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STOCK ON WATCH: AMCG.ob From Purely Penny Stocks
[July 09, 2010]

STOCK ON WATCH: AMCG.ob From Purely Penny Stocks


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For more alerts and articles related to penny stocks sign up for our free newsletter here: http://purelypennystocks.com Amico Games Corp. Plans First Game Portal Launch Thursday July 8, 2010, 11:00 am EDT SAN FRANCISCO, July 8, 2010 - Amico Games Corp. (OTCBB:AMCG - News), an information technology company specializing in developing and operating cell phone multiplayer networked games, today announces that the company plans to launch a game portal in the fourth quarter of 2010 in order to receive a larger percentage from its mobile game revenues.



The game portal, named "E-Ge-Ge" which means "Big Brother" in mandarin, is the first attempt of Amico to distribute a number of mobile games directly to cell phone users in China through a consolidated games platform. Bypassing intermediate distributors should allow Amico to receive a larger percentage from the revenue generated by its mobile games.

The alpha version of E-Ge-Ge portal is expected to start internal testing on August 1st, 2010 with a public beta following in September of 2010. Upon its official launch, cell phone users could visit the game portal through the following domain names: www.egege.com.cn or www.01234.com.cn. The game portal will be operating on a membership basis and will leverage on strategic partners of Amico to attract a large and loyal user base.


"Launching and operating a game portal of our own is an important strategic move in our development," said Mr. Peter Liu, CEO and President of AMCG. "In the foreseeable future, we expect this game portal to run in parallel with the distributor model, where our games are distributed through various distributors. But definitely we are expecting a larger portion from the game revenue split under our portal than we usually receive from a distributor." 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(TM) 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. Further information on the Company can be found at www.sec.gov and at the company'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.

Contact: Amico Games Corp.

Investor Relations Office 1-877-331-8777 info@amicogames.com 201 Spear Street, Suite 1100 San Francisco, CA 94105 USA ((Comments on this story may be sent to info@m2.com)) (c) 2010 M2 COMMUNICATIONS

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