BEIJING, June 5 /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
Take1 Technologies ("Take1") subsidiary has delivered 200 electronic slot
machines to a leading gaming operator in Europe. Since the introduction of its
new line of electronic gaming machines (EGM), Take1 Electronic Slot Machines,
Amusement with Prizes (AWP) Machines, Video Lottery Terminal (VLT) Machines
and Electronic Bingo Machines, Take1 has received positive reviews by the
slot, AWP, video lottery and bingo operators.
PacificNet's Take1 subsidiary has been 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
(Amusement With Prizes) games, server-based downloadable game systems, and
Video Lottery Terminals (VLT) such as Keno and Bingo machines, including
hardware, software, client-server systems and cabinets. PacificNet's Take1
subsidiary is based in Hong Kong with offices and a hardware manufacturing
facility located in Shenzhen, China. Software for the Take1 bingo machines is
co-developed by PacificNet's software outsourcing unit, Pacific Solutions
Technology, a CMM Level 3 certified software development center with over 200
software programmers located in Shenzhen, China. Recent regulatory changes in
Europe and Asia have opened the door to more widespread electronic slot
operators and PacificNet's Take1 subsidiary has had success in entering the
European and Asian market as a provider of electronic slot machines.
"The selection of our electronic gaming machines by leading gaming
operators in Macau, Asia and Europe signifies PacificNet's strong entrance
into the global gaming market as a leading supplier of gaming products and
technologies," said Victor Tong, President of PacificNet. "With our new focus
on the rapidly growing gaming market, we will continue our pursuit of becoming
a leading provider of electronic gaming machines, electronic multi-player
table games, slot machines, Video Lottery Terminals (VLT) and bingo machines
to the gaming industry. We believe that we have the right gaming products,
software and hardware expertise, research and development center with CMM
Level 3 certification, local service staff, the right channels and
partnerships, and the experience that is necessary to succeed in this market.
We believe that PacificNet is poised to take advantage of the anticipated
upcoming replacement cycle for electronic gaming machines and the current
Asian and global gaming expansion."
PacificNet will be presenting its latest Multiplayer Electronic Gaming
Machines (EGM), Slot Machines, online i-gaming software and other gaming
technology products at the Ninth Annual Global Interactive Gaming Summit &
Expo, June 5-7 (http://www.GIGSE.com), at the Palais des Congres, Montreal,
QC, Canada. PacificNet President, Mr. Victor Tong, will be speaking at the
event on the topic of designing games for Asian players at 9:30 AM on June 7
at the GIGSE. http://www.gigse.com/2007/index.cfm/page/speakers
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), http://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.