For Immediate Release

DubLi.com Successfully Launches Global Auction Portal and Australian Portal

BOCA RATON, FLORIDA – July 6, 2010 – MediaNet Group Technologies, Inc. (OTCBB: MEDG) today announced that its wholly-owned subsidiary, DubLi.com, Ltd. successfully launched its previously announced Global Auction Portal and Australian Auction Portal in late June.  DubLi.com now offers four auction platforms; including the two existing platforms in the North America and the European Union, and two new platforms, one for Australia and the Global platform serving the balance of the world.

Highlights of the Multi-Platform strategy include:

• Giving users from around the world the ability to bid against each other simultaneously on select products with the price of those products reducing, in real-time, on all four platforms.
• Generating increased bidding activity and creating additional buying opportunities.
• Increasing the activity from worldwide bidders, in every time zone, 24 hours a day provides for greater ability to add state-of-the-art luxury products and travel adventures.
• Allowing customers to view auction items in their own local currencies.
• Enhanced features and benefits that make the auctions more user friendly including a calendar showing how long the auction has been running
• Worldwide shipping to most countries based upon specific product selection criteria.

Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies and the founder of DubLi.com stated, “Today we announce the successful launch of a global shopping revolution. We believe we are the first to offer consumers around the world a new and better way to get the most for their money while shopping online through the reverse auction platform.  With DubLi.com, shopping online will no longer be bound by borders, time zones, language or currency.  We are proud to offer the global shopping community a new way to find named brand products at a fraction of the price in an environment that is fun, exciting and easy to use.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board (“OTCBB”) under the symbol MEDG.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

MediaNet Group Technologies, Inc. is a global marketing company that sells high end branded merchandise to consumers through Internet-based auctions conducted under the trade name “DubLi.com.”  Our online auctions are conducted in Europe, North America, Australia/New Zealand and to the rest of the world through our Global Portal.  These auctions are designed to offer consumers real savings on these high end goods.  The Company has a large network of independent business associates that sell “credits”, or the right to make a bid in one of our auctions.  The Company, through its BSP Rewards subsidiary, also offers private branded loyalty and reward web malls where members receive rebates (rewards) on products and services from participating merchants.

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 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

DubLi Worldwide Auction Platform to Launch June 2010

BOCA RATON, FLORIDA – June 15, 2010 – MediaNet Group Technologies, Inc. (OTCBB: MEDG) today announced the Company’s plan to launch a worldwide auction platform.  Through its wholly-owned subsidiary, DubLi.com, the Company’s global platform will allow customers around the world to vie for top brand items.  This platform, along with an Australian platform, will be launched at the end of June. By the end of June 2010, DubLi.com will host a total of four auction platforms to serve customers in North America, Europe, Australia and the remaining parts of the world. Michael Hansen, Founder of DubLi and President and CEO MediaNet Group, stated, “The global platform offers DubLi.com the ability to capitalize on the world’s time zones, enabling us to sell more products.  In addition, this platform allows customers to participate in the auction along side customers on the other side of the world.”

The four auction platforms will interact and impact the other as customers around the world will have the opportunity to contend for high end merchandise as well as unusual items and travel adventures.  Mr. Hansen continued, “We are raising the expectations of customers by the items offered across our four platforms; where other companies will have to follow our lead in order to stay competitive.”  Combined, these platforms are going to showcase an impressive inventory of a variety of auction items.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board (“OTCBB”) under the symbol MEDG.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

MediaNet Group Technologies, Inc. is a global marketing company that sells high end branded merchandise to consumers through Internet-based auctions conducted under the trade name “DubLi.com.”  As of March 31, 2010, our online auctions were conducted in Europe, North America, Australia and New Zealand and we had a large network of independent business associates that sold “credits”, or the right to make a bid in one of our auctions.  These auctions are designed to offer consumers real savings on these high end goods.  The Company, through its BSP Rewards subsidiary, also offers private branded loyalty and reward web malls where members receive rebates (rewards) on products and services from participating merchants.

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 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

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MediaNet Group Technologies Appoints Michael Hansen as CEO of BSP Rewards

BOCA RATON, FLORIDA – June 14, 2010 – MediaNet Group Technologies, Inc. (OTCBB: MEDG) today announced that Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies, Inc. has been named Chief Executive Officer of the Company’s wholly-owned subsidiary, BSP Rewards, Inc.

