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…..