SOURCE: Amico Games Corp.

December 02, 2009 08:00 ET

Amico Reports Substantial Growth for Galaxy's Mobile Games

GUANZGHOU, CHINA--(Marketwire - December 2, 2009) - Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing multi-player networked mobile phone games, today announced that the mobile phone multiplayer games developed and distributed by Galaxy Software Ltd. experienced substantial growth in registered active users and game revenue from July 2009 to October 2009.

Currently, Galaxy Software Ltd. operates three mobile phone multiplayer games: "Miracle Journey to the West," "Fantasy Wulin," and "Journey to the West OL." During the three months ended October 31, 2009, the WAP game "Miracle Journey to the West" gained 1,689,722 new users, bringing its total users to 14,846,490. This is a potential growth rate of almost 7,000,000 new users over the span of one year if the growth trend continues and consequently a significant increase in revenue.

The Java game "Journey to the West OL" had the highest average revenue per paying user as of October 2009 at RMB 50.39 (approximately $7.45 USD), compared to RMB 49.03 (approximately $7.18 USD) of the WAP game "Miracle Journey to the West."

"We are delighted to observe the substantial growth in the performance of our offered products," Mr. Peter Liu, CEO and President of AMCG and Galaxy, stated. "After analyzing the statistics, we are very satisfied to see that our WAP games, 'Miracle Journey to the West' and 'Fantasy Wulin,' are tracking on a stable development trend. Our Java™ game, 'Journey to the West OL,' is maintaining very significant growth since its launch in May 2009. The statistics indicates that new users prefer to play Java™ games which offer better game playing experience, and this coincides with our R&D strategy." Mr. Liu concludes, "We plan to continue offering a high-quality gaming experience for players by developing more Java™ games in the future."

About Amico Games Corp.

Amico Games Corp. (OTCBB: AMCG) is set to acquire a cutting edge interactive entertainment media company specializing in developing multi-player networked mobile phone games that are played over the mobile internet in China - Galaxy Software Limited. Galaxy Software Limited delivers its mobile phone games across JAVA and WAP platforms over 3G and 2.5G mobile telecommunication network in China. As of October 31 2009, Galaxy's WAP game "Miracle Journey to the West" has accumulated around 15,000,000 registered users, taking up 11.1% share of multiplayer WAP game market, which is the market leader of the WAP game in terms of registered users.

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Safe Harbor Statement:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Amico Games Corp.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. See Amico Games Corp.'s Current Report on Form 8-K regarding the share exchange agreement with Vodafun Limited, the parent company of Galaxy Software Limited, for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. Amico Games Corp. must issue 54,500,000 shares of its common stock to the current shareholder of Vodafun Limited in order to complete the share exchange. Accounting for the anticipated cancellation of 29,800,000 shares of its common stock, Amico Games Corp. will have 72,700,000 shares of common stock issued and outstanding upon the closing of the share exchange.

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