-- PacificNet to Present at the Global Interactive Gaming Summit & Expo,
June 5-7, Montreal, Canada
MACAU, China, June 6 /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 Pacificnet Games (PactGames) will be exhibiting its
Asian gaming technology products at the Global Gaming Expo (G2E)
http://www.g2easia.com in Macau on June 13-14, in Booth 307 & 308 at the Macau
Tower Convention & Entertainment Centre in Macau SAR, People's Republic of
China. Concurrently, PactGames will host a cocktail reception for the opening
of its new Macau office as well as making private presentations on its latest
Asian gaming products at its showroom in Macau which is right next to the
Landmark Hotel.
From the organizers of the Global Gaming Expo (G2E), the world's premier
gaming event, the G2E Asia offers a rare opportunity to see the latest gaming
products from the largest selection of manufacturers and suppliers in Asia
including IGT Asia, Aristocrat Technologies, PactGames, WMS, Shuffle
Master/Stargames, Bally Technologies, Konami Australia, as well as others.
Networking and sharing ideas on current gaming issues will be a focus of the
event, as will the exhibit and showcasing of new gaming products for the Asian
market. The G2E Asia is the premier showcasing event for Asian gaming products,
as the G2E in Las Vegas is the premier event for Western gaming.
"I am happy to have been invited to speak at this event and share our
experience and expertise on the growing needs and trends of the Asian gamers,"
said Victor Tong, President of PacificNet. "As Asia has evolved to be the
fastest growing gaming market, we believe this is a great opportunity for us
to share our vision and showcase our Asian-themed gaming products to other key
players in the gaming industry. The Asian gaming market in Macau is growing at
an amazing rate and, according to the Macau government, the number of visitors
is expected to double by 2010. As such, we believe there will be a growing
need for Asian-themed games in the near future, and we believe our games will
better meet the needs and wants of Asian gamers."
Also this week, PacificNet's President, Mr. Victor Tong, will be making a
presentation on the topic of designing games for Asian players, at 9.30 am on
June 7, at the Ninth Annual Global Interactive Gaming Summit & Expo, June 5-7
( http://www.GIGSE.com ), at the Palais des Congres, Montreal, QC, Canada.
The Global Interactive Gaming Summit draws I-gaming companies from over 60
countries. The three day conference and tradeshow includes the exploration of
current events in the industry, stimulating debates, seminars, exhibits, and
networking sessions. The summit draws presenters and attendees from some of
the leading companies in the gaming industry, including Microgaming, Playtech,
CryptoLogic, WagerWorks (An IGT company), First Cagayan, etc. For more
information on this event, please see http://www.GIGSE.com.
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 exceeded 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. At the end of 2006, there were 22 casinos,
83 hotels and similar establishments in Macau with close to 13,000 rooms. 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. Numerous hotels, gaming, and other projects are in the works
in Macau which are expected to add over 10,000 guest rooms and over 20,000
live entertainment seats in eight separate venues. The number of hotel-casinos
in operation and in development in Macau continues to grow, including well-
known Chinese names such as Galaxy and Melco, and famous Las Vegas names such
as the Sands, the Venetian, Wynn Resort and Crown 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 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 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 1,200 staff in its various subsidiaries throughout China with
offices in Hong Kong, Beijing, Shanghai, Shenzhen, Guangzhou, Macau and Zhuhai
China, USA, and the Philippines.
Gaming Products:
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's 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 Machines
-- Bingo and Keno Machines
-- Video Lottery Terminals (VLTs)
-- Server-Based Gaming Machines (SBG)
-- Amusement With Prizes (AWP) Machines
-- Online i-Gaming Software Development
-- Client-Server Gaming Systems
-- CMM Level 3 Certified Gaming Software Development Center in China with
200 Professional Software Developers
-- Gaming Systems, Cabinet Design and Sales, Parts Sales, OEM Games. We
design and sell gaming machine cabinets, replacement parts.
PacificNet's Business Units:
1. Gaming Technology: Electronic Gaming Machines, Mobile Games, i-Gaming
Software.
2. Legacy Business: CRM, E-commerce and Telecom Products
PacificNet's Major Operation Subsidiaries:
-- 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.
-- 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, http://wap.17wap.com)
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.
For more information, please 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 Macau office:
Tel: +853 28704154
Unit A-C, 12th Floor, Edificio Commercial I Tak, No. 126, Rua Da Pequim,
Macau, China.
