MACAU, China, Feb. 1 /Xinhua-PRNewswire/ -- PacificNet, Inc. (NASDAQ: PACT), a leading provider of gaming technology, Customer Relationship Management (CRM) and e-commerce in China, announced today that its CEO, Mr. Tony Tong, will present at the 6th Annual Asian i-Gaming Conference (AiG) and Expo in Macau, China, February 26-28, 2008, the leading interactive gaming event in Asia. Mr. Tong will give a presentation titled "China's Legal Gaming Market Overview and Opportunities - Welfare and Sports Lottery" at 5PM on February 27, 2008. The AiG 2008 ( http://www.aigcongress.com/ ) is the only industry conference in Asia that focuses solely on interactive gaming in Asia. Asia has become a hotbed for the gaming industry and revenue from casinos and other regulated gaming activities in Asia is expected to grow 14% a year from 2005 to 2010, the fastest pace in the world (PWC). The AiG 2008 is set to be the biggest and best yet, with over 200 attendees and around 50 speakers. Speakers include Mr. Francis Lui, Deputy Chairman of Galaxy Entertainment Group, who will deliver the keynote address, Douglas Morin of Bear Stearns, Professor Desmond Lam of University of Macau, Sam Woelm of CY Foundation, Dennis Valdes of PhilWeb Corporation - Philippines, and representatives from the Macau Gaming Control Board and Hong Kong Jockey Club. The event sees an extended conference with streams and two pre-conference summits on marketing and investment, as well as a larger exhibition to help facilitate the networking opportunities the industry needs. In 2008, PacificNet and its gaming subsidiaries will focus on emerging gaming markets worldwide including Asia, South America and Europe. Specific markets will include the UK, Russia, Ukraine, Italy, Germany, Argentina, Colombia, India, Australia, Cambodia, the Philippines and most notably, Macau, China. PacificNet has chosen to focus on emerging markets due to their projected growth and low barrier to entry. PacificNet Games ( http://www.pactgames.com/ ), a subsidiary PacificNet, is a leading supplier of electronic gaming machines in Macau. PactGame's multi- player gaming machines are widely accepted in some of the most popular casinos in Macau, including SJM, Casino Lisboa, Galaxy Casino, Holiday Inn Macau, Greek Mythology, and Jai-Alai Casino, as well as in the Philippines. According to Macau government statistics, casinos in Macau raked in more than US$10.3 billion (euro7.11 billion) in gaming revenue in 2007, an increase of 46 percent over the previous year as Las Vegas operators rushed to open luxury resorts targeting China's newly wealthy. Macau, the only place in China where casino gambling is legal, overtook the Las Vegas Strip as the world's top gambling center in 2006. During 2006, the 24 casinos in Macau rang up US$6.95 billion in gaming revenue, while the Strip made US$6.69 billion, regulators in the cities said. Macau, a former Portuguese territory and now a special administration region of China, added four new casinos in 2006 and is now rivaling the entire U.S. state of Nevada in gaming revenue, according to figures posted on the Web site of Macau's Gaming Inspection and Coordination Bureau. Nevada reported gaming revenues of US$12.7 billion (euro8.77 billion) for the year to Nov. 30, 2007, according to the state's Gaming Control Board. Openings in Macau last year included the massive US$2.4 billion (euro1.66 billion) Venetian Macao resort, operated by billionaire Sheldon Adelson's Las Vegas Sands Corp., and the MGM Grand, a joint venture between MGM Mirage and Pansy Ho, a daughter of Dr. Stanley Ho who is the major owner of SJM, the leading casino group in Macau. Rivalling About PacificNet PacificNet, Inc. ( http://www.pacificnet.com/ ) is a leading provider of gaming and mobile game technology worldwide with a focus on emerging markets in Asia, Latin America and Europe. PacificNet's gaming products are localized to their specific markets creating an enhanced user experience for players and larger profits for operators. PacificNet's gaming products include multi- player electronic table games such as baccarat, sicbo and fish-prawn-crab, 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 as well as the Octavian line of casino management software, hardware and games. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Europe and elsewhere around the world. PacificNet also maintains legacy subsidiaries in the call center and ecommerce business in China. PacificNet employs about 1,800 staff in its various subsidiaries with offices in the US, Hong Kong, China, UK, Russia, Ukraine, Italy, Germany, Argentina, Colombia, India and Australia. Safe Harbor Statement This 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 at the PacificNet USA office at +1-605-229-6678, or Becky Zhao at the PacificNet Beijing office at +86-10-5922-5000; or Alin Chen at the PacificNet Shenzhen Office at +86-755-3322-2088; or the PacificNet Macau office at +853 28704154 Web site: http://www.pacificnet.com/

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