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

Listed in Penny Stocks, Stock Picks,, Day Trading, Best Stocks

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.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

Article source: