- New agreement to enhance PacificNet iMobile's distribution partnership with Motorola and provide exclusive distribution on certain MOTO accessories in China
BEIJING, Sept. 19 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming and mobile game technology, e-commerce, and Customer Relationship Management (CRM) in China, announced today that its subsidiary, iMobile, has signed a new agreement with Motorola (China) to become an authorized distributor of MOTO accessory products for the MOTO Customer Service Network and MOTO Branded Stores, as well as channels in the South Region of China (Guangdong, Guangxi, Fujian, Jiangxi and Hainan). iMobile has allied with two major regional distributors, Guangzhou Sono Communication Technology Co., Ltd. and ShenZhen JianKun Technology Co., Ltd., and formed an alliance under the name "iPACT" to better serve customers and increase market share.
On Sept. 3rd, PacificNet iMobile and Motorola (China) jointly organized a strategic meeting for the South Region at the LiuHua Hotel Exhibition Centre in the city of Guangzhou and invited more than 100 mobile industry representatives and VIP guests from major retail channels in the region to participate. During the meeting, senior officers of Motorola (China) communicated the new strategies of the MOTO accessories business to the participating guests as well as the new product releases of MOTO in the coming quarters. The highlight of the day featured the new MOTO Bluetooth H555 Headset (exclusively distributed by iPACT in China) and other new products showcased in a catwalk model show during the event. iPACT also gave a presentation on MOTO after-service providers, MBS channels and new distributors for the South Region while promising to fully support and cooperate with MOTO in the implementation of the new strategies.
Liu Lei, President of iMobile, said, "PacificNet iMobile provides comprehensive services with logistics and distribution systems covering nearly 2,000 cities all over China, while Motorola (China) is one of the leading companies in the world. This new cooperation will be very good for both of us. I believe that resource integration will help to open up a wider range of the market and maximize the advantages of both company's products and services which will promote the two companies into a win-win situation."
"We are delighted to enter into a new agreement with Motorola which signifies a closer partnership between PacificNet iMobile and Motorola, the mobile industry leader," said Tony Tong, Chairman and CEO of PacificNet. "We are happy to have such an opportunity to cooperate with Motorola (China) and feel confident in the future sales performance and development prospects. On the solid foundation of our cooperation in the past, we are creating high growth points for both of us."
About iMobile
PacificNet's iMobile subsidiary (http://www.imobile.com.cn and http://www.18900.com) is the leading internet e-commerce distributor of mobile products in China. They provide Internet, email, customer service centers, pre- and post-sale services, logistics and Cash On Delivery (COD) services to mobile consumers in China. iMobile's 18900.com e-commerce operations combine online internet services with its offline customer services network composed of a nationwide chain of logistic and customer service centers covering 21 provinces and 40 major cities in China including Beijing, Shanghai, Chongqing, Tianjin, Chengdu, Dalian, Qingdao, Guangzhou, Shenzhen, Zhuhai, Dongguan, Hangzhou, Suzhou, Ningbo, Wenzhou, Nanjing, Wuhan, Xian, Harbin, Qiqihaer, Hunan and Changsha. iMobile has developed into the largest online mobile phone sales company in China and has partnered with Sina, Netease, China.com, joyo.com, and 263.net on e-commerce cooperation. iMobile's 18900.com operation is the designated Internet distributor for Motorola, Nokia, and NEC's mobile products in China.
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.
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.
