SOURCE: Amico Games Corp.

March 18, 2010 07:30 ET

Amico Games Corp. Commences Development of New JAVA™ Game "Journey to the West Online II"

SAN FRANCISCO, CA--(Marketwire - March 18, 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 commenced development of a new JAVA™ mobile phone game, Journey to the West Online II. Preliminary work began in October 2009 and the finished product launch is estimated to be in September of 2010 with a target of attracting 3,000,000 new users within the following 12 months.

Journey to the West Online II is a turn-based role-playing mobile phone game, which is different from the previous version of Journey to the West Online in its 3D graphic techniques and enhanced game playing environment. Amico will primarily distribute this release by itself instead of a co-operative release through 3rd party distributor channels; potentially increasing the company's profit margins. The management of Amico estimates that 3,000,000 new users will subscribe to Journey to the West Online II with potential revenue generated at over RMB18,000,000 within 12 months after launch.

To the right are some in-game graphic scenario pictures in Journey to the West Online II.

"Our R&D team will utilize advanced 3D graphic techniques to develop enhanced, rich gaming scenarios in Journey to the West Online II. This type of graphic environment looks more similar to PC online games and is a great improvement compared to all other games offered in the mobile gaming sector," stated by Mr. Peter Liu, Amico's President and CEO, "Furthermore, we are working on additional enhancements and user interactions to attract and retain game players with Journey to the West Online II. Once the game is ready, Amico will assume the distribution of the game through our own operating team. This will reduce our reliance on 3rd party distributors and should generate additional revenues by reducing the revenue split to distributors. I believe that our proven track record of game development and operation expertise will be evident in the success of the new game."

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:

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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 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. 

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