SOURCE: Amico Games Corp.

November 30, 2009 09:15 ET

Amico Games Corp. to Acquire Leading Chinese Mobile Gaming Company

GUANZGHOU, CHINA--(Marketwire - November 30, 2009) - Amico Games Corp. (OTCBB: AMCG) is pleased to announce that it has entered into a binding share exchange agreement to acquire Galaxy Software Limited, a private Chinese company specializing in the development and distribution of multiplayer games for mobile phones. Once closed, this acquisition will give Amico access to the revenue and profits of Galaxy as well as expanded business opportunities in the mobile gaming industry in China, the world's largest growing mobile market.

As of the signing of the agreement with Galaxy's parent company, Vodafun Limited, Amico has changed its business focus to developing mobile games for the Chinese market. To this end, Amico has appointed new management personnel with extensive experience in the Chinese mobile and financial industries, including some individuals from Galaxy Software. The new management consists of:

Peter Liu: President and CEO
--  Also the President, CEO and founder of Galaxy, Mr. Liu has significant
    experience in project management and human resources.

Wing Kuen Ha: CFO
--  Mr. Ha has over 20 years of experience in auditing and advisory
    services. Ha has served as an executive director, group financial
    controller and company secretary for several publicly traded companies
    listed on the Hong Kong Stock Exchange.

Yuan Xu: Chief Operating Officer
--  Mr. Xu has 14 years of experience in the Chinese telecommunications
    industry including serving as general manager and CEO of
    telecommunications and software companies.

Lin Zhong: Chief Technology Officer
--  Mr. Zhong holds a degree in computer science and technology and is
    proficient in developing multiplayer mobile games for a number of
    various mobile platforms including SMS (Short Message Service), WAP
    (Wireless Application Protocol) and Java™.  Mr. Zhong is the system
    analyst and project manager for most of the Galaxy Software's mobile

"We are thrilled to bring these two companies together," said Mr. Liu, president of Galaxy Software and Amico. "Galaxy has been successful in becoming one of the leading players in the mobile gaming industry in China and with the explosive growth expected out of the Chinese telecommunications market, we are very happy to be able to expose North American investors to an exciting, profitable and quickly expanding company."

For more information, please visit the Company's website at:

About Galaxy Software Limited:

Galaxy Software Limited is 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 company 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.


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 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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