SHENZHEN, China, April 15 /Xinhua-PRNewswire-FirstCall/ -- PacificNet, Inc. (NASDAQ:PACT), a leading provider of gaming technology, Customer Relationship Management (CRM) and e-commerce in China, announced today that its Chairman and Chief Executive Officer, Tony Tong, presented as panel chairman at The 10th Annual China Venture Capital & Private Equity Forum in Shenzhen, China, from April 10-13. The forum is the leading venture capital, private equity and technology investment forum in China and is hosted by the China Democratic National Construction Association, Ministry of Science and Technology, Guangdong Provincial Government, Shenzhen Municipal Government, and China Venture Capital Research Institute ( http://www.cvcri.com/ ).
Mr. Tong discussed the company's strategy as a leading provider of gaming technology for the gaming and lottery markets in greater China, Macau and Asia, focusing on gaming, lottery, mobile and internet online game technologies. Mr. Tong also served as a panel chairman for the China Emerging Enterprises Forum discussing growth strategies in China with some of the top VC and industry leaders. Other panel speakers included leading entrepreneurs, venture capital and private equity investment firms from around the world including Softbank, H&Q, DFJ, KPCB, TDF, Polaris, Orchid Asia, Apax Capita, Prax Capital, Redpoint Ventures, Steamboat Ventures, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, The London Stock Exchange, NASDAQ, NYSE, Shanghai Stock Exchange, US Venture Capital Institute and Xinhua PRNewswire.
Tony Tong, Chairman and CEO of PacificNet, said, "I am honored to be invited as a speaker and a panel chairman for this leading technology and capital event in China for consecutive years. We are currently very focused on rolling out new gaming products in Asia. We are very excited about this large market potential and strong demand for our gaming products in this high growth market. China's Macau Special Administrative Region has recently become the largest gaming city in the world in terms of gaming revenue. Macau's booming casino gaming industry has surpassed the Las Vegas Strip in revenues and is closing in on Nevada's statewide win, according to new figures by Macau's Gaming Inspection and Coordination Bureau. Fueled by three large casino openings and a 23 percent jump in annual visitor volume, gaming halls in Macau collected more than $10.3 billion in gaming revenue during 2007, an increase of 46 percent over 2006. More than 27 million people visited Macau during 2007, including 15 million visitors from Mainland China and 8.2 million visitors from Hong Kong. Macau is a Special Administrative Region of China and is the only place in China where casino gaming is legal. I believe PACT has an early mover advantage as a leading domestic developer and manufacturer of gaming technologies. We are confident in our prospects for our products in 2008 and beyond. I enjoyed very much the opportunity to meet with other technology leaders and capital market leaders to discuss the opportunities in China." For more information on the China Venture Capital and Private Equity Forum, please visit http://www.cvcri.com/forum/2008/sz/forum/english/about.asp .
About PACT PacificNet (PACT) 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 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 1,500 staff in its various subsidiaries with offices in the US, Hong Kong, Macau, China. For more information please visit http://www.pacificnet.com/ .
For more information, please contact: PacificNet USA office:
Jacob Lakhany
Tel: +1-605-229-6678
Email: DATASOURCE: PacificNet, Inc.
CONTACT: Jacob Lakhany at the PacificNet USA office, +1-605-229-6678, Web site: http://www.pacificnet.com/
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