- A building year for future growth –

BOCA RATON, FL – February 1, 2012 — MediaNet Group Technologies, Inc. (OTCQB: MEDG) is a global marketing company that provides consumers around the world with a variety of innovative shopping and entertainment opportunities, today announced financial results for the fiscal year ended September 30, 2011.

“The year progressed as we planned,” said Michael Hansen, President and Chief Executive Officer of MediaNet Group.  “We used the first two quarters to strengthen our team, our systems, and our product offerings and it paid off for us in the second half of fiscal 2011 with increased sales transactions through our portals and much improved revenues.”  Mr. Hansen continued, “Due to the favorable response to our new Xpress auction format, I remain very excited about our prospects for 2012.”

Mark Mroczkowski, MediaNet Group’s Chief Financial Officer added, “Our top line revenues grew incrementally each quarter improving from $1.8 million in the first quarter to $9.6 million in the fourth quarter. Total cash sales before deferring unearned revenue also grew significantly from $3.4 million in Q1 to $9.9 million in Q4.”

Mr. Hansen continued, “I expect our strong second half performance to carry into 2012 as we have experienced continued growth during the first quarter of 2012.”  “We have not yet realized the potential growth from our new infomercial program that will launch during the first half of 2012, the new Partner Program and our expanding network of Business Associates around the world.”  “These initiatives are important elements towards further building the foundation of our Company.”

For the year ended September 30, 2011, revenues increased 141% to $23.8 million compared to $9.9 million for the year ended September 30, 2010. Gross profit for the year was $7.9 million, or 34% of revenue, up 75.4% compared to $4.6 million, or 46% of revenue, in the same period of 2010. Net loss for fiscal year 2011 was $4.2 million resulting in a loss per basic and fully diluted share of $0.01, as compared to a net loss of $5.1 million, or a loss per basic and fully diluted share of $0.18 in fiscal 2010. For the fiscal year 2011, the weighted average number of basic and fully diluted shares outstanding was 291,220,047 and 295,147,627, respectively as compared to the same period of 2010, when the weighted average number of basic and fully diluted shares outstanding was 28,822,142 and 272,326,574, respectively.  Net loss per share for both basic and fully diluted is computed on the weighted average number of basic shares outstanding because derivatives are considered anti-dilutive to net loss.

MediaNet reports net income or loss on a GAAP and non-GAAP basis. Non-GAAP net income excludes non-cash expenses for depreciation, amortization and for stock-based compensation (“SBC”). In fiscal year 2011, the charge related to SBC was $2.6 million, compared to $.6 in fiscal year 2010 Depreciation and amortization was $0.9 million in fiscal year 2011, compared to $0.7 million in 2010. The result is that Non-GAAP net loss for the year ended September 30, 2011 was $0.7 million compared to Non-GAAP net loss of $3.8 for the same period in 2010 or 2.8% and 38.1% of revenues, respectively. The non-GAAP measure is reconciled to the corresponding GAAP measures in the accompanying financial tables.

During 2011, we continued the improvement process we began last year. These enhancements include IT system improvements, employee upgrades, new offices and new web portals. All of these initiatives have contributed to an overall $1.8 million increase in selling, general and administrative (“SGA”) costs. SGA costs included $2.6 million and $0.6 million of stock based compensation needed to attract the talent that will successfully grow the Company. As a result, SGA costs before SBC actually declined by $0.2 million.

“As we build, grow and better understand our markets, our customers and our opportunities, we will enhance and refine our products, their delivery and the resources required to support our businesses.  We are in a dynamic marketplace, and MediaNet must and will be flexible and creative in meeting its ever changing needs and demands.  We believe this year of continuing growing pains has positioned us for considerable success in the future,” continued Mr. Hansen.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. (OTCQB: MEDG), through its wholly-owned subsidiaries under the DubLi brand addresses consumer needs both online and offline through innovative engagement models, as well as virtual shopping experiences. Through its DubLi.com website, the company also creates tremendous opportunities by helping entrepreneurs both large and small create micro-distributor organizations by joining Dublinetwork.com.  MediaNet Group Technologies main focus is to provide consumers around the world with the highest online value for their shopping and entertainment opportunities.  The foundation of MediaNet Group was built upon an innovative business concept, a global presence and a consumer-centric business model that seeks to capitalize on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group universe is DubLi.com, a comprehensive online shopping and entertainment community.  DubLi Network is the sales and marketing engine for DubLi.com that is driven by a marketing network of Business Associates who use word-of-mouth advertising, the most effective form of direct selling, to sell a variety of memberships and packages that generate traffic to DubLi.com.  DubLi Partner offers a white-label version of its DubLi.com platform giving participating organizations a professional, reliable web presence while providing access to DubLi’s global online shopping and entertainment community.  BSP Rewards, also known as DubLi Shopping, is responsible for the management and operations of DubLi’s Shopping Mall platforms around the world.  MediaNet Group is emerging as a leading provider of innovative shopping and entertainment solutions to consumers in over 100 countries.

Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of productive business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; (v) a  failure to comply with governmental laws and regulations applicable to our business; and (vi) a failure to improve our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.

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BOCA RATON, FL – November 28, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that Charles Arizmendi has been named Executive Vice President of Enterprise Business Unit, reporting directly to Alessandro Annoscia, Chief Operating Officer.

The role of Executive Vice President of Enterprise Business Unit, is new within the Company, and will lead the strategic sales and marketing efforts of DubLi’s Partner Program around the world, establishing a global network of professional sellers as well as all operating and development resources related to the Partner Program.  Mr. Arizmendi will be based out of the Company’s Corporate Headquarters in Boca Raton, Florida.

Mr. Arizmendi brings to MediaNet Group over 22 years of experience in the IT and Computer Software Industries, most recently as Vice President and Chief Operating Officer at BitDefender, a leading security software manufacturer in Eastern Europe.  At BitDefender, Mr. Arizmendi primary function was for accelerating the Company’s global footprint.  As such, he was responsible for the strategic and operational leadership of BitDefender’s global sales, marketing and customer service teams.  Mr. Arizmendi was responsible for launching BitDefender’s new partner program, the strategic realignment of the Company’s retail operations and the acquisition of new distributors around the world.

Prior to joining BitDefender in September 2010, Mr. Arizmendi spent 17 years with Microsoft, most recently as Senior Director of Channel Development, Sales, Marketing and Programs for Microsoft Central and Eastern Europe.  In this capacity, he designed and directed all activities related to building sales and marketing throughout all Microsoft channels, for all Microsoft solutions and for each customer segment.  Under Mr. Arizmendi’s leadership, the CEE region gained the most points worldwide in partner satisfaction; driven primarily by strong profit making initiatives.  Prior to his work within Microsoft’s SMB operations, Mr. Arizmendi spent 11 years in various positions within Microsoft’s Services organization, from commencing small professional services practices in the Latin American region to managing Microsoft’s technical relationship with The White House to a temporary position of Chief Operating Officer for all of Microsoft’s Latin American Services Businesses.

Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies stated, “In reviewing our strategy for the growth and development of the DubLi Partner Program, we identified a skill set that was required for this new key position within the Company.  Charles’ background, experience and strategic marketing expertise exceeded our expectations for the perfect candidate.  We are excited that Charles will be part of our growing executive team and look forward to his contributions as we commence the sales and marketing efforts of the Partner Program significantly, in 2012.  His experience in developing global sales initiatives as well as his expertise in both Central and Eastern Europe and Latin America, two important markets for DubLi, will undoubtedly prove extremely valuable to the entire DubLi organization.”

Charles Arizmendi continued, “I have been watching and admiring DubLi for several years now, so it was without second thought that I would join this exciting Company. Under Michael and Alessandro’s leadership and direction, I am prepared to take on the world with the DubLi Partner Program and welcome the opportunity to share what I have admired with others around the globe. DubLi’s business model is well positioned to take advantage of the world’s global shopping and entertainment arena and I look forward to enhancing Michael’s vision and executing new strategies for growth.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – November 1, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that it has launched its Global Shopping Mall to serve DubLi customers all over the world.

DubLi’s Global Shopping Mall includes over 10 million products from 400 merchants that ship to 214 countries. The DubLi Global Shopping Mall draws its merchant base from the US and the UK.  When a customer visits the Global Shopping Mall from anywhere in the world, it immediately determines their IP address and displays all prices in their local currency. The Global Shopping Mall also displays only products and merchants that will ship to the customer’s country of residence. Like DubLi’s Shopping Malls in Germany, the US, Spain, Australia and Denmark, the Global Shopping Mall allows customers to shop by merchant name and category.

