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PacificNet's WAP Portal MOABC.Com Wins "2006 Top Ten Most Promising Internet Company" Award

Posted on: Friday, 26 January 2007, 15:00 CST

BEIJING, Jan. 26 /Xinhua-PRNewswire/ -- PacificNet, Inc. , a leading provider of Customer Relationship Management (CRM), mobile internet, e-commerce and gaming technology in China, today announced that its WAP portal MOABC (http://www.moabc.com/) was ranked among the "2006 Top Ten Most Promising Internet Companies" in an industry peer ranking organized by Sohu.com Inc., Communications World Web (http://www.cww.net.cn/) which is affiliated with China's Ministry of Information Industry (http://www.mii.gov.cn/), among others. This industry event is held annually and this year the winners cover more specialized areas such as download engines, online games, video, classified information, search engines, media player software and more. Others among the prestigious list include http://www.xunlei.com/, http://www.9you.com/, http://www.nubb.com/, http://www.qihoo.com/, http://www.marry5.com/, http://www.56.com/, http://www.tianyaclub.com/, http://www.baofeng.com/, and http://www.tiancity.com/. Although these companies are not as famous as the internet giants, they are beginning to catch the investors' eyes and they expect to experience fast growth in the coming years.

MOABC.com is a leading mobile internet portal in China with 11 million registered users and boasts one of the top-ranked mobile internet sites, featuring mobile social networking, mobile games, and entertainment. This free WAP portal provides a variety of mobile internet services such as news, mobile gaming and entertainment services, mobile blogs, mobile email (Mo- Mail), Avatar and virtual pets, mobile online dating, mobile instant messaging, virtual communities, mobile social communities and virtual showrooms to China's increasing mobile phone and internet user base.

As a leading wireless internet portal and mobile space provider, MOABC, relying on its good performance in the past year, stood out among a number of excellent candidates. MOABC always bases its development upon the interests of the audience -- China's increasing mobile user base, and its mobile games, videos and personal spaces are attracting a lot of new subscribers. Previously, MOABC was awarded one of the "2005 Most Promising Internet Investment Projects" and the Internet Society of China (http://www.isc.org.cn/) granted MOABC as one of the "2005 Top 50 Internet Innovations" and "Top 100 China Internet WEB2.0 Enterprises" in March 2006.

Marco Lai, President of MOABC, said, "We are honored to receive this award. We'd like to thank the great evaluation process and our very loyal user base for their ongoing support. Being an award-winning wireless internet company, we are proud that the leadership position and strong brand recognition of MOABC was recognized in the China wireless internet industry. With the financial support of PacificNet, MOABC has gained an unparalleled advantage. We are committed to strengthen our position in the wireless internet market in 2007 by diversifying our products and enhancing our services in order to gain a larger market share in China's upcoming 3G era.

Victor Tong, President of PacificNet stated, "We are very excited that MOABC ranks amongst the "2006 Top Ten Most Promising Internet Companies" in China. Their outstanding effort was recognized by this award. It is a good start for us in 2007. We look forward to executing our business plan and maintaining our leadership in the Chinese mobile internet market as an integral part of our new CRM and Gaming Strategy."

About MOABC

MOABC (http://www.moabc.com/) is a leading provider of mobile social networking, mobile entertainment and mobile internet portals in China. MOABC initiated Web2.0+ mobile blog services to provide fun and entertaining content for over 300 million mobile users in China. MOABC's mobile internet site (wap.moabc.com) has grown to over 11 million users, with 120 million daily page views and 1000GB of daily data traffic. MOABC's core products include "Mo-Space" (the first mobile personal space) and "Mo-Mail" (mobile mailbox), as well as online social networking, dating, avatar and virtual community mobile communication services.

About PacificNet

PacificNet Inc. (http://www.pacificnet.com/) is a leading provider of Customer Relationship Management (CRM), e-commerce and gaming technology in China. PacificNet's clients include the leading telecom companies, 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, Motorola, Nokia, SONY, TCL, Huawei, American Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, and Hong Kong Government. PacificNet employs over 2,300 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, Macau, and branch offices in 28 provinces in China and is headquartered in Beijing and Hong Kong.

Safe Harbor Statement

This 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 23rd Floor, Building A, TimeCourt, No.6 Shuguang Xili, Chaoyang District, Beijing, China 100028 PacificNet Shenzhen Office: Room 4203, Jinzhonghuan Business Building, Futian District, Shenzhen, China. Postal Code: 518040

PacificNet Inc.

CONTACT: PacificNet USA office, Jacob Lakhany, +1-605-229-6678, orPacificNet Beijing office, Ada Yu, +86 10 59225000

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

Source: PRNewswire

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