Amico Games Registered Users Surpass 30 Million in 2011 First Quarter

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™ 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 sec.gov and the company’s websites at 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

Breaking News on Amico Games Corp. AMCG.OB

Amico Games Secures Expanded Facilities and Creates New Development Team

Announces Registered User Increase and Update of U.S. Website With FAQs

GUANGZHOU, China, Nov. 11, 2010 (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 the Company is expected to move into its new Guangzhou based office on November 20, 2010. The new 1,500 square meter office is located in Guangzhou's major business hub and has an area approximately three times as large as its current location. 

Commenting on the Company's new headquarters, CEO Peter Liu stated that "The expanded facilities will allow us to continue staff increases, including planned expansions of the R&D, marketing, game design and customer service teams. In addition, the Company has recently created a new team to develop games for Nokia's Symbian and Google's Android mobile operating systems."

"With the launch of our game distribution portal E-Ge-Ge and new service offerings to third party game developers, the Company has entered the second phase of our growth strategy. The expanded facilities will enable us to assist other game developers with network access, building application environments, customer relations, payment solutions, operational support, and advertising and promotion," continued Mr. Liu.

"Moreover, the new office will enhance our ability to implement the third phase of our corporate development strategy to create our own online social gaming community before year's end," said Mr. Liu.

The Company also announced its registered users grew to 29,806,663, an increase of 568,026 for the month of October; and that a FAQ section has been added to the investor relations portion of its US website at http://www.amicogamesUS.com

About Amico Games Corp.

Amico Games is a subscriber based interactive entertainment company with over 29 million registered users. The company develops massively multiplayer role playing online games (MMRPOG) based on Java™ 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 http://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

Welcome To Amico Games

Amico Games is a subscriber based interactive entertainment company with over 28 million registered users that develops Java™ technology for massive multiplayer role playing online games (MMRPOG) for 3G telecommunication networks in China.  The company developed 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.