Michael Hansen, President and Chief Executive Officer stated, “DubLi’s strategy has always been to offer our global customers access to all things DubLi on a localized level and the Global Shopping Mall certainly accomplishes this mission. We are excited about developing the Global Shopping Mall concept even further in 2012 with the addition of new merchants and more products.  In conjunction with the launch of the Global Shopping Mall, we have also debuted our Mall Daily Deals and Current Specials page to deliver specialized offers to our customers around the world and drive repeat traffic to our websites.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is built on innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Statements contained herein regarding our plans for developing the Global Shopping Mall concept even further in 2012 with the addition of new merchants and more products are examples of forward- looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) our inability to establish and maintain a large, growing base of business associates; (ii) our inability to maintain the initial success of our Xpress Gift Card concept, (iii) our inability to develop and maintain successful new shopping opportunities which are accepted by our customers (iv)an inability to develop and/or maintain brand awareness for our online auctions; (v) a failure to maintain the competitive bidding environment for our online auctions; and (vi) a failure to adapt to technological change. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – October 3, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that it has sold 50,000 of its DubLi Xpress Gift Card Reverse Auctions since the launch on May 11, 2011.

Michael Hansen, President and Chief Executive Officer stated, “Reaching 50,000 Xpress Gift Cards sold is an exciting milestone, one that demonstrates the validity of the concept.  We will continue to review, evaluate and enhance our reverse auctions, both Xpress and Unique. The Gift Card concept is illustrative of our plans and goals for the future of the Company, to create new and dynamic shopping opportunities that put our global customers on equal footing wherever in the world they reside.”

Consumers around the world bid on six different Gift Card categories, concurrently.  Each time a consumer bids on a Gift Card, the current price of that Gift Card is revealed and its price, simultaneously, is lowered by 0.20 (USD, AUD or Euro.)  Successful bidders may purchase the Gift Card for the displayed price and then use the proceeds to purchase goods and services from virtually anywhere they choose including the DubLi Shopping Malls.  Consumers who wish to participate in the new Xpress Gift Card auctions must first register for the DubLi VIP Member package, a complete access pass to everything DubLi.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, shopping mall platform and entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is built on innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Statements contained herein regarding the validity of our Xpress and Unique gift card concepts and our plans for new and unique shopping opportunities are examples of  forward- looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) our inability to establish and maintain a large, growing base of business associates; (ii) our inability to maintain the initial success of our Xpress Gift Card concept, (iii) our inability to develop and maintain successful new shopping opportunities which are accepted by our customers (iv)an inability to develop and/or maintain brand awareness for our online auctions; (v) a failure to maintain the competitive bidding environment for our online auctions; and (vi) a failure to adapt to technological change. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – September 27, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that DubLi Entertainment has added 26,000 online games to its platform.

The new gaming platform provides DubLi customers with a way to check-in with their favorite games, discover new gaming options and join a large community of gamers.  Many of the new games will allow users to let other gamers know what they are playing, leave or browse tips for their favorite games and earn badges.  The games cover many categories including: Featured, Hot New, Popular, Sports, Shooter, Strategy, Puzzle, Action, Multiplayer, Adventure, and Social.  Some of the games offer the ability to connect with Facebook, high scores and in game currencies, which allow players to purchase items and upgrades for a specific game. All games are free and some offer the ability to pay for upgrades. Access to games through DubLi Entertainment is free to DubLi customers.

Commenting on today’s announcement, Michael Hansen, President and Chief Executive Officer stated, “Online games are a large and rapidly growing form of entertainment, currently estimated at over $1 billion annually.  It is our mission to add valuable, flexible and a variety of choice to our customers regardless of their individual preferences. We expect the wide variety of game options available to appeal to our global base of customers and the social component of many of the new games should provide for greater visibility for our Entertainment platform. With DubLi.com’s increasing traffic combined with our subscription services, we expect to capture a greater portion of both impulse play as well as those habitual, loyal gamers from our customers.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – September 20, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that it has launched the DubLi Shopping Mall in Denmark, the fifth mall launched this year under the new shopping platform.

