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PacificNet Games Announces Strategic Alliance Partnership with Leading Casino Management System Provider ADVANSYS

2007-09-13 15:36 1330

Partnership Enables PacificNet Games to Rapidly Expand Gaming Product Lines via Partnership Agreement with Casino Management System Leader.

MACAU, China, Sept. 13 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of Customer Relationship Management (CRM), mobile internet, e-commerce and gaming technology in China, announced today that its PacificNet Games ( http://www.PactGames.com ) subsidiary has signed a strategic alliance partnership agreement with leading casino management system provider Advansys ( http://www.advansys.si ).

Through this partnership, PacificNet Games will deploy Advansys products in multiple Asian markets, customize existing products to meet local gaming requirements and co-develop new casino management systems for Asian casinos. PactGames currently carries a wide range of gaming product lines, including EGT Series and CyberCash Series Slot machines, Virgin Series MultiPlayer Casino gaming machines, eTable Series Multiplayer casino gaming machines, and the Evona series casino roulette. This partnership with Advansys adds to this product line a world-class casino management system, giving PactGames a complete and strengthened product line. Other suppliers of casino management systems include IGT, Aristocrat, BallyTech, and Progressive Gaming.

The Advansys casino management system includes slot accounting, cage management, player tracking, slot marketing, and slot machine maintenance. This summer, Advansys launched SlotScanner(TM) Ticketing, which is used for the management of Ticket-In, Ticket-Sut (TITO) slot operations in place of traditional coins. SlotScanner(TM) Ticketing is an upgrade to SlotScanner(TM) Accounting & Cage and operates on all slot machines that support reading and printing of cash-out tickets. Ticketing is very popular with players that value the privacy of their play, simplicity of use and instant transfer of credits from one machine to another. SlotScanner(TM) Ticketing is a solution for operators who want to increase the efficiency and profitability of their slot floor by reducing or eliminating hopper fills and decreasing labor costs. Advansys has seen strong demand for all of its casino management products due to Asian operators facing growing competition, which is bringing an increased need for casino efficiency and a stronger push to gain player loyalty.

Tony Tong, Chairman and Chief Executive Officer of PacificNet, said "We highly respect Advansys' strength and knowledge in casino management systems. We are excited about the features, quality and income generation potential of Advansys's gaming products. We think Advansys's gaming products are complementary to PacificNet Games' multi-player electronic gaming machine product lines and we believe that Advansys' gaming products will further enhance PacificNet's position to become a leading gaming technology provider in Asia. With our mature gaming product line, strong presence and installation base, this partnership with Advansys will greatly enhance PacificNet's efforts to expand penetration of our products in Asia and the rest of the world."

As of the end of 2006, Macau (a Special Administrative Region of the People's Republic of China) has become the largest and fastest-growing gaming market in the world, and has surpassed the Las Vegas Strip in total revenues. According to statistics provided by Macau government, in 2006, Macau's gaming revenues reached US$7 billion (MOP 56.2 billion patacas), surpassing the Las Vegas Strip gaming revenues of US$6.6 billion. Macau borders Zhuhai City of Guangdong Province of China, one of the country's wealthiest and most developed regions and is an hour away from Hong Kong via ferry. In 2006, the number of tourists visiting Macau reached an all-time record of 22 million, an increase of 17 percent compared with 2005, of which 55%, or 12 million visitors, were from mainland China. By 2010, the number of tourists is expected to nearly double to almost 30 million visitors per year. Approximately one billion people live within a three-hour flight of Macau. With the disposable income of the average Chinese on the rise, Macau's gaming and entertainment market is expected to grow for years to come. Macau is the only area in China where gambling is legal.

About Advansys

Advansys ( http://www.advansys.si ) is dedicated to the development of top of the line, innovative systems for the gaming industry. With extensive experience in gaming and a large body of knowledge in IT systems, Advansys brings together the best of two worlds. As the gaming industry develops, Advansys offers its clients the advantage of in-depth know-how of the gaming business, industry procedures and regulations. Its software solutions integrate the customer needs with the specialized know-how, while maintaining the innovative approach to new product and services development. Advansys products also excel in reliability, scalability and customer support. Even though its deliveries are made to support the most mission-critical casino processes, Advansys builds its sales strategy on extremely competitive pricing.

About PacificNet

PacificNet, Inc. ( http://www.PacificNet.com ) is a leading provider of gaming and mobile game technology, e-commerce, and Customer Relationship Management (CRM) in China. PacificNet's gaming products are specially designed for Chinese and Asian gamers with focus on integrating localized Chinese and Asian themes and content, advanced graphics, digital sound effects and popular domestic music, with secondary bonus games and jackpots. PacificNet gaming products include: Multi-player Electronic Table Games - Baccarat, Sicbo, Fish-Prawn-Crab, and Roulette machines, Server-Based Games (SBG) with multiple client betting stations, slot and bingo machines, Video Lottery Terminals (VLTs), Amusement With Prizes (AWP) machines, gaming cabinet and client/server system designs, online i-gaming software design, and multimedia entertainment kiosks. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Asia, and Europe, while ecommerce and CRM clients include the leading telecom companies, banks, insurance, travel, marketing and business services companies and telecom consumers in Greater China such as China Telecom, China Mobile, Unicom, PCCW, Hutchison Telecom, Bell24, Motorola, Nokia, SONY, TCL, Huawei, American Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, China and Hong Kong government. PacificNet employs about 1,200 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shanghai, Shenzhen, Guangzhou, Macau and Zhuhai China, USA, and the Philippines.

About PacificNet Games

PactGames ( http://www.PactGames.com ) is a leading casino gaming equipment supplier in Asia. PactGames provides gaming technology solutions and services for leading hotels, casinos and slot halls within Macau and other Asian gaming markets. PactGames also designs, develops, and deploys casino gaming related products, such as video slot machines, Asia's popular multi-player electronic gaming machines, casino management systems and online gaming platforms. PactGames has an innovative development team and works in a close synergy with customers and gamers. PactGames is based in Macau, with offices and operations in China, Hong Kong and the Philippines.

PactGames Products:

-- Casino Slot machines

-- Multiplayer Electronic Gaming Machines

-- Electronic Table Solution

-- Casino Management System

-- Online Gaming Platform

PactGames Business Scopes:

-- Sales & Marketing of gaming machines, casino management systems, and

various gaming related accessories.

-- Build and develop casino gaming machines & equipments.

-- Provide consultancy service & solutions, technical support ranging

from machines installation and repair service.

-- Research & Development.

-- Participation in Casino operations.

-- Provide gaming interactive gaming platforms and game contents for on-

line casinos.

-- On-line gaming operations.

Safe Harbor Statement

This Company's announcement contains forward-looking statements. We may also make written or oral forward-looking statements in our periodic reports to the SEC on Forms 10-K, 10-Q, 8-K, etc., in our annual report to shareholders, in our proxy statements, in press releases and other written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, PacificNet's historical and possible future losses, limited operating history, uncertain regulatory landscape in China, and fluctuations in quarterly and annual operating results. Further information regarding these and other risks is included in PacificNet's Form 10K and other filings with the SEC.

Source: PacificNet, Inc.
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