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Posted: Fri Dec 11th, 2009 05:06 pm |
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Amico Games Announces Ending the 1st Stage Development of WAP 2.04:15p ET December 10, 2009 (Market Wire)
Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing multi-player networked mobile phone games, today announced the completion of first stage of development of a WAP 2.0 platform (Wireless Application Protocol) by Galaxy Software Ltd, the Chinese Company that Amico Games Corp. is set to acquire. The WAP 2.0 platform will, upon successful completion, greatly improve the gaming experience and performance of the WAP games developed by Galaxy Software.
WAP (Wireless Application Protocol) is an open international standard for application-layer network communications in a wireless-communication environment. Most use of WAP involves accessing the internet from a mobile phone. A WAP browser installed in mobile phone provides all of the basic services of a computer-based web browser but simplified to operate within smaller screen of a mobile phone. WAP 1.0 is the first version of WAP released in 1998. In comparison to WAP 1.0, WAP 2.0 adopts general application standards to enable mobile phone users to access the Internet in a way more similar to the traditional PC terminal experience. Currently, almost all mobile phones support the WAP 2.0 browser.
Galaxy Software Ltd began migrating its mobile games to the WAP 2.0 platform in October 2009 and has now completed the first stage of this process. The overall project is estimated to be completed in July 2010.
"I am excited about the improvement in our WAP game performance with the completion of the first stage of the WAP 2.0 migration," Mr. Peter Liu, CEO and President of AMCG, commented. "We are committed to providing a better game playing experience to our users. Although the WAP 2.0 migration is not fully completed, our mobile games have achieved obvious improvements and users have provided us with a positive response. I am convinced that our WAP game will have a longer life span with our continuing efforts to improve the game playing experience."
About Amico Games Corp.
Amico Games Corp. (OTCBB: AMCG) is set to acquire a cutting edge interactive entertainment media company specializing in developing multi-player networked mobile phone games that are played over the mobile internet in China -- Galaxy Software Limited. Galaxy Software Limited delivers its mobile phone games across JAVA and WAP platforms over 3G and 2.5G mobile telecommunication network in China. As of October 31, 2009, Galaxy's WAP game "Miracle Journey to the West" has accumulated around 15,000,000 registered users, taking up 11.1% share of multiplayer WAP game market, which is the market leader of the WAP game in terms of registered users.
For more information, please visit the Company's website at: http://www.amicogames.com
Safe Harbor Statement:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Amico Games Corp.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. See Amico Games Corp.'s Current Report on Form 8-K regarding the share exchange agreement with Vodafun Limited, the parent company of Galaxy Software Limited, for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. Amico Games Corp. must issue 54,500,000 shares of its common stock to the current shareholder of Vodafun Limited in order to complete the share exchange. Accounting for the anticipated cancellation of 29,800,000 shares of its common stock, Amico Games Corp. will have 72,700,000 shares of common stock issued and outstanding upon the closing of the share exchange.
Contact
Investor Relations Office
Tel: 1-877-331-8777
Email: info@amicogames.com
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SOURCE: Amico Games Corp.
mailto:info@amicogames.com
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Posted: Wed Dec 9th, 2009 02:46 pm |
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Amico Games Expects 40% Income Tax Reduction
GUANZGHOU, CHINA -- (Marketwire) -- 12/09/09 --
Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing and operating multi-player networked mobile phone games, today announces that, its share exchange partner, Galaxy Software Limited is expected to be eligible for a 40% income tax reduction from 25% to 15% during the upcoming calendar year, which will greatly improve its profitability
According to the tax policy published by Guangzhou Local Tax Bureau in November 2008, enterprises being officially identified as "high technology" will enjoy the beneficial income tax rate of 15%. Also, shareholders will be free of personal tax if they invest dividends into the enterprise. This is one of many efforts by local Chinese government to support and promote "high technology" businesses such as Galaxy
Galaxy is qualified to apply for the beneficial tax policy as an information technology company and has submitted all necessary documentation to the Guangzhou Local Tax Bureau. The management believes that its application will be processed by the end of December 2009 and the company will be able to take advantage of the decreased tax rate on its earnings
Mr. Peter Liu, CEO and President of Galaxy, commented, "We appreciate the beneficial tax policy published by Guangzhou Local Tax Bureau, which will improve our profitability substantially. This tax reduction will enable us to retain more of our earnings to invest into future R&D programs and marketing activities, thus create more value for our shareholders. We are excited about the upcoming year and a reduction in tax will only help our company to grow and continue to establish itself as the leader in our field."
