PacificNet Announces Opening of Research & Development Center in Zhuhai at the 2007 Zhuhai-Macau Investment Environment Promotion and Trade Fair |
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PacificNet, Inc.
416 Production Street North
Aberdeen, SD, 57401
USA
Press release date: May 29, 2007
MACAU-ZHUHAI, China, May 29 / -- PacificNet, Inc., a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China, announced today that it has recently opened an office in Zhuhai, a city adjacent to Macau, as a product development and R&D center to support its PacificNet Games Limited (PactGames) Macau office. PacificNet made the announcement at the 2007 Zhuhai-Macau Investment Environment Promotion and Trade Fair, which was held at the Zhuhai International Conference Hotel on May 28-29, and was sponsored by the Investment Promotion Agency of Ministry of Commerce of China, Department of Foreign Trade and Economic Cooperation of Guangdong Province, Macao Trade and Investment Promotion Institute, Zhuhai Municipal Government, Hong Kong Trade Development Council, Commercial Service of the U.S. Consulate General Guangzhou, and the American Chamber of Commerce.
"We welcome PacificNet's choice in choosing Zhuhai as an R&D technology development center," commented Mr. Chen HongHui, Deputy Mayor of Zhuhai." Zhuhai has been wisely chosen by some of the leading multinational companies as their R&D and production centers especially in the high tech industry."
"We were glad to choose Zhuhai as our technology R&D center as we were impressed by the availability of stable IT professionals, an educated and cost-effective workforce, a healthy and clean living environment, and continuous software and IT training offered by numerous local colleges and universities, as well as government incentives and supportive policies," said Tony Tong, CEO of PacificNet. "The synergistic effect between Zhuhai and Macau is a clear advantage for us as our Zhuhai R&D center serves as an effective back-office in supporting the sales and marketing efforts of PacificNet Games products in Macau as well as for the rest of Asia."
PacificNet is a member of the American Chamber of Commerce in South China (Amcham).
About Zhuhai and Macau, China
Designated a Special Economic Zone (SEZ) in 1980, Zhuhai is on the southern coast of Guangdong province on the south-west side of the Pearl River Delta, adjacent to Macau. Zhuhai has benefited greatly from its proximity to Macau and grown as a powerful modern port city, science and education city, scenic and tourism city, and as a regional hub for transportation. The attractive environment and natural landscapes win Zhuhai the reputation of a garden city and a model city of best living environment in China. Zhuhai's Hengqin Island is about 3 times the size of Macau, and is connected to Macao's Cotai via the Lotus Bridge. The reclaimed island of Hengqin is 96km(2) (37 square miles) and has broad bays, sandy beaches, beautiful scenery, fresh air, and natural vegetation cover. There is a proposal to develop Hengqin Island into a resort area.
Macau is a Special Administrative Region of China, bordering on the south of Zhuhai. 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.
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 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.
Contact: PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office: Ada Yu, Tel: +86 (10) 59225000 23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang District, Beijing, China 100028
PacificNet Shenzhen Office: Tel: +86 (10) 33222088 Room 4203, JinZhongHuan Business Center, Futian District, Shenzhen, China 518040
PacificNet Macau office: Tel: +853 28704154 Unit A-C, 12th Floor, Edificio Commercial I Tak, No. 126, Rua Da Pequim, Macau, China.
Source: PacificNet, Inc.
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