The DubLi Shopping Mall in Denmark features more than 250 of the most notable Danish brands including Georg Jensen, L’EASY, Day Birget et Mikkelsen, Stadium and Skagen. The launch of the Danish Shopping Mall comes in response to significant growth for the Company in Denmark over the last few years.  Since the beginning of 2011, DubLi has launched new Shopping Malls in Germany, the U.S., Australia, Spain and now Denmark.

Michael Hansen, President and Chief Executive Officer stated, “The new DubLi Shopping Mall platform is enjoying a welcome reception from our customers and Business Associates around the world.  With every new mall we launch, we benefit from the experience of capturing more data on the user experience so that we may deploy new optimization tools throughout our Shopping Mall universe.  While no two geographic markets are exactly the same, we are excited about the data we are gathering regarding consumer behavior, discretionary spending patterns and global ecommerce.  We are optimistic about the future of the DubLi Shopping Malls as we enter fiscal 2012.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – September 14, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that Troels Thostrup Andersen has been appointed Marketing & Communications Director, reporting directly to Michael Hansen, President and Chief Executive Officer, and Alessandro Annoscia, Chief Operating Officer.

Mr. Andersen joins the Company from Groupon GmbH, where he was Founder of Groupon Denmark and served as its Managing Director, following his earlier role as Vice President of International Business Development for Groupon Japan.

The Marketing & Communications Director position, a new role within the Company, is responsible for the inception and operations of the product management functions, analyzing and deploying new user optimization and retention tools, enhancing the user experience across all product lines and providing effective financial management of the Company’s marketing budget and all of MediaNet Group’s technology assets.  In this new position, Mr. Andersen will also be responsible for enhancing the value proposition for DubLi’s primary subscription product, the V.I.P. Member Package as well as all functional aspects of DubLi’s online properties.

Prior to joining Groupon GmbH in February 2011, Mr. Andersen was with BlackRock in London, where he was an analyst for Nordic Institutional Sales.  Mr. Andersen maintains his role as an Advisory Board Member with CPH Advisors, a firm he Co-Founded in 2009 that provides strategic advice in the field of Responsible Investing.  He began his professional career at Kirstein Finance in Copenhagen as Assistant Portfolio Manager.  Mr. Andersen is a graduate of Copenhagen Business School with a Masters of Arts in Mathematics and Economics.  He is an elite golfer and a Member of Mensa, the elite society for individuals with high IQ’s.  Mr. Andersen will relocate to the Company’s office in Berlin, Germany.

Troels Andersen, stated, “I am excited about participating in the future of a dynamic company, such as DubLi.  Michael has put together a company with tremendous opportunities and I look forward to contributing to its future success by applying valuable financial, analytical and optimization tools. DubLi’s business model is well positioned to take advantage of the world’s global shopping arena and I look forward to enhancing Michael’s vision and executing new strategies for growth.”

Michael Hansen, President and Chief Executive Officer stated, “We are thrilled to have attracted an executive of Troels’ caliber to DubLi.  His analytical and problem solving expertise will be invaluable to us as we further execute on our growth strategy.  His experience in building and managing successful sales teams will undoubtedly prove beneficial to DubLi Network as well as his knowledge of developing international businesses, particularly in the Asian markets.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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-          Forms Four New Committees  -

BOCA RATON, FL – September 8, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that its Board of Directors has established four new committees to enhance the Company’s existing corporate governance structure with the intent to improve shareholder value.

The Board of Directors has started a process to strengthen the Company’s corporate governance framework. The purpose is to meet the following objectives:

• Provide a structure by which management and the Board set clearly defined operating objectives, monitor performance against these objectives and actively focus on creating shareholder value,
• Strengthen and safeguard the Company’s unique business culture, integrity and responsible business practices, and
• Enhance the efficiency and efficacy of the Company’s human, financial, research and development resources and to implement a policy of performance accountability for all operational functions.

