NYSE: LNKD), Pandora Media Inc. (NYSE: P), Monster Worldwide, Inc. (NYSE: MWW) and Groupon, Inc. (NASDAQ: GRPN).

Follow OBJE on Twitter at http://www.twitter.com/ObsceneJeans.

About Obscene Jeans Corp.

Obscene Jeans Corp., through its wholly owned subsidiary, Obscene Interactive (OTCBB: OBJE), is an emerging global developer of social media tools and applications whose 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 Jeans Corp. is focused on delivering the best in social media solutions to the mass market. For investment information and performance data, please visit www.ObsceneJeans.com/Investors.

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.

Obscene InteractivePaul Watson, 941-952-5825President and CEO[email protected]

Source: Obscene Jeans Corp.



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