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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.
Workstream Inc. (OTCBB: WSYM) $0.78. Today announced the appointment of Jerome P. Kelliher as the Company's new Chief Financial Officer.
Jerome P. Kelliher, with 13 years of experience at Ernst & Young as a financial professional, will drive the enterprise-wide creation of value for all of Workstream's business units and bring the necessary financial acumen to analyze, and direct the company's progress in profitability. During his tenure at E&Y, Mr. Kelliher held several senior management positions, culminating in his most recent position as Managing Partner of the Moscow, Russia office. Mr. Kelliher is a certified public accountant and holds a Master of Science in Accountancy with distinction from Bentley College Graduate School of Business in Waltham Massachusetts.
What They Do: Workstream provides on-demand compensation, performance and talent management solutions and services that help companies of all size manage the entire employee lifecycle - from recruitment to retirement.
ITEX Corporation (OTCBB: ITEX) $0.76. Today announced results for its fiscal 2010 first quarter ended October 31, 2009. "Income from operations increased more than 15 times over what we reported for the corresponding period last year; when we were investing in our strategic initiatives. We achieved growth in a number of areas during a very difficult economic time while many other businesses recognized declines," said Steven White, Chairman and CEO. "We realized a small increase in revenues for the quarter with expenses and earnings in line with what we anticipated, resulting in an increase in net income. Our cash from operations remained strong."
What They Do: ITEX, The Membership Trading Community(SM), is a thriving network of participating member businesses.
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