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Amico Games Registered Users Surpass 30 Million in 2011 First Quarter
GlobeNewswire
2011-01-14


GUANGZHOU, China, Jan. 14, 2011 (GLOBE NEWSWIRE) -- 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
that its registered users grew to 30,123,810 in November 2010, an
increase of 317,147 over the previous month.

The Company's most recently released and second Java game, "Journey to
the West: deja vu," recorded 269,621 new registered users during
November 2010. Since its mid September release, "deja vu" has attracted
485,577 new registered users and has 234,147 active players.

Amico also announced the results for the 2011 first quarter ended
November 30, 2010. The revenue for the three month ended November 30,
2010 were $463,250, compared with $467,526 for the same period last
year. Net income was $(7,793) for the first quarter ended November 30,
2010, compared with net income of $27,222 for the same period in 2009.
Commenting on the 2011 first quarter results, CEO Peter Liu stated,
"Our operating expenses for the three month ended November 30, 2010
were $151,146 more than the same period last year. This was the result
of increases in payroll and office expenses related to the November
move to our expanded facilities, and was in line with expectations.
With $350,934 in cash on hand, a surplus in working capital of $520,010
and our cash flow, we continue to have sufficient capital to execute
our corporate development strategies."

About Amico Games Corp.

Amico Games is a subscriber-based interactive entertainment company
with over 30 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 the company's websites at 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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