Tuesday, November 10, 2009

My Job Just Got Easier

…In fact, it’s a CINCH

MediaNet, through one of our subsidiaries just completed the purchase of a unique software platform for database tracking, monitoring, statistic tools and the widget known as CINCH and Connect.

Our BSP division has been searching for some time to find a desk top widget that would enhance our BSP toolbar. The acquisition of the CINCH platform brings applications to us that were beyond our expectations.

CINCH is a desktop application and personalized shopping assistant. CINCH assists customers by delivering one-click ease and security for access to online shopping by providing a two-way communications channel for personalized content and customer feedback controlled by the customer and without using a browser.

In other words, it allows us to offer our BSP Mall clients and members access to relationship and comparison shopping right on their desktop. For instance, if they are looking for a particular TV the CINCH searches all merchants and shows the results and prices…neat! It also allows us to send special coupons, announcements and special communications to the directly instead of using a browser and email….even neater! CINCH for smart phones is under development and will provide mobile access to the same powerful tools…..super neat!

We have been building and enhancing our BSP Mall (the largest in the Galaxy) for many years. By combining our platform with DubLi and CINCH, we will now be able to offer amazing nuances that can be introduced at record speed.

ON-line reverse auctions, Mall shopping and product search and desktop communication – a power play that is just the beginning of what I believe is a most exciting opportunity. The combination is destined to start everyone talking and along with the viral aspect, is making my job a whole lot easier.

Until next time…..

Wednesday, October 21, 2009

It’s Official

It’s Official
MediaNet – BSP and DubLi are all one!


10/20/09… MEDG completes Merger Agreement

Our parent company; MediaNet Group Technologies (MEDG) completed the merger with CG Holdings, LTD, the parent of the DubLi Companies.

How does this reflect on our MediaNet/BSP Rewards business? Exciting positives all around!
For MEDG shareholders: DubLi adds financial strength, a state-of-the-art auction and trading platform and opportunity for the Company to expand world-wide. DubLi’s international expansion will add a new dimension to the DubLi/BSP combined programs around the world …and potentially bringing enhanced revenues and earnings to our Company – and ultimately building the value of our Company for our shareholders.

There are a multitude of synergies being explored that will establish DubLi Auctions and BSP Rewards Malls as truly unique, with competitors scrambling to try and play catch up.
The MediaNet combined DubLi/BSP offices are going to be headquartered in South Florida which will result is a smooth, day by day cohesive melding of operations.

We can see the rainbow and will be steadily moving toward that proverbial pot of gold that hopefully I believe will enrich all of our lives – socially, intellectually, technically and financially.
Today starts a new day…and I and the combined teams are excited!

Until next time…..

Wednesday, September 23, 2009

Big Travel Month

9/22/09… The Travel Miles Are Piling Up

I haven’t unpacked my bag during most of late August and what now has continued into September.

When I moved to Florida in 1959 I made a vow never to go north during the winter so I am cramming all of the trips in while warm weather abounds.

I had a wonderful visit to New Jersey to meet with our clients at Univers and USI. They are substantial companies in the insurance space and we are working on multiple Malls for them and their clients.

We (Stefanie and I) went to Lexington for the annual Fortune Fest where we got to meet and greet over 2400 of their reps. Stefanie got to step on the stage and make a full presentation to the entire audience…..and did an outstanding job! We announced the formal launch of their Canadian Mall. Now their reps can partake in both the USA and Canada.

Then, as we were closed Labor Day, I snuck off the Chicago and Michigan for a quick vacation with friends and family – and I thoroughly enjoyed the few days. Should I feel guilty that I am already looking forward to the next holiday?

Then it was off to Santa Barbara for CJ University. Commission Junction is one of our large affiliate programs and we had the opportunity to meet directly with many of the large merchants we have in the Mall. The education and relationship building was sensational.

This week we have visitors coming in from NY so I won’t be on a plane again until next week – Boston.

I am not complaining. Actually the travelling is kind of exciting as we are meeting with clients, prospective clients and suppliers – and getting ready for what could be a great holiday season!


Until next time…..

Monday, August 17, 2009

Good news for everyone involved with MediaNet and BSP Rewards

8/17/09… MEDG signs Merger Agreement

Last week the Company made a major announcement that could have a positive impact for MEDG shareholders and our BSP clients and Mall users.

