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Pension
Elite

29-Sep-2007 13:27

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Banjoorian and Kopitiam kaki =

Jokers =

Banjoorian tell the joker Smiley

get off our thread.

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ghlau935
Veteran

29-Sep-2007 13:27

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Me too love this joo very much........am queing for 500lots at 5cents and 200 lots at 8cts........come to me joojoo..........hahaha...... Smiley

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Pension
Elite

29-Sep-2007 13:16

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this is how banjoorian and kopitiam kaki going to wack those non vested Smiley

coming here to post their nonsense.

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Pension
Elite

29-Sep-2007 13:12

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bad posting to show the banjoorian and kopitiam kaki dun welcome you here, please dun come here to find joy, you will never get it here, go back to your own banjoo thread for goodness sick.

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harryp
Veteran

29-Sep-2007 12:50

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Yo Manikamaniko...... Smiley

Thanks, long time no see. Everything is fine here except someone gave me a bad posting and one for you too..... sori about that. I am keeping my head down before some poo from this thread hit me again.... see ya.

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lousai
Member

29-Sep-2007 10:12

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Banjoo is a good counter and no regret investing this counter.

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Belinda
Member

29-Sep-2007 10:03

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Welfare lottery biz is a big market in China. Ban Joo is a good counter to invest and I have make a very good choice.

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Pension
Elite

29-Sep-2007 09:55

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something about one company oso invest in lottery business.

PacificNet Acquires Guangdong Poly - A Leading Legal Lottery Operator in China

2007-09-06 17:18

*Acquisition Enables PacificNet a Fast Entry into China's High-Growth Legal Gaming Market via China Welfare Lottery (CWL) System

Guangzhou, China, Sep. 5, 2007 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China, announced today that its Chinese subsidiaries, PacificNet Technology (Shenzhen) Limited and PacificNet Games Limited, have entered into an agreement to acquire 51% equity interest in Guangdong Poly Blue Express Communications Co., Ltd. (Guangdong Poly). The acquisition is expected to enable PacificNet, through its operating subsidiaries in China, to participate in China's rapidly growing state-sponsored legalized gaming and electronic lottery operations. Guangdong Poly is a leading operator approved by China's Welfare Lottery Center to develop and operate real-time electronic paperless lottery services in China, in accordance to the rules and regulations set by China's Welfare Lottery Center. The Company expects this acquisition to be accretive to 2008 earnings.

According to the agreement, PacificNet Technology (Shenzhen) Limited and PacificNet Games Limited will acquire 34% and 17% of Guangdong Poly Blue Express Communications Co., Ltd, respectively. The investment in Guangdong Poly is structured dependent on the achievement of certain profit milestones. The investment by PacificNet is subject to the successful completion of customary due diligence and final documentation. The financial terms of the deal were not disclosed.

In China, the central government has granted the rights to issue only two types of lottery: China Welfare Lottery (CWL) and Sports Lottery. The China Welfare Lottery Issuance Center (CWLC) was authorized to issue lottery since 1987 and the China Sports Lottery Administration Center (CSLC) since 1994. Other lotteries issued outside these two government bodies are illegal and are prohibited by the government. Lottery in China is run by the government for welfare purposes. China's lottery market surpassed US$10 billion in 2006 and is expected to continue growing according to the Chinese Ministry of Finance, which oversees all of China's lottery sales. Of the US$10 billion spent on lotteries in China, over US$6 billion was generated via China Welfare Lottery (CWL) system, representing a 20% increase over 2005.

"We are very pleased with this acquisition," said Victor Tong, President of PacificNet. "Paperless e-Lottery is an area where we see potential for growth in the Chinese market. As player returns are increased from the current 55% payout to the 65% planned, we feel the market for legalized lottery in China will increase substantially and the market for new video lottery terminals will blossom. This acquisition is in line with PacificNet?s gaming focus and will enjoy a synergy with our other subsidiary companies in the areas of software development, hardware, distribution, etc. We see this acquisition adding to our bottom line and to our shareholder value."

"We are delighted to successfully complete this acquisition with PacificNet," said Mr. Gu Hao, General Manager of Guangdong. "With the rapid development of the domestic market and the gradual opening of the lottery market, more and more companies will rush to take a piece. As a member of PacificNet, we will be well positioned to make the most of market resources and foster better online lottery services and relevant value-added services as to attract more customers and promote the company's competitiveness in the market."

According to reports by China's Ministry of Finance, China's total lottery sales revenue has been enjoying rapid growth in recent years and reached a record high of 81.93 billion yuan (US$10.5 billion) in 2006, an increased of 10.54 billion yuan from 2005?s RMB 71 billion (US $8.6 billion). Analysts predicts that China's lottery market will reach RMB 200 billion (US$25 billion) in 2008. Every day about 229 million yuan (US$29.5 million) of lottery tickets were sold in China in 2006 (excluding the eight days around the Chinese New Year holidays when lottery sales were suspended). Of the total, sales from China Welfare Lottery, the only national lottery approved by the Chinese government, hit 49.5 billion yuan (US$6.2 billion) in 2006, up 20 percent from 2005. The sales of the Sports Lottery increased 2.1 billion yuan to 32.3 billion yuan (US$4.15 billion). In 2006, China raised 27.76 billion yuan (US$3.57 billion) in public welfare funds from lottery sales, 12.3 percent more than in 2005. The ministry said the fund was equally shared by the central government and the local governments, which will be mainly used for social welfare, such as the development of public sports facilities, education and health care for the handicapped. A large part also went to the social security fund to fill its deficit. China launched its first lottery in June 1987. Lottery ticket sales are one of the major sources of funds for building community sports facilities and financing the country's social welfare programs. Other than the two government sponsored lotteries (Welfare Lottery and Sports Lottery), all other forms of gambling are illegal in mainland China. China's lottery market has expanded quickly over the last two decades but the China Welfare Lottery Management Center still describes the penetration of lottery in China as low. As in 2006, China's per capita lottery sale accounts for only 0.663 percent of the per capita net income, which is equivalent to only 1-2 percent of the world average.

China lottery experts projected that China's lottery market to grow by CAGR of 31% to US$34.5bn by 2010 to become the world's second-largest lottery market after the US, which turned over US$54.2bn in 2005. In per capita terms this would equate to US$26 for China's lottery, among the lowest in the world.

The potential to generate a strong tax revenue source and fight illegal gambling should drive government support for China's lottery, and lead to the introduction of new games, better distribution channels and, potentially, increased payouts. Just as the boom in Macau gaming was driven largely by the Chinese government's commitment to transform Macau into an entertainment destination of Greater China, it is believed that a boom in the China lottery market is a likely consequence of government's commitment to crack down on illegal gambling. It is predicted that new lottery products, such as high frequency Keno, scratch instant lottery and Video Lottery Terminals (VLTs) are likely to be especially effective in stimulating the market, given their higher frequencies, simplicity and greater variety. By 2008, it is projected that instant lottery and VLTs will make up 21% of the market, up from 2% in 2005.

About PacificNet
PacificNet, Inc. (http://www.PacificNet.com) is a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China. PacificNet's gaming products are specially designed for Chinese and Asian gamers with focus on integrating localized Chinese and Asian themes and content, advanced graphics, digital sound effects and popular domestic music, with secondary bonus games and jackpots. PacificNet gaming products include: Multi-player Electronic Table Games, Server-Based Games (SBG) with multiple client betting stations, slot and bingo machines, Video Lottery Terminals (VLTs), Amusement With Prizes (AWP) machines, gaming cabinet and client/server system designs, online i-gaming software design, and multimedia entertainment kiosks. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Asia, and Europe, while e-commerce and CRM clients include the leading telecom companies, banks, insurance, travel, marketing and business services companies and telecom consumers in Greater China such as 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, China and Hong Kong government. PacificNet employs about 1,200 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shanghai, Shenzhen, Guangzhou, Macau and Zhuhai China, USA, and the Philippines.

Safe Harbor Statement

This Company's announcement contains forward-looking statements. We may also make written or oral forward-looking statements in our periodic reports to the SEC on Forms 10-K, 10-Q, 8-K, etc., in our annual report to shareholders, in our proxy statements, in press releases and other written materials and in oral statements made by our officers, directors or employees to third parties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. 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, and fluctuations in quarterly and annual operating results. Further information regarding these and other risks is included in PacificNet's Form 10K and other filings with the SEC.

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Manikamaniko.
Master

29-Sep-2007 09:32

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Hello HarryP... :)

Long time no see... how are you? Smiley

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Pension
Elite

29-Sep-2007 09:31

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this two jokers do not know what is the word call pai seh (shameful), both are rubbish, ignore them and give them bad posting to show your unhappiness, both of them are actually one person trying to attract attention using different name, i think they make heavy losses until their Smiley

and trying to talk down banjoo. Get off our thread for goodness sick.

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Manikamaniko.
Master

29-Sep-2007 09:30

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Idesa168... :)

I'd suggest you totally take your valuable attention from those frivolous things and concentrate on your trading... By the way, your trading style is good... Smiley

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Pension
Elite

29-Sep-2007 09:23

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These

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idesa168
Elite

29-Sep-2007 01:36

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BJ without the lottery liscence, how much will it worth. All Banjoorian, please do your research if you wish to keep for long term. For punting, yes, I am awaiting at 16 cents. If lottery got problem like GerGer said, I will lower my bar to 8 cents.

How big the kopitiam as compared to the entire mkt force.

....mmm btw, I am expecting bad posting for this post...lol... but for the seek of some naive investors, I think it's worth getting it...lol....OK you can rate my post now!

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GerGer
Member

29-Sep-2007 00:06

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Hi idesa168, i think it is pretty obvious bj is going down again. Why? Because the lottery deal is not yet approve. Yes, the price flunctuate, that's why a True Friend will advised you to take profit and wait for the next chance to go in again and not keep giving people false hope that the share will go up. I am worried for those people who bought yesterday and hoping it will go up after seeing this thread when they could have cut loss earlier. I believe many banjoorian are not aware what is going on there and why is the lottery biz not finalised yet. Anyway, it's your money. U decide how u want to spend it.

btw, Mr Pension, people who can afford to lose the money doesn't mean they deserve to lose money! especially due to being misled by others.

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Pension
Elite

28-Sep-2007 21:10

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belinda, thank, hope you make money for this counter.

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Belinda
Member

28-Sep-2007 20:59

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I am new in this forum.

I like the application of smiley characters to represent the meaning of the word by pension and francis.

I find this thread interesting,

I purchased some Ban Joo share for my long term investment using my CPF. I am very positive that this counter will give me a good return.

Rgd

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harryp
Veteran

28-Sep-2007 20:13

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Hahaha...I just love pigs especially this 10,000 pigs.

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Patrick48
Member

28-Sep-2007 20:07

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Monday, Joo Joo cheeeeeeong arrrrrr. Smiley

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Pension
Elite

28-Sep-2007 19:56

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lousai, thank for your comment.

if you guy from the other banjoo thread know how to paiseh, please get off from this thread, on and behalf of banjoorian and kopitiam kaki, we would like to say, please dun come and dirty our thread.

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idesa168
Elite

28-Sep-2007 19:39

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Don't quarrel lah. Lets all HUAT AH!

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