Penny Stock News: OBJE Signs Term Sheet with Chinese Government-Licensed Distributor for Exciting New Global …

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SARASOTA, Fla.–(BUSINESS WIRE)–
Obscene Jeans Corp. (OTCQB:OBJE) took another step today toward
expanding its reach across the globe. OBJE President and CEO Robert
Federowicz announced that Beijing Beautyfresh International Trade Co.
(Beautyfresh) accepted the company’s term sheet Tuesday to move forward
with a global strategic profit alliance agreement.

Beautyfresh is one of a small number of import/export entities
authorized to service and distribute American and European products on
the Chinese mainland. Under a potential strategic profit alliance
agreement, Beautyfresh would become the sole distributor of OBJE-branded
products in China under Beautyfresh’s valid import/export license.
Beautyfresh would also use its import/export experience and business
contacts to market and distribute OBJE’s forthcoming cosmetic, fashion
and beauty products in Greece.

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Article source: http://biz.yahoo.com/bw/110427/20110427005635.html?.v=1