Our parent company, MediaNet Group Technologies (MEDG) signed a merger agreement with CG Holdings, LTD, the parent of the DubLi Companies.

What does that all mean? A lot!

For the Mall users: The doors open for expanding the Mall platform with many additional and enhanced savings, benefits, games and technology.

For the Clients: The expansion of the Mall relative to Mall users should increase traffic and consumer benefits which would result in an enhanced value added proposition for you.

For MEDG shareholders: The present and future DubLi reverse auction visitors, clients,
Network of Business Associates and international expansion could add a new dimension to our BSP programs around the world potentially bringing enhanced revenues and earnings to our Company – and ultimately building the value of our Company for our shareholders.

The BSP Mall is continually growing (over 1075 merchants) as is our client and Member base. The business combination with DubLi offers us a multitude of benefits which will greatly add in our expansion.

I am excited with what looks to be a Win –Win for all parties.

Until next time…..

Thursday, June 25, 2009

The Audiences Are Getting Bigger

6/25/09… Stefanie Speaks Up

Stefanie Kitzes, our dynamic Director of Business Development, went to the Fortune High Tech meeting in Charlotte as planned. What wasn’t planned was the overwhelming reception she received from the multitude of attendees.

The reports that I received basically let me know that from now on I could stay home and send her in my place. Fortune Fest, their Hollywood scale event is coming up over the Labor Day Weekend in Lexington, and guess what – I’m not staying home! I wouldn’t miss that event for anything (but I will undoubtedly allow Stefanie do most of the heavy lifting).

This week we launched our first Mall for the Spanish Market. I didn’t realize that there were so many derivations of the language and only our version one is up and running. Fortune was kind enough to open it to their Spanish speaking reps for review and we expect to be getting input and tweaks for weeks to come.

As far as business goes, I am happy to be able to say that Mall transactions continue to grow in spite of, or maybe because of this bad economy. More and more people are going to the web for their purchases and everyone is looking for discounts, rebates and coupons. Happily our BSP Rewards platform includes all of those desired features.

In my next blog I should be able to tell you about an exciting mall expansion (even greater and grander) and some very interesting new clients.

Until next time…..

Tuesday, May 26, 2009

A Highly Successful Launch

5/26/09… The DUBLI Mall Is Off and Running

The DubLi Mall was introduced two weeks ago and has proven to be one the fastest growing launches we have ever had the pleasure of bringing to market.

DubLi is a reverse auction company that features auctions on name brand items from Gucci to Harley Davidson. It is a unique program where the prices of the items are reduced with every bid – the opposite of eBay.

DubLi has been operating in Europe with over 1.5 million users and they are now expanding into the US and Canada. We are more than thrilled that we have been chosen to launch their shopping malls for both countries. You can view the auction and mall at www.dubli.com.

This weekend is travel time for another of our clients. One of the top representatives of Fortune Hi-Tech Marketing is hosting a meeting for about 2000 representatives. We have been invited to train new and old reps on the value of their private branded BSP Mall and how to get the most out of it for personal savings and as a valuable method of recruiting. Stefanie, our Director of Business Development, will be making the presentation and doing the training. We couldn’t have a better emissary!

Until next time…..

Thursday, April 30, 2009

Great Business in Lexington

4/28/09…I just returned from Lexington. The city and the people (our client Fortune Hi-Tech Marketing) were most hospitable.

We are in the midst of expanding our relationship and tweaking our mutual customer service departments to handle the increases in membership. We started with 15,000 Fortune members in our mall and the number has now increased to over 75,000.

Fortune representative enrollment is growing everyday and they are preparing for two more major launches- one for the Spanish market and opening of a Canadian division. BSP Rewards has built specific platforms for each and plans are in place for a May introduction.

Stefanie joined me on the trip and handled the customer service orientation beautifully. They now have an even more excited customer service department with a better understanding of the multi-faceted benefits of the Fortune Rewards Mall. We also discussed how we could improve and enhance our BSP customer service for them.

Additionally, they had Stefanie record an overview of the Mall to be given to all new representatives and I did a video to be offered to all their reps on the mall rebates and commissions. All in all it was a very productive visit and we look forward to presenting at Fortune Fest on Labor Day. They expect over 2,000 attendees – I better begin practicing the presentation right now.

Until next time…..