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PacificNet CEO and President Both Named to Global Gaming Business Magazine's 2008 '25 People to Watch' List

2008-01-05 03:49 995

MACAU, China, Jan. 7 /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 CEO, Mr. Tony Tong, as well as its President, Mr. Victor Tong, have been named to the 2008 "25 People to Watch" List compiled by Global Gaming Business Magazine. One of the most prestigious honors in the gaming industry, the sixth annual "25 People to Watch" highlights individuals who will have a major impact on the gaming industry in the next year.

"I am very honored to be included in this prestigious list," said Tony Tong, PacificNet CEO. "It is nice to see that the gaming world is recognizing our progress and potential for growth in 2008. I plan to fulfill this honor by leading PacificNet to becoming a leading supplier of gaming products and technology worldwide."

Victor Tong, PacificNet President, added, "To be included in this list of the top movers and shakers in gaming is quite an honor. I believe it is a testament to our products and our strategy. We've had much exciting news lately, including our expansion into the China's Welfare Lottery industry as well as the recently announced acquisition of Octavian International. We are very excited about the prospects for 2008 and look forward to capturing a greater market share and building shareholder value for our investors."

For the full text of the 2008 "25 People to Watch" List, please see: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-04-2008/0004730517.

About PacificNet

PacificNet, Inc. (http://www.PacificNet.com) is a leading provider of gaming and e-lottery 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. Through its Chinese subsidiary, PacificNet is also a legally licensed provider and sales agent for the legalized welfare lottery gaming in the People's Republic of China. PacificNet gaming products include: Multi-player Electronic Table Games, 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, legal lottery and gaming operators in China, Macau, Asia, and Europe, while e-commerce 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 1,500 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 Global Gaming Business Magazine

Global Gaming Business is the leading trade magazine published monthly focusing on the casino gaming industry worldwide. Global Gaming Business is an official publication of the American Gaming Association and Global Gaming Expo (G2E). Global Gaming Business also publishes GGB Weekly, a comprehensive weekly e-news magazine; Tribal Government Gaming, an annual publication covering Indian gaming; Casino Design, an annual magazine covering design and construction trends in gaming; RD&E, an annual report on the non-gaming amenities in the casino and resort industries; and Casino Connection, two monthly magazines for employees and executives of the Atlantic City and Nevada gaming industries.

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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