PacificNet’s Take1 subsidiary receives new order for 300 electronic slots

Since the introduction of its new line of slot machine gaming products - Take1 Electronic Slot and Amusement with Prizes (AWP) Machines - Take1 has received positive reviews by the slot and AWP operators. Terms of the agreement were not disclosed.

PacificNet’s Take1 subsidiary has been 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 game systems, and Video Lottery Terminals (VLT) such as Keno and Bingo machines, including hardware, software, client-server systems and cabinets.

PacificNet’s Take1 subsidiary is based in Hong Kong with offices and a hardware manufacturing facility located in Shenzhen, China. Software for Take1 bingo machines is co- developed by PacificNet’s software outsourcing unit, Pacific Solutions Technology, a CMM Level 3 certified software development center with over 200 software programmers located in Shenzhen, China.

Recent regulatory changes in Europe and Asia have opened the door to more widespread electronic slot operators and PacificNet’s Take1 subsidiary has had success in entering the European and Asian market as a provider of electronic slot machines.

"We are delighted to receive another significant order by a leading slot operator. The selection of our Take1 electronic gaming machines by a leading slot operator marks a big win for Take1 and further enhances PacificNet’s strong entrance in the global gaming market," said Tony Tong, Chairman and CEO of PacificNet.

"With our new focus on the rapidly growing gaming market, we will continue to pursue becoming a leading provider of electronic gaming machines, slot machines and bingo machines to the casino operators and gaming industry. We believe we have the right gaming products, software and hardware expertise, research and development center with CMM Level 3 certification, local service staff, the right channels and partnerships, and the experience that is necessary to succeed in this market. We believe PacificNet is poised to take advantage of the anticipated upcoming replacement cycle for electronic gaming machines and the current Asian and global gaming expansion."