MediaNet Group’s BSP Rewards Further Expands Network Marketing Channel
--To Build Private Branded Reward Malls for DubLi Auction Sites and Network Marketing Program—
MARGATE, FL. –April 6, 2009 –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 leader’s 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, 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 765 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 600,000 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, Macy’s, BP Oil, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili’s.
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.
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“Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MediaNet Group Technologies, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members. The number of BSP web mall members is routinely revised to reflect adjustments for inactive membership. Inactive members are defined as registered members who have not shopped in a BSP web mall for an extended period of time.
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MediaNet Group Contact
Chief Executive Officer
954-974-5818 ext. 202