BEIJING, Feb. 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 Octavian International Limited ("Octavian") subsidiary has secured a 3 million euro order from MaxBet, a leading casino operator in Europe with operations in Russia, Ukraine, Belarus, Romania and Georgia.
Octavian International has finalized a deal with their existing customer, MaxBet, where Octavian Europe will supply an initial order of AGI Gaminator(R) machines with an order valued at more than EUR3 million. The highly popular Gaminator machines, destined for gaming venues in Belarus, Georgia, Romania and Ukraine, are scheduled for delivery within the next four weeks.
Octavian will supply each of the Gaminators complete with Novomatic game content, which have a proven track record as being the best performing electronic gaming machines ("EGMs") in the region.
Avi Barel, Chief Executive Officer at MaxBet said, "As an existing customer we have come to rely on Octavian for their speed of delivery, competitive pricing, post sales support, and continuity of supply. By being able to promptly deliver the latest top-brand gaming equipment at the right price to our customers, MaxBet is adding an essential ingredient for strong growth in the gaming industry in this region."
Robert Dykstra, General Manager, Octavian Europe added, "MaxBet is experiencing growing demand for Octavian supplied gaming machines as their growth and expansion continues."
About PacificNet
PacificNet, Inc. (Nasdaq: PACT) is a leading provider of gaming and mobile game technology worldwide. Having established itself with e-commerce and Customer Relationship Management (CRM) solutions for the Chinese market, the company has diversified to focus on systems and games development for the global gaming market. Through its highly experienced gaming subsidiaries including PactGames, Take1 Technologies and Octavian International, PacificNet is able to offer world-leading solutions in casino equipment supply and the development, installation and support of systems and game content for the casino, lottery and AWP markets. Positioning itself as the systems integrator for the gaming industry, with a special focus on the emerging markets, PacificNet enables customers to integrate gaming operations, linking electronic gaming machines, tables and larger networks so that operators can build efficient and highly attractive gaming operations that drive revenue growth and profit opportunity for operators and enhance the customer experience. PacificNet's gaming clients include leading hotels, casinos, and gaming operators in Asia, Europe, Latin America, Russia and other gaming markets around the world. The company employs around 1,800 staff in its various subsidiaries with offices in Argentina, Australia, China, Colombia, Germany, Hong Kong, India, Italy, Russia, Ukraine, UK and the US.
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.
