GUANGZHOU, China -- Dec. 22, 2004 -- PacificNet Inc. (Nasdaq:PACT) announced today that it has been awarded a public project tender by the City of Guangzhou, one of the largest and most affluent cities in China, to develop an internet and intranet based e-business platform for Guangzhou Metro (www.GZMTR.com). The e-business platform by PacificNet will include enterprise-wide information management systems, passenger information services, train schedule and route information, e-commerce, a public project tender management system, customer relationship management services, and a security management system using internet and intranet technologies.
"This is another demonstration of PacificNet's ability to win large projects from the most discriminating clients in China. We are proud to win this highly contended public tender by Guangzhou Metro for a large government infrastructure project in China, " said KC Wong, Chief Technology Officer of PacificNet, "We were competing against some of the largest domestic and multi-national system integrators and software providers during the three-month public tender process. We believe that we won the project because of our internet e-commerce expertise, solid experience with many multi-national companies such as Sony, TCL, American Express, and the Hong Kong government, service quality, responsiveness and timely delivery, and our reputation and strong corporate resources as a leading outsourcing development provider in China. We value this opportunity to be of service to Guangzhou Metro for this important infrastructure project. We plan to continue our efforts in building PacificNet as one of the leading e-commerce and CRM solutions providers in Asia by expanding our software development, integration services, and CRM solutions to our target markets in Asia in the telecom, CRM call center, logistics, and travel industries."
About Guangzhou Metro
Established in 1992, Guangzhou Metro (www.GZMTR.com) is a large scale state-owned enterprise in Guangzhou, China, with over 5,700 employees and assets of RMB 12 billion yuan. Guangzhou Metro's mission is to provide cost effective mass transit railway transportation for the 10 million residents of Guangzhou. Guangzhou Metro currently serves over 330,000 average daily riders on its 36 kilometers of railway and plans to expand to 181 kilometers of railway by 2010.
About PacificNet
PacificNet Inc. (www.PacificNet.com), through its subsidiaries, invests in and operates companies that provide outsourcing and value-added services (VAS) and solutions in China, such as call centers, telemarketing, customer relationship management (CRM), business process outsourcing (BPO) and software development outsourcing, interactive voice response (IVR), mobile applications, and sales and distribution of telecom products and services. PacificNet's clients include the leading telecom operators, banks, insurance, travel, marketing, and service companies, as well as telecom consumers, in Greater China. Clients include China Telecom, China Netcom, China Mobile, China Unicom, PCCW, Hutchison Telecom, CSL, SmarTone, Sunday, Swire Travel, Coca-Cola, SONY, Samsung, TNT Express, Huawei, TCL, Dun & Bradstreet, American Express, Bank of China, DBS, Hong Kong Government, and Hongkong Post. PacificNet employs over 1000 staff in its various subsidiaries through China with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, and Shandong.
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