SOURCE: Amico Games Corp.

January 27, 2010 09:30 ET

Amico Reports First Quarter and Three Month Results

SAN FRANCISCO, CA--(Marketwire - January 27, 2010) - Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing and operating mobile phone multiplayer networked games in China, today announced its results for the first quarter ended November 30, 2009.

2009 Key Financial Highlights

--  Revenues for the three months ended November 30, 2009 were $476,526, up
    60.68% from same period in 2008.
--  Net income for the three month ended November 30, 2009 increased by 187.17%.

Mobile Phone Games under Operation

The company is currently operating three self-developed mobile phone games through various mobile value-added service providers:

                   Miracle Journey to                      Journey to the
                       the West         Fantasy Wulin         West OL
 Platform                WAP                WAP              Java ™
Mobile Network          2.5G               2.5G                2.5G
Open Beta Test
 Date                 May 2006          October 2008         May 2009
Registered Users
 as of December
 31, 2009            15,861,021            3,000,812        1,740,106

"We are glad to achieve a substantial increase in revenue and net income. In particular, we are pleased that we have been able to fund our businesses entirely from our revenue," said Mr. Peter Liu, the President & CEO of AMCG. "Over the past quarter, we have overcome the negative effects caused by the global economic recession and have been able to grow at a substantial speed. In light of the giant Chinese telecommunication market and fast growing market demand for mobile leisure entertainment, we are confident that we will be able to maintain stable growth in the coming quarter. We are committed to maintaining our position as a leader in our industry and developing new games to capture the strong market demand."

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:

Safe Harbor Statement

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 Amico 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 Amico's products, the competitive environment within the industry, the ability of Amico to continue to expand its operations, the level of costs incurred in connection with Amico's expansion efforts, economic conditions in the industry and the financial strength of Amico's customers and suppliers. Amico does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information

  • Contact
    Investor Relations Office
    Tel: 1-877-331-8777

    201 Spear Street, Suite 1100
    San Francisco, CA 94105