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.