About Amico Games Corp
Amico Games Corp. (OTCBB: AMCG) is set to acquire a cutting edge interactive entertainment media company specializing in developing multi-player networked mobile phone games that are played over the mobel internet in China -- Galaxy Software Limited. Galaxy Software Limited delivers its mobile phone games across JAVA and WAP platforms over 3G and 2.5G mobile telecommunication network in China. As of October 31 2009, Galaxy's WAP game Miracle Journey to the west has accumulated around 15,000,000 registered users, taking up 11.1% share of multiplayer WAP game market, which is the market leader of the WAP game in terms of registered users
For more information, please visit the Company's website at: http://www.amicogames.com
Safe Harbor Statement:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Amico Games Corp.'s filings with the United States Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements
See Amico Games Corp.'s Current Report on Form 8-K regarding the share exchange agreement with Vodafun Limited, the parent company of Galaxy Software Limited, for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. Amico Games Corp. must issue 54,500,000 shares of its common stock to the current shareholder of Vodafun Limited in order to complete the share exchange. Accounting for the anticipated cancellation of 29,800,000 shares of its common stock, Amico Games Corp. will have 72,700,000 shares of common stock issued and outstanding upon the closing of the share exchange
Contact Investor Relations Office Tel: 1-877-331-8777 Email: info@amicogames.com
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Posted: Tue Dec 8th, 2009 03:02 pm |
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- AMCG -
Share Price 12/08/09 .52
Amico Games Corp, Inc.
Website: http://www.amicogames.com/
Corporate Address
Address: Room North 02, 9/F South, Building A,
Zhongshan Avenue No. 89, Tianhe District,
Guangzhou City, Canton Province,
People's Republic of China
ZIP: 510630
Tel:+86-20-8556 2666
Fax: +86-20-8556 3666
Investor Relations
Tel: +1 877 331 8777
Email: info@amicogames.com
A/S: 600,000,000
O/S: 72,000,000 11/16/09
SEC 10-Q filing: http://www.sec.gov/Archives/edgar/data/1435772/000129460609000081/0001294606-09-000081-index.htm
The Company:
Amico Games Corp. (OTCBB:AMCG) is set to acquire a cutting edge interactive entertainment media company specializing in developing multi-player networked mobile phone games that are played over the mobile internet in China – Galaxy Software (Guangzhou) Limited. Upon the closing of the anticipated transaction between the companies, Amico will offer a portfolio of diversified gaming content including some of the most popular massive multi-player online role-playing games (MMORPGs) and advanced casual online games in China.
Galaxy's interactive entertainment platform attracts a loyal, large and growing subscriber base. Each user can interact with thousands of other users concurrently and enjoy the interactive entertainment content that Amico provides. The games work across both JAVA™ and WAP (wireless application protocol) platforms over 3G and 2.5G mobile telecommunication network in China.
Amico Games Corp will develop and operate mobile phone multi-player networked games through Galaxy Software (Guangzhou) Limited, a private-owned company. Established in 2001, Galaxy is one of the pioneer developers of mobile phone multi-player gaming in China. Galaxy is the first company to provide the popular wrestling genre games and multi-player games over the WAP platform of China Mobile™ (In addition to having the world’s largest mobile network, China Mobile has the greatest number of mobile subscribers)
Management:
Peter Liu, Chief Executive Officer, Aged 36
Mr. Peter Liu is the Chief Executive Officer of Amico Games Corp. He is also the founder and executive director of Galaxy Software (Guangzhou) Limited. Mr. Liu has rich experience in mobile phone game application development and business management. He was one of earliest pioneers in the Chinese mobile phone gaming market. Prior to establishing Galaxy Softare, Mr. Liu worked with Asian Information Resources (Guangzhou) Company Limited. Mr. Liu holds a diploma in an Executive MBA training course from South China University of Technology in 2005. He also completed training courses of Financial Management from South China Normal University in 2002 and Computer Application from Sun Yat-Sen University in 2000.
