omniture

PacificNet's Subsidiary Delivers 100 Electronic Gaming Machines to a Leading Operator in Europe

2007-03-01 10:42 1000

BEIJING, March 1 /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 that it's Take1

Technologies ("Take1") subsidiary has delivered 100 electronic gaming 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. Terms of the agreement were not

disclosed.

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 Tony Tong, Chairman and CEO of PacificNet. "With our new

focus on the rapidly growing gaming market, we will continue to pursue

becoming a leading provider of electronic gaming machines, electronic multi-

player table games, slot machines, VLT and bingo machines to the gaming

operators and 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 and other gaming technology products at the 6th

International Gaming & Entertainment Expo (Gaming 2007) in Macau, China, March

14-16 (www.gaming-exhibition.com), at the Macau Tower Convention &

Entertainment Centre. In addition, PacificNet will be presenting and

exhibiting its latest Multiplayer Electronic Gaming Machines (EGM), Slot

Machines and other gaming technology products at the GEM Gaming &

Entertainment Plus Leisure Expo 2007 in Manila, Philippines, March 21-23

(www.AsianGemPhil.com), at the World Trade Center, Booth P52, March 21-23,

2007. The Expo is sponsored by the Asian Gem & Tourism Foundation, Inc. and is

presented by the PAGCOR Casino Filipino. In addition to its exhibition booth,

PacificNet Games is scheduled to present its Macau success story of its high-

return electronic multi-player gaming machines at the "Gaming & Investment

Conference" at the Hyatt Hotel & Casino Manila on March 21.

About PacificNet

PacificNet, Inc. (http://www.PacificNet.com) 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 has

headquarters in Beijing and Hong Kong.

Take1 Technologies (http://www.take1technologies.com), a member of

PacificNet group, 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, client-

server systems and cabinets. Take1 is a leading designer, developer and

manufacturer of multimedia entertainment and communication kiosk products

including photo and video entertainment kiosks, digital camera photo

development stations, multimedia messaging services (MMS) and mobile content

download stations for mobile phones, and other coin-operated peripherals and

consumables. Take1 Technologies is based in Hong Kong and markets and

distributes its products around the world including the USA, Canada, Mexico,

Europe, China, and Southeast Asia.

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.

PacGames products include multi-player electronic gaming machines such as

Baccarat, Fish-Prawn-Crab, Sib-Bo Cussec, Roulette, and other multi-player

electronic gaming machines, as well as other traditional slot machines.

PacificNet's software R&D and outsourcing unit, 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 high-end client-server application software, internet e-

commerce software, online and casino gaming systems and slot machines, banking

and telecom applications using Microsoft Visual C++, Java, and other rapid

application development tools.

Safe Harbor Statement

This Company's announcement contains forward-looking statements.

Statements that are not historical facts, including statements about our

beliefs and expectations, are forward-looking statements. Forward-looking

statements involve inherent risks and uncertainties. Potential risks and

uncertainties include, but are not limited to, PacificNet's possible future

losses, uncertain regulatory landscape in China, and fluctuations in quarterly

operating results. Further information regarding these and other risks is

included in PacificNet's Form 10KSB 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, Tower A, TimeCourt, No.6 Shuguang Xili, Chaoyang District,

Beijing, China 100028

PacificNet Take1 Shenzhen Office: Room 4203,

JinZhongHuan Business Center, Futian District, Shenzhen, China. Postal

Code: 518040

Source: PacificNet, Inc.
Related Stocks:
NASDAQ:PACT
Keywords: Food/Beverages
collection