Friday, December 11, 2009
Big Pick for Friday! AMCG!!!
Our big, new pick for Friday is AMCG (Amico Games) - Our Chinese mobile gaming play with big momentum, now up eight of past eleven trading sessions!
Amico Games
Symbol: AMCG
Current Price: $0.65
Snapshot - "AMCG is an information technology company specializing in developing multi-player networked mobile phone games. The company 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. China is now the largest mobile telecommunications market in the world! AMCG is at the forefront of the booming Chinese interactive online mobile phone gaming segment. AMCG is a relatively new issue coming public in October moving from the $0.20 level to its current level and in a big uptrend! We expect AMCG's trend to continue moving forward! AMCG has moved up eight out of the past eleven sessions and has not had a down day in that span! AMCG is a big momentum play right now and investors continue to come onto it!"
We could see AMCG move to much higher levels with the momentum built in! The company has had a great amount going on the last two weeks.
We believe the gaming market is about to take off again. We have picked gaming stocks in the past that have taken off huge and we believe AMCG could be our next gaming play to take off big time!
AMCG announced on Wednesday, December 9th, 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.
On December 2nd, AMCG announced that the mobile phone multiplayer games developed and distributed by Galaxy Software Ltd. experienced substantial growth in registered active users and game revenue from July 2009 to October 2009.
Currently, Galaxy Software Ltd. operates three mobile phone multiplayer games: "Miracle Journey to the West," "Fantasy Wulin," and "Journey to the West OL." During the three months ended October 31, 2009, the WAP game "Miracle Journey to the West" gained 1,689,722 new users, bringing its total users to 14,846,490.
According to the PR, this is a potential growth rate of almost 7,000,000 new users over the span of one year if the growth trend continues and consequently a significant increase in revenue.
Just recently on December 10th, AMCG 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.
AMCG operates within the booming Chinese economy and has a product that appeals to many consumers in China.
We could see AMCG move big in the coming days!
The Amico Games Website is at www.AmicoGames.com.
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