PacificNet (PACT) Chairman Tony Tong to Present at the Sterne Agee China Technology Investment Conference

SHANGHAI, China (Map) - SHANGHAI, China, March 14 /Xinhua-PRNewswire-FirstCall/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming and mobile game technology, e- commerce, and Customer Relationship Management (CRM) in China, announced today it will present at the Sterne Agee China Technology Investment Conference on at 1PM on March 20, 2008 at Westin Hotel Bund Center, Shanghai, China. PACT Chairman, Tony Tong, will present the company's gaming technology strategy as well as an overview of the gaming market in Asia

"I am happy to have the opportunity to share our recent development with the investors and analysts visiting China," said Tony Tong. "We are excited about our focus in gaming technology for the expanding gaming markets in Asia and Europe. I believe this trip will be very enlightening to those visiting China for the first time and provide a more hands-on feel for our market and growth potential in Asia."

Sterne Agee is hosting this investor trip to China to hear presentations from and visit leading public and private firms in the Asian market. The trip is organized by industry segment so investors can understand the space across the entire value chain, including channel meetings, expert sessions with industry leaders, and regulatory briefings. The trip begins on Monday, March 17, and continues through Friday, March 21, traveling to two technology hubs, Beijing and Shanghai.

About PACT

PacificNet (PACT) is a leading provider of gaming and mobile game technology worldwide with a focus on emerging markets in Asia, Latin America and Europe. PacificNet's gaming products are localized to their specific markets creating an enhanced user experience for players and larger profits for operators. PacificNet's gaming products include multi- player electronic table games such as baccarat, sicbo and fish-prawn-crab, 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 as well as the Octavian line of casino management software, hardware and games. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Europe and elsewhere around the world. PacificNet also maintains legacy subsidiaries in the call center and ecommerce business in China. PacificNet employs about 1,800 staff in its various subsidiaries with offices in the US, Hong Kong, China, UK, Russia, Ukraine, Italy, Germany, Argentina, Colombia, India and Australia. For more information please visit http://www.pacificnet.com and http://www.octavianinternational.com .

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.