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
