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MediaNet Group to Power New Promotional Online Mall for a National Malt Beverage Company Monday February 25, 8:00 am ET
MARGATE, FL--(MARKET WIRE)--Feb 25, 2008 -- MediaNet Group Technologies, Inc. (OTC BB:MEDG.OB - News), the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has been chosen to create a new promotional web mall for a national malt beverage company. The name of the company will be released when the program is launched next month. ADVERTISEMENT
BSP will develop a private branded web mall as an incentive for building and maintaining consumer brand loyalty. This new, national promotion will allow consumers who purchase the product to collect cash value rewards from national merchants and then spend these rewards to purchase special promotional items offered by the malt beverage company or to load their rewards onto a debit card to spend wherever MasterCard is accepted. Upon commencement of the program, the national malt beverage company will include promotional codes on its packaging inviting consumers to shop in the mall and earn rewards. The malt beverage company will promote the program via in-store POS and traditional advertising venues.
Martin Berns, chief executive officer of MediaNet Group said, "We are thrilled to have been selected to create the online mall for this new campaign, the first of its kind in the malt beverage industry. This endorsement by such a nationally, recognized brand further confirms our business model and operating strategy."
About MediaNet Group Technologies, Inc.:
MediaNet Group Technologies, Inc. (OTC BB:MEDG.OB - News), 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 700 participating mall merchants including the nation's largest retailers as well as gift cards and a large discount catalog. With over 50 web malls already developed and in use, BSP Rewards currently serves more than 500,000 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.
"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.
Contact: Contacts:
MediaNet Group Contact Martin Berns Chief Executive Officer 954-974-5818 ext. 202 martin*medianetgroup.com
Investor Relations Contact Jordan Darrow Darrow Associates, Inc. 631-367-1866 jdarrow*darrowir.com
Posts: 443 | From: st.louis | Registered: Dec 2003
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added 13000 more today.when revenue starts coming from all contracts this year this is going to rocket to $1 fast
Posts: 443 | From: st.louis | Registered: Dec 2003
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