The first step of this process involves the Board’s authorization of four committees. The new committees and their respective chairperson are as follows

1. Audit and Finance Committee: consists of three independent directors, chaired by Lester Rosenkrantz
2. Nomination and Corporate Governance Committee: consists of three independent directors, chaired by Niels Thuesen
3. Compensation Committee: consists of three independent directors, chaired by Blas Garcia Moros
4. Corporate Communications Committee: includes all four members of the Board, chaired by Lester Rosenkrantz

Michael Hansen, President and Chief Executive Officer, stated, “The new Board of Directors of MediaNet Group has certainly been busy and proactive, laying the foundation for the future of the Company for our  shareholders, employees and customers.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, shopping mall platform and entertainment portal.  The Company’s business strategy combines its unique online shopping experience together with its worldwide distribution network that enables it to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group Technologies’ shopping and entertainment community is DubLi.com through which all of the Company’s products and services are delivered.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure of our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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-DubLi Shopping Mall-Spain Now Live-

BOCA RATON, FL – August 30, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that DubLi.com has launched its Customer Referral Program and the DubLi Shopping Mall in Spain.

The Customer Referral Program rewards V.I.P. Members for referring new customers who subscribe to the V.I.P. Member package. Existing DubLi V.I.P. Members can earn cash rewards that will be deposited directly into their DubLi Cash Organizer. All V.I.P. Member package holders are eligible to receive the DubLi-branded Debit Card to which they may deposit funds from their Cash Organizer.  The DubLi Debit Card will be available in multiple currencies to better serve DubLi’s global customer base.

The Company also announced the launch of the DubLi Shopping Mall in Spain that features some of the country and Europe’s most notable brands including El Corte Inglés, Fnac, Carrefour and Tienda Real Madrid. The Spanish Shopping Mall was built in response to significant interest from Business Associates and potential Partner Programs serving the Spanish market.

Michael Hansen, President and Chief Executive Officer stated, “We are excited about the launch of the Customer Referral Program. DubLi’s history in network marketing has taught us well about the power of direct and referral marketing and the Customer Referral Program sets the stage for us to capture many more consumer shoppers from our portals around the world.  At the forefront of our growth strategy, we will continue to offer additional products, services and benefits to our already loyal global customers. This new program provides customers with an additional medium by which to engage with DubLi.”

Mr. Hansen continued, “The launch of the DubLi Shopping Mall in Spain is the fourth this year under our new platform and we expect to launch Denmark before our fiscal year ends in September. We are pleased with the response to our new platform and search capabilities and look forward to additional opportunities for DubLi Shopping Malls around the world during next year.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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BOCA RATON, FL – August 16, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that early indications of its DubLi Xpress Gift Card Reverse Auctions have been favorable.

Since launching the new Gift Card Auctions on May 11, 2011, DubLi customers have purchased over 16,000 Gift Cards, of which almost 9,000 were purchased during the month of July alone.

Michael Hansen, President and Chief Executive Officer stated, “We are excited with the acceptance of our Gift Card concept.  Our goal in creating this new type of shopping application, allowed us to put discretionary spending decisions back into the hands of consumers and we are encouraged by the demand we are realizing from our global customers.  The DubLi model was built on a foundation of providing global shopping and entertainment alternatives, supported at a localized level by the depth and breadth of DubLi Network.  In addition, we are experiencing increasing demand from our customers to provide even greater everyday shopping opportunities through our new shopping mall platform which we intend to further develop and improve as we enter fiscal 2012.”

In conjunction with the launch of the New Xpress Gift Card auctions, DubLi announced a new eWallet system, powered by Paylution, which enables DubLi to transfer gift card funds, cash back rebates and Business Associate earnings electronically to its customers and network associates around the world, while also offering a wider variety of choices for recipients to access and use their funds. The Company is seeing organic growth from users who are keeping their money within the system and spending more on DubLi products and services.

Consumers around the world bid on six different Gift Card categories, concurrently.  Each time a consumer bids on a Gift Card, the current price of that Gift Card is revealed and its price, simultaneously, is lowered by 0.20 (USD, AUD or Euro.)  Successful bidders may purchase the Gift Card for the displayed price and then use the proceeds to purchase goods and services from virtually anywhere they choose including the DubLi Shopping Malls.  Consumers who wish to participate in the new Xpress Gift Card auctions must first register for the DubLi VIP Member package, a complete access pass to everything DubLi. 

The Company also announced that on July 22, 2011, it launched a new DubLi Australian Shopping Mall under a new platform.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, shopping mall platform and entertainment portal.  The Company’s unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.

The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors.  The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as “may,” “will,” “to,” “plan,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.

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