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PacificNet Games' New Gaming Machines Received Rave Reviews at the Asia GEM 2007 Gaming Show

2007-03-26 09:31 1394

Company Launches New Gaming Machines for the Philippine Market and Received Positive Reviews from Asia's leading gaming operators

MANILA, Philippines, March 24 /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 subsidiary, PacificNet Games Limited (PacGames), successfully

presented its latest Multiplayer Electronic Gaming Machines (EGM), Sic-Bo

Machines, Baccarat Machines, Roulette Machines, and Slot Machines at the GEM

Gaming & Entertainment Plus Leisure Expo 2007 in Manila, Philippines, March

21-23 (http://www.AsianGemPhil.com). The machines received rave reviews from

some of the leading casino operators in Asia including praise from Philippine

Amusement and Gaming Corporation (PAGCOR) Casino Filipino Chairman, Efraim

Genuino. PAGCOR is the Philippines' largest gaming operator. In addition to

its exhibition booth, PacificNet Games also shared its Macau success story of

its high-return multi-player gaming machines at the "Gaming & Investment

Conference" on the first day of the conference.

While visiting PacificNet Games' exhibition booth, PAGCOR Chairman Efraim

C. Genuino commented, "We welcome your effort in launching your gaming

machines for the high growth Philippine market. As one of the leading gaming

markets in Asia, we believe the Philippines will present huge opportunities

for the leading gaming technology providers from all over the world."

Tony Tong, Chairman and CEO of PacificNet, said, "We are thankful to

PAGCOR and Chairman Efraim Genuino for giving us this excellent opportunity to

showcase our gaming products to PAGCOR and other operators and key players in

the Philippine casino and gaming market. The Philippine gaming market is even

bigger than Macau in terms of gaming machine installations and presents huge

opportunities for PacificNet Games. This is the first time PacificNet has had

a chance to showcase our latest gaming products at a leading international

gaming expo in the Philippines. We believe the Philippine market will

continue to grow rapidly as one of the top destinations for Chinese tourists

from China, Taiwan, Hong Kong and Macau, since it is only a 2 hour flight from

Manila to Hong Kong."

"After achieving early success in the Macau gaming market we believe that

we are ready to expand into other parts of Asia as we see strong demand and

opportunities for growth in other Asian gaming markets," said Victor Tong,

President of PacificNet. "We are satisfied with our success in Macau as we

have quickly become one of the leading local suppliers of gaming machines to

some of the most famous casinos in Macau and Asia. PacGames' multi-player

Electronic Gaming Machines have quickly proven to be one of the best

performing gaming machines designed for Asian players. We believe the Asian

gaming market has huge growth potential and that we are well positioned to win

more hotel-casino clients in order to capture a growing market share as a

leading gaming technology provider throughout Asia."

According to recent report by Global Gaming Business, Jeffries Wall

Street, the Philippine gaming market consists of about 5000 gaming machines,

over 620 gaming tables, and over 8500 positions, and represents the second

largest gaming market in Asia, after Macau.

About the Philippine Amusement and Gaming Corporation (PAGCOR)

The Philippine Amusement and Gaming Corporation

(http://www.casinofilipino-online.com) is a 100 percent government-owned and

controlled corporation created in 1977. PAGCOR is consistently the third

largest income-generating arm of the Philippine government. In 2006, PAGCOR

generated revenues of over 726 million USD.

PAGCOR currently operates 14 Casino Filipino branches in major cities

aside from slot machine arcades and Casino Filipino VIP clubs. Casino

Filipino branches offer internationally recognized games like Baccarat,

Blackjack, Roulette, Craps, Big & Small, Pai Gow Poker, Stud Poker, Pontoon,

Super 6 and slot machines.

About PacificNet

PacificNet Inc. (http://www.PacificNet.com) is a leading provider of

Customer Relationship Management (CRM), mobile Internet, e-commerce and gaming

technology in China. PacificNet's clients include the leading telecom

companies, banks, insurance, travel, marketing and business services companies

and telecom consumers in Greater China. PacificNet's corporate clients include

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, Hong Kong Government, and leading hotel-

casinos in Macau and Asia. PacificNet employs over 1,400 staff in its various

subsidiaries throughout China with offices in Hong Kong, Beijing, Shenzhen,

Guangzhou, Macau, and branch offices in 28 provinces in China and is

headquartered in Beijing and Hong Kong.

PacificNet Games Limited (PacGames), 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.

PacGames products include multi-player electronic gaming machines (EGM), slot

machines, server-based downloadable games systems, Video Lottery Terminals

(VLT) and bingo machines, including hardware, software, and client-server

systems.

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.

Contact:

PacificNet USA office:

Jacob Lakhany, Tel: +1-605-229-6678

PacificNet Beijing office:

Ada Yu, Tel: +86 (10) 59225000

23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang District,

Beijing, China 100028

PacificNet Shenzhen Office:

Tel: +86 (10) 33222088

Room 4203, JinZhongHuan Business Center, Futian District,

Shenzhen, China 518040

PacificNet Games Limited Macau Office:

Av. Do Dr. R. Rodrigues No. 600E, Edif, First International Commercial

Center, P906, Macau

Tel: +853-28704154 Fax: +853-28704154

Source: PacificNet, Inc.
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