SARASOTA, Fla.--(BUSINESS WIRE)--New marketing data released Monday by PQ Media suggests that Obscene Jeans Corp. (OTCBB:OBJE) picked the perfect time to enter the social media solutions industry. According to the report, total U.S. mobile and social media revenue shot up 30.2 percent to $45.38 billion last year.
Social networks was the largest and fastest-growing segment of mobile and social media in 2011, growing 45.9 percent to $2.28 billion in revenues. Online social media also enjoyed strong growth, up 42.1 percent to $2.83 billion in revenues, according to the report.
As the market for new social media solutions continues to grow rapidly in the U.S. and worldwide, OBJE is working to develop and commercialize powerful new platforms that enable clients to leverage social networks to build brand awareness, raise capital and promote new products. Currently, the company is in talks with developers in Texas regarding a possible acquisition or joint venture to help further this forward-looking social media initiative.
One key driver of social media’s continued growth will be the global transition to mobile technology. The mobile media sector reached the $1 billion revenue mark faster than any communications industry in history, taking only five years. The Internet took 16 years to reach $1 billion. PQ Media predicts that strong growth in mobile device penetration, the transition to smartphones and tablets and a continuing increase in the time that consumers and businesses spend with mobile media will spur incredible growth in social networking in the coming years.
OBJE plans to capitalize on this trend by producing social media platforms that could revolutionize the way businesses market themselves and their products.
For more information on OBJE’s social media initiative, please visit www.obsceneinteractive.com/investors.
Obscene Interactive is a division of Obscene Jeans Corp. that develops innovative technology tools to service the fast-growing social media and online content production sectors alongside companies such as Pandora Media Inc. (Public, NYSE: P), LinkedIn Corp. (NYSE: LNKD), Zynga, Inc. (NASDAQ: ZNGA), and Groupon, Inc. (NASDAQ: GRPN).
About Obscene Interactive
Obscene Interactive (OTCBB: OBJE.OB - News) is an emerging global developer of social media tools and 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 media solutions to the mass market. For investment information and performance data, please visit www.ObsceneInteractive.com/investors.
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