Amico Game Activates Portal for Distribution of Mobile Phone Games
GlobeNewswire 2010-10-07
Amico Games Corp. (OTCBB:AMCG) an interactive entertainment media
company specializing in developing some of China's most popular
massively multi-player online role-playing games (MMORPGs) for mobile
phones, today announced the activation of its portal for the
distribution of mobile phone games, called E-Ge-Ge.
As previously noted in the Company's July 8th, 2010, press release
announcing beta testing of E-Ge-Ge, Chinese speaking mobile gamers can
access our portal through www.egege.com.cn, www.01234.com.cn as well as
www.amicogamesus.com.
Commenting on the Company's mobile phone game portal, CEO Peter Liu
stated that, "our 28 million registered users now give us the critical
mass to activate E-Ge-Ge and begin executing our strategy to expand our
business beyond game development into game operations."
"Distributing our own games will allow us to capture 90% of our in-game
revenues by minimizing our reliance on independent distributors, who
can consume up to 70% of our game revenue from our end users,"
continued Liu.
"Not only will the portal allow us to greatly enhance our profit
margins on the games we develop, we built the new distribution platform
to provide full marketing, operational and customer support to third
party developers of massively multi-player online games in order to add
additional revenue streams to our company," said Liu.
About Amico Games Corporation
Amico Games is a subscriber based interactive entertainment company
with over 28 million registered users. The company develops massively
multiplayer role playing online games (MMRPOG) based on Java(TM)
technology for 3G telecommunication networks in China. The company
created some of China's earliest mobile phone multiplayer games, was
the first Chinese company to cooperate with Nokia and was the first
company to provide multiplayer games over the WAP platform of China
Mobile. Further information on the Company can be found at www.sec.gov
and at the company's websites at www.amicogames.com and
www.amicogamesus.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.
CONTACT: Amico Games Corp.
Investor Relations
(310) 301-0082
IR@amicogamesus.com
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