PacificNet to Announce Second Quarter Earnings on August 20, 2007

PacificNet to Announce Second Quarter Earnings on August 20, 2007

August 14, 2007

    BEIJING, Aug. 13 /Xinhua-PRNewswire/ -- PacificNet,
Inc. (Nasdaq: PACT), a leading provider of gaming
technology, e-commerce, and Customer Relationship
Management (CRM) in China, announced today that it plans to
release its un-audited second quarter results on August 20,
2007. PacificNet's management team will host an earnings
announcement conference call at 8:00 AM Eastern Time on
August 20, 2007. The conference call is open to the public
and may be accessed by calling [phone] or (206)
315-8587 and entering conference entry code: 877448,
followed by the # key. For those unable to attend the
conference call live, an archive of the call will be
available for 30 days. The replay number is [phone].
Please use PIN number: 5670.

    About PacificNet 

    PacificNet, Inc. (http://www.PacificNet.com) is a
leading provider of gaming 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 e-commerce 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.

    Gaming Products:

    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's 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 Machines
    -- Bingo and Keno Machines
    -- Video Lottery Terminals (VLTs)
    -- Server-Based Gaming Machines (SBG)
    -- Amusement With Prizes (AWP) Machines
    -- Online iGaming Software Development
    -- Client-Server Gaming Systems
    -- CMM Level 3 Certified Gaming Software Development
Center in China with
       200 Professional Software Developers
    -- Gaming Systems, Cabinet Design and Sales, Parts
Sales, OEM Games. We
       design and sell gaming machine cabinets, replacement
parts.

    PacificNet's Business Units:
    1. Gaming Technology: Electronic Gaming Machines,
Mobile Games, i-Gaming
       Software.
    2. Legacy Business: CRM, E-commerce and Telecom
Products

    PacificNet's Major Operation Subsidiaries:
    -- PacificNet Games Limited (PacGames), is a leading
provider of Asian
       multi-player electronic gaming machines, gaming
technology solutions,
       gaming related maintenance, IT and distribution
services for the
       leading hotel, casino and slot hall operators based
in Macau, China and
       other Asian gaming markets.
    -- Take1 Technologies
(http://www.take1technologies.com), 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, and cabinets.
    -- 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 client-server
       systems, internet e-commerce software, online and
casino gaming systems
       and slot machines, as well as banking and telecom
applications using
       Microsoft Visual C++, Java, and other rapid
application development
       tools.
    -- PacificNet Epro (http://www.EproTel.com.hk): CRM
Call Center and
       Customer Services Outsourcing
    -- PacificNet Clickcom (http://www.clickcom.com.cn),
MOABC.com : VAS,SP,
       (SMS, WAP)
    -- Guangzhou Wanrong (http://www.my2388.com): VAS, SP,
(SMS,MMS,IVR,WAP,
       Java Games)
    -- PacificNet Communications Limited, iMobile,
(http://www.imobile.com.cn,
       Gaming http://www.18900.com, wap.17wap.com)

    Market Overview on Macau, China

    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 exceeded 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. At the end
of 2006, there were 22 casinos, 83 hotels and similar
establishments in Macau with close to 13,000 rooms. 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.
Numerous hotel, gaming, and other projects are in the works
in Macau, which are expected to add over 10,000 guest rooms
and over 20,000 live entertainment seats in eight separate
venues. The number of hotel-casinos in operation and in
development in Macau continues to grow, including
well-known Chinese names such as Galaxy and Melco, and
famous Las Vegas names such as the Sands, the Venetian,
Wynn Resort and Crown 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.

    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.

    Contact:
    PacificNet USA office:
    Jacob Lakhany, Tel: [phone]

    PacificNet Beijing office:
    Becky Zhao, Tel: [phone]
    23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili,
Chaoyang District,
    Beijing, China 100028

    PacificNet Shenzhen Office:
    Tel: [phone]
    Room 4203, JinZhongHuan Business Center, Futian
District, Shenzhen, China
    518040

    PacificNet Macau office:
    Tel: [phone]
    Unit A-C, 12th Floor, Edificio Commercial I Tak, No.
126, Rua Da Pequim,
    Macau, China.