BSP REWARDS SIGNS NATIONAL AGREEMENT WITH PREPAID SOLUTIONS


Prepaid Solutions To Add The BSP National Value Card Rewards Mall Program To Prepaid Cards

MARGATE, FL – 11/07/2006 -- BSP Rewards, the primary operating subsidiary of MediaNet Group Technologies (OTCBB: MEDG ), announced today that they have reached an agreement with Prepaid Solutions USA, a service of West Suburban Bank, to layer a private branded rewards mall onto various prepaid and stored value cards issued by them.

"The BSP National Value Card Mall platform offers us the vehicle to add a value added program to our cards that is unique to the industry. Our private branded rewards mall will allow our cardholders the opportunity of earning up to 20% rewards when they purchase from nearly 600 of the nation's best known participating online and offline merchants. Prepaid Solutions USA aggressively seeks unique value added benefits for our cardholders and the BSP Value Card Mall program will be a fantastic way to help our cardholders realize greater than face value from our cards. ” noted Daniel P. Grotto, president of Prepaid Solutions USA.

"Prepaid Solutions USA at West Suburban Bank has been a leader in the prepaid market for years, and BSP is exceedingly proud to have formed this strategic partnership. We look forward to providing this unique program to them, their customers and their cardholders” stated Martin Berns, CEO of BSP Rewards.

BSP Rewards builds, brands, customizes and administers their proprietary loyalty/rewards/mall program for each client and organization and is also a value added element layered onto debit and stored value cards. Members receive up to 20% in rewards and up to 60% in discounts when purchasing merchandise and other products from the nation's best retailers through the BSP network.

The Prepaid Solutions Rewards Mall is expected to launch in mid-November and details about the National Value Card program can be viewed at www.nvcardmall.com .

 

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