Kent Lee Holmstoel, Chief Operating Officer of MediaNet Group Technologies, Inc. (“MediaNet”) stated, “When we first learned of BSP Rewards, we immediately saw the value that it would bring to our customers and the ability of its online mall to seamlessly fit with our reverse auction platforms.  Since that time, the integration of BSP Rewards with the DubLi technology has proven to be successful and we are excited about the continued enhancements to BSP Rewards online services.  Michael will be instrumental in bringing BSP Rewards to the next level of the customer experience and he continues to shape its service offerings in order to enhance the shopping experience and increase our customers’ usage of our shopping malls in our primary markets in the world.”

Mr. Holmstoel continued, “Michael has demonstrated his ability as a visionary and a strong leader to DubLi and, more recently, to MediaNet and we look forward to having his leadership as the new CEO of BSP Rewards.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board (“OTCBB”) under the symbol MEDG.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

MediaNet Group Technologies, Inc. is a global marketing company that sells high end branded merchandise to consumers through Internet-based auctions conducted under the trade name “DubLi.com.”  Our online auctions are conducted in Europe, North America, Australia and New Zealand and we have a large network of independent business associates who market our auctions.  These auctions are designed to offer consumers real savings on these high end goods.  The Company’s BSP Rewards subsidiary, also offers private branded loyalty and reward web malls where members receive rebates (rewards) on products and services from participating merchants.

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 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

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DubLi to Launch Global Entertainment Platform

BOCA RATON, FLORIDA – June 9, 2010 – DubLi, a subsidiary of MediaNet Group Technologies, Inc. (OTCBB: MEDG), today announced it will launch a global entertainment platform.  The platform will provide customers around the globe with the opportunity to subscribe to a variety of entertainment and media accessories such as music, movies, audio books and more.  DubLi Entertainment’s subscription-based platform will allow users to access their entertainment library from any device in any given location or from a social networking site.  This product offering is unique to the eCommerce, technology and multilevel marketing industries and will assist in positioning the organization as a leader in each.

The first component of DubLi Entertainment, music, is expected to launch at the end of 2010 with additional offerings rolling out over the course of the following year.  Brack Jaskey, Chief Technology Officer, stated, “We are breaking new ground within the online shopping industry with DubLi Entertainment.  We are excited about this launch because it creates a new and innovative revenue stream for the Company and provides DubLi customers with a tool that centralizes all of their online shopping needs.”  All media content through DubLi Entertainment will be licensed and will adhere to the applicable laws and regulations.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board (“OTCBB”) under the symbol MEDG.  Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

MediaNet Group Technologies, Inc. is a global marketing company that sells high end branded merchandise to consumers through Internet-based auctions conducted under the trade name “DubLi.com.”  As of March 31, 2010, our online auctions were conducted in Europe, North America, Australia and New Zealand and we had a large network of independent business associates that sold “credits”, or the right to make a bid in one of our auctions.  These auctions are designed to offer consumers real savings on these high end goods.  The Company, through its BSP Rewards subsidiary, also offers private branded loyalty and reward web malls where members receive rebates (rewards) on products and services from participating merchants.

Except for historical matters contained herein, statements made in this press release are forward-looking.  The quote by Brack Jaskey, in particular, is a forward-looking statement.  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 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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.

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BOCA RATON, FLORIDA – June 2, 2010 – MediaNet Group Technologies, Inc. (OTCBB:MEDG) today announces that three top executives have joined the management team – Wendy Berkowitz, Richard W. Robson, Jr., and Brack Jaskey.

Wendy Berkowitz, as the Company’s buyer, now leads the team in the planning, purchasing and the implementation of auctions, and auction items as well as exclusive adventures. With her education from Northeastern University coupled with nearly 20 years experience in purchasing and product placement for sizeable companies such as Blockbuster Entertainment and Nieman Marcus, Ms. Berkowitz lends her skills to bring top of the line brand name products to DubLi.com.

