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PacificNet Completes Adjustments for Fiscal Year 2006, Files

BEIJING, Nov. 15 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming, CRM, and ecommerce services in China, announced today that it has filed the amended 2006 Annual Report on Form 10-K/A with the SEC containing re-audited financial statements with respect to fiscal year 2006. PacificNet’s annual report may be viewed at the SEC web site at: http://www.sec.gov/cgi-bin/browse-edgar?CIK=0000815017&action=getcompany .

“We are happy to announce the filing of our amended 2006 10K annual report,” said Daniel Lui, CFO of PacificNet. "This shows our continued progress towards regaining full compliance with NASDAQ. The completion of the re-audit allows the management team to fully focus our efforts on executing our business plan. Our goal is to streamline our operation with an emphasis on our new focus on gaming technology development. Going forward, we are very excited about the prospects for our gaming technology operation in Asia and we are well positioned to achieve high growth in this market."

PacificNet plans to release its un-audited third quarter results on or before November 27, 2007. PacificNet’s management team will host an earnings announcement conference call upon filing of 10Q for Q3 2007.

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: MulAAAAlayer Electronic Table Games - Baccarat, Sicbo, Fish-Prawn-Crab, and Roulette machines, Server-Based Games (SBG) with mulAAAle 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 AAAAAAAAAA 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.

PacificNet’s Major Operation Subsidiaries:

-- PacificNet Games Limited ( http://www.PactGames.com ), is a leading provider of Asian mulAAAAlayer 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 AAAAAAAAAA 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 , http://www.18900.com , wap.17wap.com)

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.

本文源自: 环亚娱乐游戏