Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
Mutually Beneficial Relationship will Bring OBJE Brand to China,
Europe
SARASOTA, Fla.–(BUSINESS WIRE)–Obscene Jeans Corp. (OTCQB: OBJE) President and CEO Robert Federowicz said Wednesday that the company’s forthcoming global strategic profit alliance agreement with Beijing Beautyfresh International Trade Co.
(Beautyfresh) will be a “great leap forward” toward making Obscene Jeans
a global lifestyle brand.
“Beautyfresh’s track record of success across two continents has us very
excited to collaborate with them”
Beautyfresh has extensive experience importing Greek goods into China,
where it markets a line of all-natural luxury soaps and beauty products
made using Greek olive oil and other ingredients. The company accepted a
term sheet from OBJE earlier this week, and both organizations are
currently finalizing a definitive agreement. One of an extremely limited
number of government-licensed import/export entities in China,
Beautyfresh is set to import, market and distribute OBJE-branded
products throughout mainland China. Beautyfresh would also use its
experience and business contacts to facilitate the export and marketing
of OBJE’s forthcoming cosmetic and beauty products to 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: http://www.businesswire.com/news/home/20110428006046/en/OBJE-President-Profit-Alliance-Chinese-Distributor-%E2%80%98Great