Company Receives Order by Leading European Slot and Amusement with Prizes (AWP) Operator
BEIJING, Jan. 16 /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 slot operator in Europe to provide electronic slot machines (aka electronic gaming machines, EGM). Since the introduction of the new line of slot machine gaming products, Take1 Electronic Slot and Amusement with Prizes (AWP) Machines, Take1 has received positive reviews by the slot and AWP operators in Europe. Phase one implementation includes 100 electronic slot machines. Terms of the agreement were not disclosed for competitive reasons.
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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 (Amusements 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 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 regulation changes in several European countries have opened the doors to more widespread electronic slot operators and PacificNet's Take1 subsidiary has had success in entering the European market as a provider of electronic slot machines.
"We are delighted to receive this order by a leading slot operator in Europe. The selection of PacificNet Game's electronic gaming machines by a leading European slot operator marks a big win for Take1 and further enhances PacificNet's strong entrance in the large European gaming market," 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, slot machines and bingo machines to the casino operators and gaming industry. We believe 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."
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.
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 ecommerce 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: +86-10-5922-5000
23rd Floor, Building A,
TimeCourt, No.6 Shuguang Xili,
Chaoyang District,
Beijing, China 100028
PacificNet Shenzhen Office:
Room 4203, Jinzhonghuan Business Building,
Futian District,
Shenzhen, China.
Postal Code: 518040
