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PacificNet's Subsidiary Signs Value Added Services Cooperation Agreement With China Telecom

Posted on: Thursday, 4 May 2006, 12:03 CDT

PacificNet's Subsidiary Guangzhou Wanrong Signs Value Added Services Cooperation Agreement with China Telecom Guangxi Branch on Voice Information VAS

GUANGZHOU, China, May 4 /Xinhua-PRNewswire/ -- PacificNet Inc. , a leading provider of Interactive Voice Response (IVR) platform, CRM and telemarketing services, and Value-Added Services (VAS) in China, announced today that its subsidiary Guangzhou Wanrong Information Technology Co., Ltd ("Wanrong") signed a value-added services cooperation agreement to provide IVR and voice information services with China Telecom in Guangxi province.

Guangzhou Wanrong, one of the leading information value-added service development and operation companies, has dedicated itself to becoming a first-class telecom value-added services provider in China. Guangzhou Wanrong's mobile applications include SMS, WAP, JAVA, MMS, IVR, multimedia entertainment download services, interactive media products, life, sports, entertainment, and business information services, as well as mobile email services. Guangzhou Wanrong was granted nationwide SMS service numbers "2388" for China Mobile and "9928" for China Unicom.

According to the agreement, Guangzhou Wanrong will provide a wide variety of voice-based information services to China Telecom's 1.5 million fixed-line phone users and PHS users in the two regions of Guangxi province: Baise and Hechi, by utilizing China Telecom's "168" and "160" voice information hotline services. With its powerful voice information development technology and rich voice information service contents, Wanrong will provide China Telecom with diversified voice value-added services including interactive voice games, musical greetings, voice chatting & dating, picture and ring-tone downloads, voice information inquiry, "160" operator assisted voice information navigation hotline and other value-added services.

Mr. Han Zhixin, General Manager of Guangzhou Wanrong, stated: "We are glad to sign the agreement with Guangxi Telecom on the voice information service program which marks a significant launch of our expansion strategy targeted at China Telecom's fixed line and PHS users in the IVR voice information service area. China Telecom has a huge customer base which is a great opportunity for us to expand our business. This VAS partnership with China Telecom will benefit both PacificNet and China Telecom by cross-selling and expanding profit through the introduction of new voice-based value added services."

Mr. Pang Junlin, Manager of China Telecom VAS Department in Guangxi Baise, stated: "Currently, China Telecom has a great number of fixed line, broadband and PHS users. We are delighted to have developed such a close relationship with Guangzhou Wanwong. They are a promising company with market-leading technology, abundant operation experience and rich information service content, which will benefit the development of the VAS telecom service market."

According to China's Ministry of Information Industry, China has about 350 million fixed-line subscribers and about 80 million PHS (Little Smart or Xiao Ling Tong) users, and China Telecom is the largest provider of fixed-line telecom and PHS services in China.

About China Telecom

China Telecom is the largest fixed line service telecommunications provider in China, which includes voice, data, multimedia, Internet, and the PHS wireless system.

About Guangzhou Wanrong

A subsidiary of PacificNet, Guangzhou Wanrong is one of the leading information value-added service development and operation companies providing services to the four leading telecom operators of China Mobile, China Unicom, China Telecom and China Netcom. Guangzhou Wanrong's mobile applications include SMS, WAP, JAVA, MMS, IVR, multimedia entertainment download services, media interactive products, mobile email services, life, sports, entertainment, and business information services. Wanrong has set up a nationwide services network with branch offices in Jilin, Shanxi, Jiangsu, Sichuan and Qinghai.

About PacificNet

PacificNet Inc. ( http://www.pacificnet.com/ ), through its subsidiaries, invests in and operates companies that provide outsourcing and Value-Added Services (VAS) in China, such as call centers, telemarketing, direct response television (DRTV) marketing, CRM, interactive voice response (IVR), mobile applications, and communications product distribution services. PacificNet's clients include the leading telecos, banks, insurance, travel, marketing, and business services companies, and telecom consumers, in Greater China. PacificNet's corporate clients include China Telecom, China Mobile, Unicom, PCCW, Hutchison Telecom, Bell24, SONY, TCL, Huawei, American Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, and Hong Kong Government. PacificNet employs over 2,500 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, and branch offices in 26 provinces in China, and is headquartered in Minneapolis USA and Hong Kong.

Safe Harbor Statement

This Company's announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. 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, fluctuations in quarterly operating results. Further information regarding these and other risks is included in PacificNet's Form 10K and other filings with the SEC.

Contact: PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678 PacificNet Beijing office: Ada Yu, Tel: +86-10-59225000 Rm. 2309, 23/F, Tower A, TimeCourt, No.6 Shuguang Xili, Chaoyang District, Beijing, China 100028 Or CEOcast, Inc. for PacificNet Ed Lewis, +1-212-732-4300

PacificNet, Inc.

CONTACT: PacificNet USA office: Jacob Lakhany, +1-605-229-6678, orPacificNet Beijing office: Ada Yu, +86-10-59225000; or CEOcast, Inc. forPacificNet, Ed Lewis, +1-212-732-4300

Web site: http://www.pacificnet.com/

Source: PRNewswire

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