Joining the Group as the head of customer service is Richard W. Robson, Jr. His skills and experience provide a solid foundation for building a worldwide customer service department bringing the offerings of the organization’s customer service operations to an unprecedented level. Mr. Robson’s career spans over a decade and his dedication to providing stellar customer service brings extraordinary value to the organization.

Mr. Jaskey has accepted the position of Chief Technology Officer and brings to the organization close to 20 years of experience in the technology industry and corporate environment. Mr. Jaskey holds a Juris Doctorate from University of Seattle Law School and practiced corporate law for five years before transitioning to the eCommerce industry where he successfully developed Search Engine Optimization and Internet marketing outsourcing solutions. “We are thrilled to have Brack as part of the team. With his talents and experience he is without a doubt an asset to the organization”, shared Michael Hansen, Founder of DubLi and CEO and Director of MediaNet Group.

These executives will play an intricate role in the execution of the Company’s overall organizational expansion which includes a global reverse auction, entertainment platform and virtual academy specific to the industry of network marketing. The Company is preparing to launch their global platform in June 2010. This platform will allow DubLi.com to offer top of the line, brand name products to customers around the world. Towards the later end of 2010 the entertainment piece of the Group’s expansion will be launched with music as the first offering. Another portion of this expansion is the virtual academy developed to provide information and educational resources to business associates around the globe at any time.

-Revenues increased 41% in second quarter and 77% for the six month period-

BOCA RATON, FL – May 25, 2010 — MediaNet Group Technologies, Inc. (OTCBB: MEDG), a worldwide marketing firm, today announced financial results for the second quarter and six months ended March 31, 2010.

For the second quarter ended March 31, 2010, revenues increased 41% to $7,030,213 compared to $4,999,126 for the second quarter ended March 31, 2009. Gross profit in the second quarter was $2,665,566, or 38% of revenues, compared to $1,958,549, or 39% of revenues, in the same period of 2009, an increase of 36% over the second quarter of 2009. Net income in the second quarter was $836,601 resulting in earnings per basic share of $0.03 and per fully diluted share of $0.00, as compared to net income for the second quarter of 2009 of $676,382, and earnings per basic share and fully diluted share of $0.03. In the second quarter of 2010, the weighted average number of basic and fully diluted shares outstanding was 28,484,206 and 339,037,717, respectively. In the same period of 2009, the weighted average number of shares outstanding was 20,674,802 on both a basic and fully diluted basis. The increase in basic shares outstanding between the periods is primarily attributable to the exercise of warrants. The substantial increase in fully diluted shares outstanding is due to our issuance of 5 million shares of Series A Convertible Preferred Stock in October 2009.

For the six months ended March 31, 2010, revenues increased 77% to $14,520,401 compared to $8,187,410 for the six months ended March 31, 2009. Gross profit in the six month period ended March 31, 2010 was $5,098,205, or 35% of revenue, compared to $2,930,317, or 36% of revenue, in same period of 2009, an increase of 36% over 2009. Net income in the first six months of 2010 was $1,293,470 resulting in earnings per basic share of $0.05 and per fully diluted share of $0.00, as compared to net income for the first six months of 2009 of $562,286, and earnings per basic and fully diluted share of $0.02. In the first six months of 2010, the weighted average number of basic and fully diluted shares outstanding was 28,484,206 and 277,167,462, respectively, as compared to the same period of 2009, when the weighted average number of shares outstanding was 20,674,802 on both a basic and fully diluted basis.

Commenting on the first half of 2010 results, Michael Hansen, President and Chief Executive Officer, stated, “We are excited that our unique operating strategy successfully maintained momentum and growth during the first half of 2010. We have successfully commenced our US operations to one single location in Boca Raton. We believe that the execution of our prudent and measurable operating strategy will continue to widen the gap between DubLi and any potential competitors during a time where many established shopping portals are struggling due to lack of flexibility and scalability. Our comprehensive operating, growth and financial strategies of the entire DubLi universe are all designed to maximize our relationship with the end consumer and provide them with the best possible experience when visiting our site. We continue to deliver a superior product that has genuine value to the consumer which we believe will drive them to return to our model. One of our competitive advantages is that our business model allows us to offer whatever is in demand at a particular moment in time, regardless of economic issues, and without having to consider ties to any vendor or manufacturer.”

