Amico Games Corp. (OTCBB: AMCG) $0.65, Announced Thursday after market close that the completion of the 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.
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."
What They Do: Amico Games Corp. 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.
Novatel Wireless (Nasdaq: NVTL) $8.01. Today announced that Orange, a leading European mobile operator, is launching the Novatel Wireless MiFi 2352 Intelligent Mobile Hotspot in Spain.
The MiFi platform is an innovative wireless alternative that represents an evolution from the current USB modem connections. The MiFi Intelligent Mobile Hotspot is aimed at customers who wish to connect multiple WiFi devices simultaneously and immediately to a single high-speed 3G Internet connection.
What They Do: Novatel Wireless, Inc. is a leader in the design and development of innovative wireless broadband access solutions based on 3G and 4G WCDMA (HSPA & UMTS), CDMA and GSM technologies.
IESI-BFC Ltd.(NYSE: BIN) $14.92 and Waste Services, Inc. (Nasdaq: WSII) today announced that each company has completed its respective due diligence review to its satisfaction and that the Board of Directors of each company has received a fairness opinion from their respective financial advisors with respect to their proposed combination announced on November 11, 2009.
The merger agreement between the parties provides for termination rights if either party identifies material issues during its due diligence review or is unable to obtain a fairness opinion, in each case within 30 days after entering into the merger agreement. These termination rights are no longer applicable since the fairness opinions have been received and the parties have completed their due diligence reviews to their satisfaction.
What They Do: IESI-BFC Ltd. is one of North America's largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services to commercial, industrial, municipal and residential customers in ten states and the District of the Columbia in the U.S., and five Canadian provinces.
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