Penny Stock News: OBJE Successfully Completes Negotiations with Global Chinese Distribution Company

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SARASOTA, Fla.–(BUSINESS WIRE)

As Obscene Jeans Corp. (OTCQB:OBJE) readies its debut denim line for
worldwide release, company president and CEO Robert Federowicz announced
today that OBJE has successfully finalized negotiations with Beijing
Beautyfresh International Trade Co. (Beautyfresh) for a global strategic
profit alliance designed to give the hot new fashion firm professional
distribution of its products in Asia and Europe.

Beautyfresh accepted Obscene Jeans’ term sheet to move forward with the
strategic profit alliance agreement on Tuesday. One of very few
government-licensed import/export entities in China, Beautyfresh is
authorized by the Chinese government to export goods to Brazil,
Australia, the U.S., Singapore, the Philippines, North and South Korea,
Japan, Russia, Norway, Finland, The Netherlands, Kuwait and Dubai. Under
the terms of the forthcoming agreements, Beautyfresh will import, market
and distribute OBJE-branded products in China as well as export and
market OBJE’s forthcoming cosmetic and beauty products in Greece, where
the company maintains extensive business presence.

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://biz.yahoo.com/bw/110429/20110429005251.html?.v=1

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