omniture

PacificNet Subsidiary Delivers 200 Slot Machines to Gaming Operator in Europe

2007-06-05 10:48 533

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.

Source: PacificNet, Inc.
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