Wing Kuen Ha, Chief Financial Officer, Aged 46
Chief Financial Officer Mr. Wing Kuen Ha has over 20 years experience in the areas of auditing, financial reporting and transaction advisory services. Mr. Ha has been an Executive Director, Group Financial Controller and Corporate Secretary for several publicly traded companies that were listed on the Hong Kong Stock Exchange. Mr. Ha holds a Masters Degree in Professional Accounting from the Open University of Hong Kong. He is also a fellow member of The Association of Chartered Certified Accountants and The Hong Kong Institute of Certified Public Accountants.
Yuan Xu, Chief Operating Officer, Aged 41
Mr. Xu is the Chief Operaating Officer of Amico Games Corp. He has also served as the General Manager of the wholly-owned subsidiary Galaxy Software (Guangzhou) Ltd. since 2006. Mr. Xu brings 14-years of administrative and management experience in the Chinese telecommunication industry. Prior to joining Amico, Mr. Xu was the CEO of Guangdong Renwoxing Information Industry Co. Ltd. from 2003 to 2005. In the period 2001 to 2003, he worked as General Manager in Hainan Branch Company of Guangdong Jinzhonghua Communication Service Company, Limited. Mr. Xu received his bachelor degree of Chinese Linguistic Literature in Anhui University in 1991.
Lin Zhong, Chief Technology Officer, Aged 31
Mr. Zhong is the Chief Technology Officer of Amico Games Corp. In 2002 Mr. Zhong joined Galaxy Software (Guangzhou) Limited, a private Chinese based mobile gaming developer and distributor as a programmer and was appointed as its Technology Director in 2003. He is proficient in developing multiplayer mobile games for a number of various mobile platforms including SMS, WAP and Java. Mr. Zhong is the system analyst and project manager for most of the Galaxy Software (Guangzhou) Limited mobile games. Mr. Zhong received his Bachelor degree in Computer Science and Technology in year 2000 from National University of Defense Technology of China.
My Comments:
This issue has real potential for growth in the Chinese market as they are set to acquire a cutting edge interactive entertainment media company, specializing in developing multi-player networked mobile phone games that are played over the mobile internet in China.
The mobile internet system in China is a huge and growing every month as new subscribers come online..
The management team is absolutely top-shelf in this industry.
I like it and will look for continued growth that will only benefit shareholders going forward.
Have a good day
Varok
http://www.stockmarketquarterly.com
Where investors build their portfolio one stock at a time.
Disclaimer: Stockmarketquarterly is an independent newsletter. Stockmarketquarterly's goal is to give the investor the necessary knowledge to make rational and profitable investment decisions.Stockmarketquarterly expects to generate new subscriber revenue, the amount of which is unknown at this time, to its newsletter through the distribution of future special reports. This publication does not provide an analysis of a company's financial position and is not an offer to buy or sell securities. Information about publicly listed companies and other investor resources can be found at the Securities & Exchange Commission website http://www.sec.gov. Investing in securities is speculative and carries risk. It is recommended any investment in any security should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Stockmarketquarterly presents information in this report believed to be reliable, but its accuracy cannot be guaranteed.Past performance does not guarantee future results. The information contained herein contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. In accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures, etc. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should or might occur.Stockmarketquarterly has received $2,500 cash from a 3rd party to profile Amico Games Corp, Inc.. We may purchase for our portfolio a certain amount of our holdings as we feel companies we profile have substantial growth potential or until the business climate dictates otherwise.. Due Diligence is a must for all investors as there is a certain amount of risk investing in any market..Last edited on Tue Dec 8th, 2009 10:27 pm by Admin
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