PacificNet's Take1 Electronic Bingo Machines Receive Rave Reviews at the Global Gaming Expo (G2E) Las Vegas

PacificNet, Inc.

2007-11-15 13:22 2486

PacificNet's Take1 Electronic Bingo Gaming Machine

Receives TST Certification for Gaming Accreditation

LAS VEGAS, Nov. 15 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming technology, Customer Relationship Management (CRM) and e-commerce in China, announced today that its Take1 Technologies ("Take1") subsidiary has unveiled a new line of gaming machine products, Electronic Bingo Machines, at the Global Gaming Expo (G2E) Las Vegas. The electronic bingo machines were given positive reviews upon their initial presentation to several leading bingo halls and gaming operators. G2E ( http://www.globalgamingexpo.com ) is the world's largest and premier gaming event where gaming executives, buyers, and industry professionals meet each November in Las Vegas to conduct serious business. It is the most in-depth source of new products, networking, ideas and information on the planet. G2E showcases 750+ exhibitors, 100+ conference sessions, exciting special events and F&B at G2E, the only F&B event for the gaming industry.

In addition, Take1 Electronic Bingo Machines have recently received certification by one of the leading gaming accreditation testing services, the TST (Technical Systems Testing – http://www.tstglobal.com ) Certification. This certifies that TST has verified, through mathematical and statistical analysis, that the Take1 Electronic Bingo Machines operate with sufficient non-predictability, fair distribution and lack of bias to particular outcomes and complies with generally accepted industry standards for highly regulated jurisdictions. As an internationally recognized Accredited Testing Facility, TST offers a full range of testing and consultation services for terrestrial (traditional / land-based) and interactive-based gaming, wagering, lottery, e-commerce and information technology industries, to ensure that gaming operates in a manner that is fair, secure and auditable. TST's services are delivered by a multi-disciplined team of trained computer scientists, engineers, mathematicians and information systems auditors, possessing first hand knowledge and experience in today's leading edge technologies. TST provides an impartial service that is renowned for its probity and fair dealing.

"We are delighted to unveil our newest bingo gaming products from our Take1 subsidiary after two years of research and development on this product line," said Victor Tong, President of PacificNet. "Furthermore, the certification by TST, one of the most highly respected gaming equipment testing firms, displays the level of quality to which our machines adhere and assures both casino operators and players alike that our bingo machines operate fairly. Electronic bingo machines are a big hit with both bingo hall operators, because of their increased revenues and efficiencies, and bingo players, because of their ease of use, faster games and fun features. Several major bingo hall operators in Europe have tested our electronic bingo machines and their response was overwhelmingly positive. These machines are also a good fit with our new Asian gaming focus. I am very happy with the synergy shown by our subsidiary companies who worked together to come up with this product and we are very excited to get them on the market."

PacificNet's Take1 subsidiary has been in the business of designing and manufacturing electronic multimedia entertainment kiosks. Software for the machines was co-developed by PacificNet's software outsourcing unit Pacific Solutions Technology, one of the CMM Level 3 certified software development centers with over 200 software programmers located in Shenzhen, China. PacificNet's Take1 Electronic Bingo Machines are played much like traditional bingo, but without the hassle of paper cards and mess of ink blotters. The Take1 Bingo Machines are based on a client-server computer network architecture and players can buy electronic bingo tickets using one of the many electronic bingo terminals (or client betting stations) situated in a variety of electronic bingo sales outlets. This automation allows for players to play more games faster and to play from any location that's linked to the central electronic bingo server, thus increasing the bingo operator's revenue.

Bingo is a game of chance where randomly-selected numbers are drawn and players match those numbers to those appearing on 5x5 matrices which are printed or electronically represented and are known as "cards." The first person to have a card where the drawn numbers form a specified pattern is the winner and calls out "Bingo!" to alert others to the win. Bingo is a game used for legalized gambling in some countries. Bingo is a form of lottery which can be traced back to a game called Lotto, played in Italy in 1530. When Italy was united in 1530, the Italian National Lottery Lo Giuoco del Lotto d'Italia was organized, and has been held, almost without pause, at weekly intervals to this date. Today the Italian State lottery is indispensable to the government's budget, with a yearly contribution in excess of 75 million dollars.

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.

PacificNet's Major Operation Subsidiaries:

-- PacificNet Games Limited ( http://www.PactGames.com ), is a leading provider of Asian multi-player electronic gaming machines, gaming technology solutions, gaming related maintenance, IT and distribution services for the leading hotel, casino and slot hall operators based in Macau, China and other Asian gaming markets.

-- Take1 Technologies ( http://www.take1technologies.com ), is in the business of designing and manufacturing electronic multimedia entertainment kiosks, coin-op kiosks and machines, Electronic Gaming Machines (EGM), bingo and slot machines, AWP (Amusements With Prizes) games, server-based downloadable games systems, and Video Lottery Terminals (VLT) such as Keno and Bingo machines, including hardware, software, and cabinets.

-- Pacific Solutions Technology, is a CMM Level 3 certified software development center with over 200 software programmers located in Shenzhen, China, and specializes in the development of client-server systems, internet e-commerce software, online and casino gaming systems and slot machines, as well as banking and telecom applications using Microsoft Visual C++, Java, and other rapid application development tools.

-- PacificNet Epro ( http://www.EproTel.com.hk ): CRM Call Center and Customer Services Outsourcing

-- PacificNet Clickcom ( http://www.clickcom.com.cn ), MOABC.com : VAS, SP,( SMS, WAP)

-- Guangzhou Wanrong ( http://www.my2388.com ): VAS, SP, (SMS, MMS, IVR, WAP, Java Games)

-- PacificNet Communications Limited, iMobile, ( http://www.imobile.com.cn , http://www.18900.com, wap.17wap.com)

Safe Harbor Statement

This Company's announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Potential risks and uncertainties include, but are not limited to, PacificNet's possible future losses, uncertain regulatory landscape in China, and fluctuations in quarterly operating results. Further information regarding these and other risks is included in PacificNet's Form 10KSB and other filings with the SEC.

For more information, please contact:

PacificNet USA Office:

Jacob Lakhany

Tel: +1-605-229-6678

PacificNet Beijing Office:

Becky Zhao

Tel: +86-10-5922-5000

23rd Floor, Building A, TimeCourt,

No.6 Shuguang Xili, Chaoyang District,

Beijing, China 100028

PacificNet Shenzhen Office:

Alin Chen