Marbridge Daily

<- November 22, 2011 ->

China CGame Q3 2011 Net Loss Reaches 2.6 Mln

SEC, 11/22/11

Online game developer and operator China CGame (Nasdaq: CCGM), formerly known as China Architectural Engineering, has announced its unaudited Q3 2011 financial results with zero revenue excluding revenue from discontinued operations. China CGame did not take in any revenue in Q3 2011 as the company shifted its focus from construction to online gaming.

Net loss was USD 2.67 mln, as compared to a net loss of USD 8.49 mln a year before. Net loss for the nine months ending September 30 was USD 9.77 mln as compared to a net loss of USD 15.34 mln a year before.

China CGame's newly acquired subsidiary ConnGame began final testing of its first game in Q3 2011 and expects to launch another game in Q4 2011.

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