PacificNet's Chairman And CEO Tony Tong Delivers Presentation At The 2006 China Venture Capital Forum

Company Discusses Investment Strategy and Plans to Accelerate Its Expansion in China Through Synergistic Acquisitions at Leading Business Forum

PacificNet Inc. (NASDAQ:PACT) , a leading provider of Interactive Voice Response (IVR) platform, CRM and telemarketing services, call center, Direct Response Television (DRTV) and Value-Added Services (VAS) in China, announced that its Chairman and Chief Executive Officer, Tony Tong, delivered a presentation at The 8th China Venture Capital Forum in Shenzhen, China, from April 6-8. The forum is the leading venture capital and technology investment forum in China and is hosted by the China Venture Capital Research Institute (http://www.cvcri.com/).

The China VC Forum 2006 focuses on important topics such as "China's Local Venture Capital Reform," "Policy and Legal Environment of China's Venture Capital," "Globalization Strategy for Venture Capital," "Opportunities for China," "Status Quo and Future of China's Private Equities," and "2006 Mega Trends of China's Venture Capital Industry." Through in-depth analysis and interactive exchanges, the forum allows participants to keep abreast of the process and trends of global venture capital developments and to understand the direction of China's investment policies. The forum also discusses hot industries and high-growth projects to support the sustainable development of growth enterprises and funding opportunities through international capital markets.

Mr. Tong discussed the company's investment and acquisition strategy as well as the investment environment in China. He also served as a commentator for the China Fund Raising Forum on project investment evaluation. Other forum speakers included some of the leading SME companies and entrepreneurs, venture capital and private equity investment firms, investment banks, audit and legal firms from around the world including 3i, Apax Partners, CIVC, Gobi Partners, H&Q, IBM Venture Capital, Intel Capital, JAFCO, Orchid Asia, Qualcomm Ventures, Siemens Venture Capital, Deutsche Bank, JP Morgan, Goldman Sachs, The London Stock Exchange AIM, NASDAQ, The Shenzhen Stock Exchange (http://www.sse.org.cn/), CCGIR, Deloitte, KPMG, Morrison Foerster, WI Harper, The Indian Venture Capital Association, European Private Equity, and The Venture Capital Association.

"As China continues to be the world's fastest growing economy at 11% annual growth, with the largest consumer population, the largest population of mobile phone users with over 400 million, and the second largest Internet-enabled population with over 110 million online, we expect a growing demand for PacificNet's CRM, telemarketing, IVR, and Value-Added Services (VAS)," said Mr. Tong. "PacificNet plans to maintain its first-mover competitive advantage in China's customer services market through strategic direct investment and development of our iPACT service and marketing alliance, synergistic acquisitions, and joint venture opportunities to increase our customer base, revenue, and profits and improve our overall shareholder value."

In the last three years, PacificNet has acquired or invested in 10 companies focusing on serving China's CRM and Value Added Services market, including Epro (Call Center), ChinaGoHi (DRTV Telemarketing), Linkhead (IVR), Guangzhou3G (VAS), Clickcom (VAS), Wanrong (VAS), Soluteck (Software Outsourcing, BPO), YueShen (Telecom Distribution), iMobile (Telecom E-commerce), and Take1 (Telecom Kiosk).

About The China Venture Capital Forum (http://www.cvcri.com/)
The China Venture Capital Forum is the largest annual gathering of its kind in China with over 1000 participants. It brings together experts and practitioners from the government sector, domestic and international venture capital institutions, private equity professionals, world-renowned financial institutions, and intermediaries to share their valuable experiences and insights. As an important platform for growth enterprises and venture capitalists, the forum facilitates the integration of industry and capital and creates a favorable environment for enterprises to improve their financing efficiency. During the conference, top venture capitalists from Asia and abroad gave special lectures on how to attract venture capital and how to improve the professional skills of venture capital managers.

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.