SOURCE: Amico Games Corp.

June 21, 2010 07:00 ET

Amico Games Empowered by Web-Based Payment Settlement System

SAN FRANCISCO, CA--(Marketwire - June 21, 2010) -  Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing and operating mobile phone multiplayer networked games, today announces that the company has added a payment settlement system provided by 19Pay (www.19Pay.com), which has 300 million users in China.

Amico has integrated the payment gateway of its mobile games with the payment settlement system provided by 19Pay, such that the company's cell phone game subscribers will be able to pay for Amico's games through the Internet, their mobile phone and fixed-line telephone. This is another attempt of Amico after cooperating with YeePay to extend its game subscription fee collection method from the traditional Q-coin, short messages, and mobile phone rechargeable cards.

19Pay (www.19pay.com) is one of the largest web-based payment settlement systems in China. According to their announcement dated March 15, 2010, 19Pay has secured a user base of 300 million, and serving over 460,000 enterprises in China. Currently, around 60%-70% of Chinese online payments are paid through the 19Pay platform.

"This is the first time 19Pay is cooperating with a mobile phone game provider and we see this as a significant benefit to our existing game subscribers. Additionally, by working with 19Pay we expect to be able to tap into a new group of potential customers," said Mr. Peter Liu, CEO and President of AMCG. "19Pay is particularly strong in web-based e-commerce payment settlement, while YeePay focused more on the gaming industry sector. We see the two payment settlement platforms as complementary with each other and with our games."

About Amico Games Corp.

Amico Games Corp. is a software company specializing in developing mobile phone games for the Chinese market. On December 31, 2009, Amico acquired Galaxy Software Limited, a Chinese private-owned company incorporated in November, 2001. Galaxy is one of the earliest mobile phone multiplayer game developers in China, as well as one of the first Chinese companies to develop and operate Java™ MMRPOG (massive multiplayer role playing online games) mobile phone games. It is also the first company to provide multiplayer games over the WAP platform of China Mobile, the world's largest mobile phone provider based upon subscribers. For more information, please visit the Amico's website at: www.amicogames.com

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Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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