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PacificNet sponsors slots tournament

18 July 2008

MACAU, China -- (PRESS RELEASE) -- PacificNet, Inc. (Pink Sheets: PACT), a leading provider of e-commerce and gaming technology in China, announced that its subsidiary, PacificNet Game (PACT Game), has become a slot game promotion and competition sponsor in partnership with Sociedade de Jogos de Macau (SJM) at SJM slot halls in Macau, China.

The slot competition is designed to increase slot play and player loyalty in the increasingly competitive Macau gaming market. Players can win prizes contributed by PACT Game and SJM in addition to slot prizes. Prizes contributed by PACT Game include cash, Motorola mobile phones, bikes, golf gear and sports wear. Other prizes by SJM include diamond wrist watches, digital cameras, gold coins, jewelry and free dinner buffet coupons. The competition has being widely publicized in Macau and attracted many players. Slot machines provided by PACT Game are being showcased in the SJM slot competition.

"First of all, we congratulate our customer, SJM, on their successful initial public offering on the Hong Kong Stock Exchange," said Tony Tong, CEO of PacificNet. "We are excited to sponsor the SJM slot competition and are happy with our slot machine performance so far. It is very exciting to see that players are attracted to our slots and that our machines are experiencing heavy play during this tournament. This is a great opportunity to promote slot games at SJM slot halls and expose more players to our games and for some lucky players, to take home some nice prizes. We are confident that more casinos will take notice and choose our gaming machines in Macau and Asia."

SJM Holdings, which just had its successful initial public offering (IPO) debut on the Hong Kong Stock Exchange (HKSE: 0880.hk), is the largest and leading gaming operator in Macau with the most casinos and slot halls. SJM runs 19 of Macau's 29 casinos and is top in terms of market share and gaming revenue. Across its venues it has 305 VIP gaming tables, 1,100 mass market gaming tables and 3,700 slot machines. Its origins can be traced back to Sociedade de Turismo e Diversoes de Macau (STDM), the former monopoly that is controlled by Macau gaming tycoon Dr. Stanley Ho and which dominated gaming in the former Portuguese colony. The IPO debut for SJM Holdings (HKSE:0880.hk) raised $494 million.

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