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| Friday, September 05, 2008 23:36:41 |
PacificNet acquires Able Entertainment Technology
PacificNet Inc. announced in a statement today that its subsidiary, PacificNet Games Limited has acquired Able Entertainment Technology Limited, a leadingelectronic gaming technology provider based in Macau.
PacificNet is a leading provider of Customer Relationship Management (CRM) and telemarketing services, call center, e-commerce, and Value-Added Services (VAS) in China.
The acquisition is completed by by exchanging 65% of the share ownership of PacificNet Games Limited and by the issuing of 200,000 restricted shares of PacificNet Inc.
"Able Entertainment's electronic gaming technology design and distribution services network and R&D center have a strong relationship and presence covering Macau, Zhuhai, and other emerging gaming cities in Asia. Their presence represents an opportunity to enhance PacificNet's CRM and value added services network to the new booming casino town of Macau and other emerging new Asian gaming and casino markets,” said Tony Tong, Chairman and CEO of PacificNet.
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