Partnership Enables PacificNet Games to Rapidly Expand Gaming
Product Lines via Partnership Agreement with Casino Management
System Leader. MACAU, China, Sept. 13 /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 PacificNet
Games ( http://www.pactgames.com/ ) subsidiary has signed a
strategic alliance partnership agreement with leading casino
management system provider Advansys ( http://www.advansys.si/ ).
Through this partnership, PacificNet Games will deploy Advansys
products in multiple Asian markets, customize existing products to
meet local gaming requirements and co-develop new casino management
systems for Asian casinos. PactGames currently carries a wide range
of gaming product lines, including EGT Series and CyberCash Series
Slot machines, Virgin Series MultiPlayer Casino gaming machines,
eTable Series Multiplayer casino gaming machines, and the Evona
series casino roulette. This partnership with Advansys adds to this
product line a world-class casino management system, giving
PactGames a complete and strengthened product line. Other suppliers
of casino management systems include IGT, Aristocrat, BallyTech,
and Progressive Gaming. The Advansys casino management system
includes slot accounting, cage management, player tracking, slot
marketing, and slot machine maintenance. This summer, Advansys
launched SlotScanner(TM) Ticketing, which is used for the
management of Ticket-In, Ticket-Sut (TITO) slot operations in place
of traditional coins. SlotScanner(TM) Ticketing is an upgrade to
SlotScanner(TM) Accounting & Cage and operates on all slot
machines that support reading and printing of cash-out tickets.
Ticketing is very popular with players that value the privacy of
their play, simplicity of use and instant transfer of credits from
one machine to another. SlotScanner(TM) Ticketing is a solution for
operators who want to increase the efficiency and profitability of
their slot floor by reducing or eliminating hopper fills and
decreasing labor costs. Advansys has seen strong demand for all of
its casino management products due to Asian operators facing
growing competition, which is bringing an increased need for casino
efficiency and a stronger push to gain player loyalty. Tony Tong,
Chairman and Chief Executive Officer of PacificNet, said "We highly
respect Advansys' strength and knowledge in casino management
systems. We are excited about the features, quality and income
generation potential of Advansys's gaming products. We think
Advansys's gaming products are complementary to PacificNet Games'
multi-player electronic gaming machine product lines and we believe
that Advansys' gaming products will further enhance PacificNet's
position to become a leading gaming technology provider in Asia.
With our mature gaming product line, strong presence and
installation base, this partnership with Advansys will greatly
enhance PacificNet's efforts to expand penetration of our products
in Asia and the rest of the world." As of the end of 2006, Macau (a
Special Administrative Region of the People's Republic of China)
has become the largest and fastest-growing gaming market in the
world, and has surpassed the Las Vegas Strip in total revenues.
According to statistics provided by Macau government, in 2006,
Macau's gaming revenues reached US$7 billion (MOP 56.2 billion
patacas), surpassing the Las Vegas Strip gaming revenues of US$6.6
billion. Macau borders Zhuhai City of Guangdong Province of China,
one of the country's wealthiest and most developed regions and is
an hour away from Hong Kong via ferry. In 2006, the number of
tourists visiting Macau reached an all-time record of 22 million,
an increase of 17 percent compared with 2005, of which 55%, or 12
million visitors, were from mainland China. By 2010, the number of
tourists is expected to nearly double to almost 30 million visitors
per year. Approximately one billion people live within a three-hour
flight of Macau. With the disposable income of the average Chinese
on the rise, Macau's gaming and entertainment market is expected to
grow for years to come. Macau is the only area in China where
gambling is legal. About Advansys Advansys (
http://www.advansys.si/ ) is dedicated to the development of top of
the line, innovative systems for the gaming industry. With
extensive experience in gaming and a large body of knowledge in IT
systems, Advansys brings together the best of two worlds. As the
gaming industry develops, Advansys offers its clients the advantage
of in-depth know-how of the gaming business, industry procedures
and regulations. Its software solutions integrate the customer
needs with the specialized know-how, while maintaining the
innovative approach to new product and services development.
Advansys products also excel in reliability, scalability and
customer support. Even though its deliveries are made to support
the most mission-critical casino processes, Advansys builds its
sales strategy on extremely competitive pricing. 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 ecommerce 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. About PacificNet Games PactGames (
http://www.pactgames.com/ ) is a leading casino gaming equipment
supplier in Asia. PactGames provides gaming technology solutions
and services for leading hotels, casinos and slot halls within
Macau and other Asian gaming markets. PactGames also designs,
develops, and deploys casino gaming related products, such as video
slot machines, Asia's popular multi- player electronic gaming
machines, casino management systems and online gaming platforms.
PactGames has an innovative development team and works in a close
synergy with customers and gamers. PactGames is based in Macau,
with offices and operations in China, Hong Kong and the
Philippines. PactGames Products: -- Casino Slot machines --
Multiplayer Electronic Gaming Machines -- Electronic Table Solution
-- Casino Management System -- Online Gaming Platform PactGames
Business Scopes: -- Sales & Marketing of gaming machines,
casino management systems, and various gaming related accessories.
-- Build and develop casino gaming machines & equipments. --
Provide consultancy service & solutions, technical support
ranging from machines installation and repair service. -- Research
& Development. -- Participation in Casino operations. --
Provide gaming interactive gaming platforms and game contents for
on- line casinos. -- On-line gaming operations. 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: Becky Zhao Tel: +86-10-5922-5000 23rd
Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang District
Beijing, China 100028 PacificNet Shenzhen office: Alin Chen Tel:
+86-755-3322-2088 Room 4203, JinZhongHuan Business Center, Futian
District Shenzhen, China 518040 PacificNet Macau office: Tel:
+853-2870-4154 Unit A-C, 12th Floor, Edificio Commercial I Tak, No.
126, Rua Da Pequim Macau, China DATASOURCE: PacificNet, Inc.
CONTACT: Jacob Lakhany of the PacificNet USA office,
+1-605-229-6678; Becky Zhao of PacificNet Beijing office, 23rd
Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang
District, Beijing, China, 100028, +86-10-5922- 5000; Alin Chen of
PacificNet Shenzhen Office, Room 4203, JinZhongHuan Business
Center, Futian District, Shenzhen, China, 518040,
+86-755-3322-2088; PacificNet Macau office, Unit A-C, 12th Floor,
Edificio Commercial I Tak, No. 126, Rua Da Pequim, +853-2870-4154
Web site: http://www.pactgames.com/ http://www.advansys.si/
http://www.pacificnet.com/
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