Aussie Reverse Auctions

MARGATE, FL and BERLIN–(Marketwire – October 19, 2009) – MediaNet Group Technologies, Inc. (OTCBB: MEDG), operating the largest online mall and affinity program platform through its BSP Rewards subsidiary, announced that effective today it has completed its reverse merger with CG Holdings Limited, a privately-held, European-based holding company for the DubLi companies, a worldwide online trading firm (”DubLi”).

Michael Hansen, President of the newly combined company, said, “We are delighted to be a part of this unique business combination. The uniting of the DubLi and BSP platforms combines two shopping alternatives, both of which are recognized leaders in their respective areas, and offers a one of a kind shopping program unparalleled in the industry. Our technology combined with MediaNet Group’s long term relationship with top brand vendors will make it possible to set new standards within the industry. We believe that the business combination offers the doorway to a totally unique method of international shopping and sets the stage for world wide expansion.”

Martin Berns, Chief Executive Officer of BSP Rewards, Inc., stated, “During the past months we have had the opportunity to become intimately involved with DubLi’s vision and progress. Their goal of expanding as a world leader in the international shopping and auction market is extremely exciting. It offers a major opportunity for the company and our shareholders. The DubLi auction and shopping platform is exceedingly sophisticated and when combined with our BSP program acts as a loyalty, incentive, continuity and communication tool, with the added capability of being able to load cash, bonus payments, payroll and rewards instantaneously onto virtually any debit or credit card — domestic or international. The combination of platforms offers a myriad of features and benefits for which we should have little competition. It truly is a 1+1 equals 3 scenario.”

Technorati Tags: BSP Rewards, DubLi, Martin Berns, MediaNet Technologies, Michael Hansen, online mall

MARGATE, FL, Apr 06 (MARKET WIRE) —
MediaNet Group Technologies, Inc. (OTCBB: MEDG), operating the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has further expanded its client base within the network marketing channel with the implementation of a new partnership with DubLi, an international e-Commerce auction site and direct sales marketer.

BSP has built, and will launch in May, a private-branded mall as a value-added benefit for DubLi.com, a recognized global auction house. DubLi’s reverse auction portal is designed for the worldwide buying and selling of brand-name products at the lowest prices. Members of DubLi will now be able to shop at over 800 national brand name merchants and earn rewards in their BSP mall.

DubLi offers people around the world a unique opportunity to generate extra income through their own lucrative part-time or full-time business for which they will now being able to avail themselves of the value-added benefit from saving money by shopping in the DubLi Rewards Mall. The partnership includes BSP Rewards adding access to DubLi auctions on other existing and future private-branded malls.

Martin Berns, Chief Executive Officer of BSP Rewards, stated, “Network Marketing has been a successful and productive channel for BSP thus far and we are pleased with our ability to continue to capitalize in this area with leaders in the industry. We are excited about working with our new partners at DubLi. In only a few years DubLi has grown their international customer base by adapting to what consumers want — high quality products, a unique reverse auction concept and the ability to increase their incomes by doing something they love. We look forward to offering DubLi’s customers the ability to earn while they shop and provide BSP’s network of memberships the opportunity to shop through this new vehicle.”

Michael Hansen, Founder and President of DubLi, commented, “The new opportunity created by combining two shopping alternatives, who are both recognized leaders in their respective areas, is unparalleled. We see great potential synergies for both shopping portals to grow and diversify while strengthening their respective market positions. We were searching for an appropriate US national network of merchants that would provide our customers an opportunity to earn and save. After being introduced to BSP Rewards, we didn’t have to look further.”

About MediaNet Group Technologies, Inc.
MediaNet Group Technologies, Inc. (OTCBB: MEDG), through its BSP Rewards division, has developed the largest online mall and affinity program platform. BSP builds, brands, and customizes proprietary loyalty/rewards/mall programs for clients and organizations and for a value-added element layered onto debit and stored value cards. Companies and organizations enroll their members into the program and BSP cross-markets them to its entire database.

The Company generates product purchases from over 800 participating mall merchants including the nation’s largest retailers as well as gift cards and a large discount catalog. With over 60 web malls already developed and in use, BSP Rewards currently serves more than 650,000 registered users. The Company offers affordable, immediate implementation, delivered as rich turnkey enterprise solutions for corporations interested in expanding their web presence and enhancing customer relations — turning operational costs into profit centers. Current mall merchants include Sears, Target, Wal-Mart, Macy’s, BP Oil, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili’s.

About DubLi
DubLi Network was founded in 2003 and has its financial headquarters in Delaware, USA. DubLi network is a dynamic, growing and success-oriented marketing company. Its overall goal is to market DubLi.com, an exciting and recognized global auction house. Buyers get access to lots of brand-name products at the absolute lowest prices. At the same time, we offer people around the world a unique opportunity to generate extra income through their own lucrative part-time or full-time business. Today, DubLi Network is among the fastest growing companies within the direct sales industry in Europe and the USA.

Technorati Tags: BSP Rewards, direct sales, direct sales marketer, DubLi, DubLi Network, e-Commerce auction site, extra income, MediaNet Group, Michael Hansen, network marketing