AMCG- The Perfect Recipe! *Breaking News After Hours*
released fantastic news after trading hours regarding their constant
growth this year in the Chinese Gaming Mobile Phone Market! On top of such positive news, we also witnessed record volume and the Key break of 0.80 "Our 52 Week High." Any one of these factors could be Key Ingredients to Fuel a Massive Breakout and here we have All Three to get things Cooking!!
Our members are already up 36% from are initial alert at 0.61, and were looking for Higher Gains into next week!
Victor Shula, Ph.D. of Beacon Equity Research issued a “Speculative Buy” rating with a price target of $1.44.
Our initial target price? $1.00
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Amico Games Corp. Adds Approx 1 Million New Users Through January 2010
SAN FRANCISCO, CA — (Marketwire) — 02/12/10 –
Amico Games Corp. (OTCBB: AMCG), an information technology company
specializing in developing and operating mobile phone multiplayer
networked games, today announces that total registered users has reached 21,594,517 as of January 31, 2010, of which 992,578 were new users who joined in 2010.
According to registered membership statistics from the Amico Game
Corp. database, the Company’s game registered users experienced noticeable growth in January 2010, as shown in the following chart:
Total Registered Users Newly December January Registered Growth Game
Type 31, 2009 31, 2010 Users Rate Miracle Journey to the West WAP*
15,861,021 16,373,697 512,676 3.23%
Fantasy Wulin WAP 3,000,812 3,210,987 210,175 7.00%
Journey to the West Online JAVA(TM)** 1,740,106 2,009,833 269,727 15.50%
Total 20,601,939 21,594,517 992,578 4.82%
*WAP, Wireless Application Protocol, a wireless communications
environment for delivering web data to mobile handsets with minimal
screen display.
**Java, a software and technology environment that has been
specifically designed by Sun Microsystem to enable the development of
applications on mobile devices.
"We are very happy to see steady growth in our registered game
users, especially our JAVA game Journey to the West Online, which
reached a high growth rate of 15.50% in January, 2010," Mr. Peter Liu,
Amico’s President and CEO, stated. "Looking at Chinese mobile phone
gaming market opportunities for 2010, I believe we will find that more
registered users prefer JAVA mobile phone games because of the enhanced
playing environment and richer game scenarios. As previously announced,
our R&D plans will focus on developing more high-quality JAVA games
to retain and build our user base. Additionally, the steady growth of
our WAP games users prove, I believe, that we are one of the leading
developers of this game type in China."
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. Galaxy Software Limited is a Chinese
privately-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. For more information, please visit the Amico’s
website at: www.amicogames.com
Safe Harbor Statement:
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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