Amico Games Corp. (OTCBB: AMCG) Carving Into Gaming Business

Amico Games Corp. (OTCBB: AMCG) is a business with full scale operational results not yet published, but they tend to show promising revenue growth with the results previewed so far. Providing the Chinese public with ever so popular mobile phone games, the company is targeting one of the largest markets currently worldwide.[BANNER]

Amico generates revenues through in cooperation with Galaxy Software Ltd., which has signed a series of agreements with Amico’s subsidiary Vodafun Ltd. It’s a mixed organization, but judging from the previewed results – this doesn’t affect their ability to carry out a profitable business.

The proclaimed $1.25 million in revenue that was recently announced is just the beginning of the company’s growth, or so they like to present. Of course their market segment is promising and it should be easy to get some of the circulating cash with games that have carved their place amongst Chinese gamers. The company is seeking to achieve $10 million in sales by 2012 according to the Beacon equity report.

Amico’s most prominent games include brands presented back in 2006. These multiplayer games are still attracting new players, as the company announced a few days ago. It might turn into a pretty good business if they continue gaining market share. Clearly new games will have to be created if they want to achieve this goal and management has indicated that it plans to increase their assortment during 2010-2011.

Amico is still considerably small, but has already been appraised as one of the top Chinese gaming industry performers at the Fifth China Mobile phone Game Enterprise Public Appraisal Fair 2009-2010.

Read the rest here: