("Guangzhou 3G "), a
leading value-added services internet company in China serving China's
four leading telecom operators which includes China Mobile, China
Unicom, China Telecom, and China Netcom. The purchase price includes $500,000
cash payable to Guangzhou 3G, and the remaining amount payable to the
selling shareholders through the issuance of 522,750 restricted shares
of common stock of PacificNet plus $1. The
warrants are exercisable for a period of three years. With China being the largest and
fastest growing telecom market in the world, with over 340 million
mobile subscribers, 75 million wireless XiaoLingTong subscribers and
over 316 million fixed-line phone subscribers, we believe our
innovative value-added services will help China's telecom operators
improve their Average Revenue Per User (ARPU) based on VAS product
offerings, while contributing positively to PacificNet's bottom line.

-- Real-Time Service Upgrade launched in Shanghai, facilitating easier
and broader customer usage of SmartPay services.''
The continued expansion of SmartPay's services closely follow rollouts in
Anhui, Liaoning, Jiangsu and Chongqing, with banking partners including ICBC,
CCB, CMB, ABC and others, and merchant partners including China Unicom, China
Mobile, gaming companies and other utilities and retailers.

guizhou sichuan

Chindex International Announces Award of 8.1 Million Euros in German Financed Hospital Supply Packages and Planned Participation in New Ex-Im Project Under Rec

Business Editors/Health Editors/Medical Editors

BETHESDA, Md. Chindex intends to continue as a supplier for these
programs and is one of only three companies that to date have been
accepted as suppliers . We are planning further
strategic moves in the IVR market which we believe will increase our
customer base, revenue and profit fundamentals, and improve our
shareholder value. China Payments Leader Continues Rapid Expansion of Consumer Coverage

Key Points:
-- New Services Launch in Hebei Province.

A web directory of English-language sites relating to China in general and a guide to utilizing the Internet for information on China.

jiangxi mongolia

Its distribution channels to the retail
pharmacy industry in China have been developed through a relationship
with a major multinational cosmetics manufacturer. This
partnership should create compelling synergies in management,
sales/marketing and VAS technology.

About PacificNet

PacificNet Inc.PacificNet.

jiangxi hebei

0 million euros, last year and is in the
process of implementing that contract.

About Chindex

Chindex is an American company operating in several healthcare
sectors of the Chinese marketplace, including Hong Kong.vs366. China's
total telecom revenue in 2004 reached RMB 920. A significant number of merchants including many of
China's leading mobile operators, with a combined subscriber base of over
seventy-five million consumers, work with SmartPay as partners to collect
payments from their customers.

mongolia gansu

Chindex also announced that it intends to reinstitute its
financing programs for Chinese hospitals backed by the Export-Import
Bank of the United States under the new framework agreement which was
signed by the Bank and the Chinese Ministry of Finance on January 24,
2005. Chindex continues to
look for even more financing alternatives to offer to our hospital
customers, including from other European governments," Lipson
concluded.

Merchant partners include China
Unicom Hebei and China Unicom Shanghai. Additional
launches are scheduled in the coming quarter for Zhejiang, Shandong and
Beijing.

fujian hebei

com

The statements in this press release that relate to future plans,
events or performance are forward-looking statements that involve
risks and uncertainties , including risks associated with uncertainties
pertaining to the Company's (i) introduction of new products,
including the products described in this release, (ii) performance
goals, including successful conclusion of efforts to secure
government-backed financing and successful implementation of such
financing, (iii) future events and earnings, including revenues from
the Company's developmental businesses such as healthcare services,
(iv) markets, including growth in demand in China for the Company's
products and services, and (v) proposed new operations, including
expansion of its healthcare services business. The Company undertakes no obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events. We look
forward to growing along with the PacificNet VAS platform.

About Guangzhou 3G

Guangzhou 3G Information Technology Co. Guangzhou 3G's market covers all the major
regions of China with over 3 million accumulated fee paying customers.

hunan jiangsu

The KfW has committed
to ongoing programs for financing medical equipment purchases by
Chinese hospitals. This ability to process payments real time offers consumers
greater convenience , security and flexibility, making SmartPay's payment
service one of the most rapidly growing in the country.

guangdong qinghai

S.

Business Editors/Technology Editors

HONG KONG----

Acquisition of Leading Chinese IVR Company Expected to be
Immediately Accretive

PacificNet Inc.
The purchase price for 51% controlling interest is approximately
$5. SmartPay was recently
featured as the leader in its space in the Wall Street Journal.

qinghai hebei

The supply contract is valued at 5.unitedfamilyhospitals.
"This strategic acquisition is a compelling move by PacificNet to
capture part of the rapidly growing IVR value-added telecom services
market in China," said Tony Tong, CEO of PacificNet."
"With the early success of our value-added telecom services in
China , we believe the market potential remains strong for our VAS and
IVR services," said Sun Zhengquan , CEO of Guangzhou 3G. Mobile and fixed-line phone users can
access Guangzhou 3G IVR services through one of the four major telecom
operators' networks. Actual
results may differ from any forward -looking statements contained in
this news release due to a number of factors that could adversely
affect PacificNet's business, financial condition, operating results
and stock price.
Partner banks for the rollout of services in Shanghai include China
Construction Bank (CCB) and China Merchants Bank (CMB).

qinghai shaanxi

com and
www.
-- Partner Bank Coverage Growing Rapidly to include real time integration
with most major banks in China.
-- Company solidifying its leadership position in Payment Services
SmartPay services rapidly going nationwide across China

SHANGHAI , China, April 7 /Xinhua-PRNewswire/ -- Smartpay Jieyin Ltd.

hebei heilongjiang

The completion of the Framework Agreement between the
Export-Import Bank of the United States and the Chinese Ministry of
Finance culminates over two years of negotiation between the two
parties, during which time U. PacificNet will also issue warrants to
purchase 100,000 shares of PacificNet's common stock, at a strike
price based on the five-day Volume Weighted Average Price of
PacificNet's common stock before entering into the agreement.

sichuan guizhou

It also provides
healthcare services through the operations of its two private
hospitals in China. Actual results, events
and performance may differ materially.
Mobile and fixed-line phone users can access Guangzhou 3G IVR services
through one of the four major telecom operators ' networks. Including
several venture bankers. Other merchants include Hebei Welfare
Lottery Agency, Shanghai South and Pudong Gas, online gaming time for many of
China's largest gaming providers , and other merchant offerings.

hunan jiangsu

1 million euros of primarily German medical equipment to hospitals
in Inner Mongolia and Shaanxi provinces.
Guangzhou 3G (www. Guangzhou
3G's market covers all the major regions of China with over 3 million
accumulated fee paying customers. "We believe
our unique and innovative value-added services will contribute
positively to PacificNet's overall revenue and profits.

sichuan guizhou

In early 2004, Chindex
China-Export GmbH was awarded a component of the Health Program and
HIV Prevention I Component project funded by KfW, and is providing 3. We believe this acquisition will be accretive to
PacificNet's revenues, profits, and earnings per share in 2005., the founding investors
behind Eachnet, and the founding investors of Linktone Ltd.

fujian xizang

Now that the mechanism under which these
loan programs may proceed has been finalized, Chindex will move ahead
with its next planned Ex-Im Bank sponsored loan project.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., Ltd.
(''Smartpay'') today announced the launch of its real-time system in Shanghai
and Hebei, increasing its national coverage and expanding its product
offerings.

macau chongqing

Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date hereof. (Nasdaq:PACT), a leading provider of value-added
telecom services (VAS) in China, announced that it has entered into a
definitive agreement to acquire a 51% controlling interest in
Guangzhou 3G Information Technology Co. "We have high
respect for Guangzhou 3G's business success and the strong telecom
experience offered by their management team.

qinghai yunnan

(Nasdaq:CHDX), the largest independent American
distributor of Western healthcare products and services in China,
announced today that its German subsidiary, Chindex China-Export ,
GmbH, has been awarded a contract to supply medical equipment to
hospitals in two Chinese provinces under a financing arrangement
sponsored by the German Government and funded by KfW Development Bank .chindex. Guangzhou 3G also offers a wide variety of IVR and other
wireless and fixed-line, value -added telecom services including color
ring back tone (CRBT) services, background music (BGM) services , VICQ
mobile instant messaging services, sports and soccer news, weather
forecasts, stock prices , jokes, short stories, dramas, songs and
mobile karaoke, mobile TV, games, entertainment, as well as
community-oriented services, such as chatline and dating services. China's total internet users has reached 95
million. (www. 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. ("Guangzhou 3G") is
one of the largest value-added telecom and information services
providers in China with both voice (IVR and call center) and data
(SMS, MMS, WAP, JAVA, GPRS) connection to the four major telecom
operators: China Mobile, China Unicom, China Telecom, and China
Netcom, covering both mobile and fixed-line networks.

SmartPay Quick Facts:
- - SmartPay employs 175 people across 6 offices in China
-- SmartPay investors include 2B Holdings Ltd.
SmartPay's CEO, Greg Shen Guowei, commented: ''SmartPay's real time
payments service has gained rapid consumer acceptance in regions across China.smartpay.com. Smartpay is currently launching additional
direct-to-consumer (D2C) and peer-to-peer (P2P) payment services under the
''Jieyin '' brand name.

tianjin gansu

"The
hospital market in China relies increasingly on foreign
government-sponsored financing to make purchases of medical equipment. Further company information
may be found at the Company's websites www. Guangzhou 3G will become a
majority-owned subsidiary of PacificNet, and PacificNet expects to
consolidate its results for financial reporting purposes.com) is one of the largest value -added
telecom and information services providers in China with both voice
(IVR and call center ) and data (SMS, MMS, WAP, JAVA, GPRS) connection
to the four major telecom operators: China Mobile , China Unicom, China
Telecom, and China Netcom, covering both mobile and fixed-line
networks.

