BEIJING, Feb. 14 /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 its Take1
Technologies ("Take1") subsidiary has been selected by a leading gaming
operator to provide 500 electronic slot machines to slot halls in Europe.
Since the introduction of its new line of electronic gaming machines (EGM),
Take1 Electronic Slot Machines, Amusement with Prizes (AWP) Machines, and
Electronic Bingo Machines, Take1 has received positive reviews by the slot,
AWP 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.
"We are delighted to receive another significant order by a leading gaming
operator. The selection of our Take1 electronic gaming machines by a leading
slot operator marks another big win for Take1 and further enhances
PacificNet's strong entrance into the global gaming market," said Victor Tong,
President 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, slot machines and bingo machines to the casino 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."
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.
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.
About Take1 Technologies
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.
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.
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 Take1 Shenzhen Office: Room 4203,
JinZhongHuan Business Center, Futian District, Shenzhen, China. Postal
Code: 518040
