Amico Games Corp. Makes A Price Run-Up
21 May 2010

Amico Games Corp. (OTC:AMCG) made a high price move on the market.  AMCG stock reached a 29.25% price change yesterday.  

The main reason for the current price up was the company’s announcement that it has added another 1 Million registered users for its mobile games. This is an increase of 21.95%, compared to the AMCG clients in  March, 2010. As a result, the company’s traded volume rose up over 35 thousand shares.

Compared to 2009, Amico Games Corp. reported a 70% higher revenue for the second quarter of 2010. AMCG’s cash flow increased throughout the period as well.

Amico Games Corp.’s official website gives detailed information on its business strategy and the company expects its customers will increase as a result of the growing demand for new content boosted by the 3G era in China. AMCG are in position to meet their cash requirements for the next 12 months through a combination of retained earnings, debt financing and equity financing by way of private placements. However, there is no assurance that such financing will be available at all.

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