PacificNet Joins Nasdaq Opening Bell Ceremony in Beijing, China

2007-04-05 21:03 838

BEIJING, China, April 5 /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 PacificNet Chairman & CEO, Mr. Tony Tong, participated in the NASDAQ Opening Bell ceremony with Mr. Robert Greifeld, President & CEO of the NASDAQ Stock Market, and Mr. Clark T. Randt, US Ambassador to China, on April 3, 2007 at 9:30 PM. This was broadcast live at 9.30 AM EDT and was the first time that the NASDAQ has had a remote opening bell ceremony in China.

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Mr. Tong shared a summary of the Company's China operations and a brief history of PacificNet's operation in China since the Company's listing on the Nasdaq in July 2000.

"We are honored to participate in this symbolic opening bell ceremony," said Mr. Tong. "Having been listed on the Nasdaq for almost 7 years, we feel we are in a unique position to share both the challenges and potential returns that the rapidly growing Chinese economy brings to the table. We believe the Asian market, the Asian gaming market in particular, has huge growth potential. Macau has become the fastest growing part of China and we are very excited to be moving forward in our pursuit of the Macau gaming technology business."

About PacificNet

PacificNet, Inc. ( ) 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.

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: +86-10-5922-5000

23rd Floor, Building A, TimeCourt,

No.6 Shuguang Xili, Chaoyang District,

Beijing, China 100028

PacificNet Shenzhen Office:

Tel: +86-10-3322-2088

Room 4203, JinZhongHuan Business Center,

Futian District,

Shenzhen, China 518040

Source: PacificNet, Inc.
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Keywords: Food/Beverages