AMCG-Amico Games Corp Reports 2010 Fiscal Year Results

[amicogames]

Revenue Increases 47.6%, Net Income Up 66.8%

Guangzhou, China, December 3, 2010 (GLOBE NEWSWIRE) -- Amico Games Corp. (OTC Bulletin Board: AMCG) (''Amico''), 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, announced annual results for its fiscal year ending August 31, 2010. Revenues for the period were $1.86 million, an increase of 47.6% from 2009 revenue of $1.26 million, and net income was $324,350, up 66.8% from 2009 net income of $194,495.

Net cash provided by operating activities was $572,323 for the period, compared to 2009 net cash used in operating activities of $29,926, which resulted from an increase in net income and a decrease in accounts receivable. The Company has a working capital surplus of $642,022, compared to $169,271 for fiscal 2009.

Commenting on the Company's 2010 fiscal year results, CEO Peter Liu stated,

[amicogames]

China is the largest mobile phone market in the world. With mobile revenue growing faster than fixed-line, China

[amicogames]

Amico Games Corp. (OTCBB:AMCG), an interactive entertainment media Company specializing in developing some of China