ICI’s new game, Light A Way, sets daily revenue record
After emerging from a five month trading halt yesterday iCandy Interactive Limited (ASX:ICI) reported that its newly launched mobile game, Light A Way, has garnered exceptionally good traction.
Light A Way is a fantasy-themed adventure clicker game, a unique genre that is relatively new and innovative to international gamer community.
Light A Way has already generated more than 800,000 unique installs on major app stores and its daily revenue is rising steadily since it was launched. Over the weekend of 14-15 April 2018 Light A Way charted a highest daily revenue of A$13,000 per day — the highest ICI has seen within its stable of games.
It should be noted, however, that this is an early stage tech company and success is no guarantee. Investors should seek professional financial advice before making an investment.
Light A Way was developed in-house by ICI’s award winning studio, Appxplore.
Here’s the official trailer of the game:
The company also announced that it will be offering a Loyalty Option to shareholders who have been supportive of the company throughout the trading halt.
ICI entered a trading halt on 15 November 2017 during an attempt to takeover another company, which did not eventuate.
The Loyalty Option will be offered to existing shareholders on the basis of 1 new Loyalty Option for every 2 ordinary ICI shares held at a future record date. This will be a listed option trading on the ASX. ICI is also proposing the listing of its existing A$0.10 unlisted options on the ASX. The details of the option are still to be provided to shareholders.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.