Amico Reports First Quarter and Three Month Results
Companies:AMICO GAMES CORP
Symbol Price Change
AMCG.OB 0.62 0.00
Press Release Source: Amico Games Corp.
SAN FRANCISCO, CA--(Marketwire - Amico Games Corp. (OTC.BB:AMCG - News), 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
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: www.amicogames.com