16 million subscribers
to a total of 655 million subscribers, which includes 340 million
mobile subscribers and 316 million fixed-line subscribers.5% over 2003.
In addition, SmartPay now allows users to pay phone bills, purchase online
gaming time, and increasingly to complete other transactions that make the
service increasingly relevant for consumers on a daily basis.

macau shaanxi

----Chindex
International , Inc.0
million euros in financing for hospitals in Anhui Province to purchase
primarily German medical equipment from Chindex., Ltd.
PacificNet's clients include the leading telecom operators , banks,
insurance, travel, marketing, and service companies, as well as
telecom consumers, in Greater China. Guangzhou 3G currently employs 238 staff, and has
offices in 26 provinces in China including Guangdong, Guangxi, Hubei,
Hunan, Jiangsu, Zhejiang, Shanghai, Henan, Anhui, Yunan, Gansu ,
Ningxia, Inner Mongolia, Guizhou, Tianjing, Qinghai, Hainan,
Heilongjiang, Shanxi, Shandong, Chongqing, Jiangxi, Beijing, Hebei,
Liaoning, and Jiling.

About Smartpay
Smartpay operates a consumer electronic payment service in China under the
brand name ''Jieyin''.

guizhou jiangxi

Chindex China-Export GmbH submitted the winning bids for two
components of the Health Program and HIV Prevention II Component
project funded by KfW, providing the financing for Chindex to supply
5.-Government supported financing
packages for medical equipment purchases were unable to be processed
through the Chinese system. The
acquisition is expected to be immediately accretive to PacificNet's
earnings ."
According to the latest statistics published by China's Ministry
of Information Industry (MII ), during the month of January 2005,
China's total phone subscriber increased by 8.
Management will be available for questions at Press Conferences to be held
in Shanghai, today, Thursday April 7th, at SmartPay headquarters, and also in
Beijing at the Kerry Centre Hotel and Hebei at SmartPay 's Hebei regional
office. SmartPay employs 175 people across 8 regions in China
and has built one of the largest and most experienced teams in China to
develop payment services that both benefit merchants and consumers.

mongolia macau

Guangzhou 3G
also offers a wide variety of IVR and other wireless and fixed -line
value-added telecom services including color ring back tone (CRBT)
services, background music (BGM) services, VICQ mobile instant
messaging services, sports and soccer news, weather forecasts , stock
prices, jokes, short stories, dramas, songs and mobile karaoke, mobile
TV, games, entertainment , as well as community-oriented services, such
as chatline and dating services.

This news release contains forward-looking statements.gov

SmartPay works with banks at the regional level to enable real time
payments, a unique and powerful solution that provides true real-time payment
processing. In Hebei, partners
include Huaxia Bank and Agricultural Bank. For more information please contact the SmartPay representatives
listed below.

shandong hebei

"Chindex is thrilled with both of these developments that will
have positive impact on our capital medical equipment sales in China,"
Chindex President and CEO Roberta Lipson commented from Beijing.
With Ex-Im Bank financing available again , we now have an even larger
basket of financing options to offer to cash-strapped hospitals in
need of top quality Western medical technologies.

PacificNet Acquires Guangzhou 3G a Leading Provider of Interactive Voice Response Value-Added Telecom Services in China

Guangzhou
3G currently employs 238 staff, and has offices in 26 provinces in
China including Guangdong, Guangxi, Hubei, Hunan, Jiangsu , Zhejiang,
Shanghai, Henan, Anhui, Yunan, Gansu, Ningxia, Inner Mongolia,
Guizhou, Tianjing, Qinghai , Hainan, Heilongjiang, Shanxi, Shandong,
Chongqing, Jiangxi, Beijing, Hebei, Liaoning, and Jiling .18 million cash payable to the
sellers upon achievement by Guangzhou 3G of certain quarterly earn -out
targets based on net profits. PacificNet
employs over 1,000 staff in its various subsidiaries throughout China
with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, and Shandong. More details about SmartPay services can be seen at
http://www.

shandong yunnan

Chindex was awarded its
first German Government -sponsored contract for the supply of medical
equipment, in the amount of 3.
The addition over the past couple of years of our access to German
Government financing through our German subsidiary has provided yet
another program that we are able to offer to our hospital customers. It provides
representative and distribution services to a number of major
multinational companies including Siemens AG (ultrasound systems), and
Guidant (interventional cardiology products including stents , balloon
catheters and guide wires). These factors are discussed in more detail in
PacificNet 's filings with the SEC at www.

Smartpay Launches Real Time Payment Services in Shanghai and Hebei

-- Payment processing for Mobile Bill Pay, Online Gaming and other Value-
Added Services .cn .
SmartPay's board and management include founders of some of China's most
successful technology companies, including Linktone and AsiaInfo, and leaders
from Fortune-500 companies globally.

heilongjiang jilin

With twenty-three years of experience, over 800
employees, and operations in the United States, China and Hong Kong,
the Company's strategy is to expand its cross-cultural reach by
providing leading edge technologies, quality products and services to
Greater China's professional communities.5 million which is based on approximately five times the
anticipated earnings of Guangzhou 3G in 2005, payable 29% in cash and
71% in restricted shares of PACT.5 billion, an increase
of 37.

shaanxi xinjiang

1 million euros and is the second
project awarded to Chindex under this program.
In addition, the future potential of 3G services is expected to create
new VAS profit opportunities for us.sec.

hunan gansu

---

- - kjjkjk

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