SOURCE: IO News Wire

IO News Wire

February 09, 2010 13:08 ET

(OTCBB: AMCG) Issued Buy Rating and Price Target of $1.44

Note to Editor, the Following Is an Investment Opinion Issued by the IO News Wire

NEW YORK, NY--(Marketwire - February 9, 2010) - Amico Games Corp (OTCBB: AMCG) has been issued a price target of $1.44 and a "Speculative Buy" rating from Victor Shula, Ph.D. of Beacon Equity Research.

In the first quarter of 2010, Amico Games revenue has grown a staggering 61% with their total user base up over 129% to more than 20.6 million. This presents a major opportunity for Amico to cross sell their portfolio of popular games enabling a larger share of each customer's wallet.

Amico markets its games primarily in China, one of the fastest growing gaming markets in the world. With recent deregulation of some telecom restrictions in China, the platform for mobile gaming is expanding rapidly, with Amico holding over 11% of the countries mobile gaming wireless application protocol (WAP) market.

Other active stocks are Sony Corp (NYSE: SNE) Multimedia Games Inc (NASDAQ: MGAM) and Goip Global Inc (PINKSHEETS: GOIG).

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