Kent Lee Holmstoel, Chief Operating Officer, continued “While executing on growth strategy we have simultaneously been investing considerable time, resources and capital into technology that we believe will set new trends for Internet shopping in the future. These investments include providing proper training and support of our sales and marketing engine, DubLi Network, as well as developing our global auction portal that will allow us to capitalize from consumers all over the globe. We are also focused on continuing to identify and take advantage of the changing dynamics of consumer behavior by giving them tangible aspects from which to continue to return to our portals.”

The following Table summarizes the Company’s results of operations for the three and six months ended March 31, 2010 and 2009:

Contacts:

MediaNet Group Contact: Cameron Associates:

Stefanie Kitzes John McNamara

stefanie@medianetgroup.com john@cameronassoc.com

561-417-1500 212-554-5485

 BOCA RATON, FL– February 22, 2010 — MediaNet Group Technologies, Inc. (OTCBB: MEDG), a worldwide online trading firm, today announced financial results for the 2010 fiscal year first quarter period ending December 31, 2009.

 For the first quarter ended December 31, 2009, the Company reported revenue of $8.1 million, and net income of $765,516. This compares to revenue in the first quarter of fiscal 2009 of $2.9 million and a net loss of $510,058 and revenues of $14.5 million for the fiscal year ended September 30, 2009.  The increase in revenue was due primarily to sales of products and through our expanded base of new Business Associates particularly in the United States and Australia/New Zealand markets. 

Gross profit for the first quarter of fiscal year 2010 reached $3.1 million versus gross profit of $985,918 for the first quarter of fiscal year 2009, a 212% increase.  Gross profit margin increased to 38% from 34% in the 2010 first quarter from the 2009 first quarter as a result of the decrease of direct cost of revenue due to the increase in revenue and more efficient purchasing practices. At December 31, 2009, the Company had net cash of $3.9 million with no long term debt. 

Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies said, “Our first quarter financial results are a strong reflection of our ability to execute our business plan on a global scale. Revenues in the first quarter increased more than 175% on a year over year basis due to the growth and acceptance of the reverse auction model coupled with our own growing customer loyalty as well as the quality of our products and service. As we move further into 2010, we intend to focus on the unique capabilities offered by our Cinch and Connect technologies, maximizing the ability for greater tracking and, thus, specific targeting for our products and services and BSP powered shopping malls.”

Mr. Hansen continued, “We believe we are well positioned to take advantage of the world economies. Our distinctive platform provides us flexibility and adaptability to meet respective market demands quickly and offer our customers continued value by offering the products and services they require.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies is a publicly held Company (OTC.BB:MEDG – News). The main emphasis of the company operations rests in our DubLi.com, Dubli Network and BSP Rewards divisions.

DubLi is a worldwide online auction portal. It is composed of two very unique and individual business models; DubLi.com — a reverse auction portal for high level branded merchandise offered at highly competitive prices and DubLi Network — the business opportunity where individuals around the world can establish their own business in a competitive market. The success behind DubLi.com’s ‘reverse auction’ lies in the formula of being able to drive down prices incrementally with bids placed by consumers. It is a value based proposition where a consumer will buy when the price reaches a point of interest to the buyer.

BSP Rewards is an extremely affordable Private Branded “customer relationship marketing program” and “communications solution” that utilizes our proprietary loyalty and internet rewards mall platform and applications. The BSP Rewards Mall licenses our proprietary rewards online mall platform, and builds “merchant funded” private branded programs both for profit and non-profit organizations.  

“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.

Contacts:

MediaNet GroupTechnologies, Inc.                                

Michael Hansen  

Chief Executive Officer                                                

mha@DubLi.com

Investor Relations:

Cameron Associates

John McNamara

john@cameronassoc.com

212-554-5485   

SELECTED RESULTS OF OPERATIONS FOR THE THREE ENDED DECEMBER 31,

To Enhance Consumer-Centric Shopping Experience

MARGATE, FL, Nov. 3, 2009 (Marketwire) –

MARGATE, FL — (Marketwire) — 11/03/09 — MediaNet Group Technologies, Inc. (OTCBB: MEDG), and its Lenox Resources, LLC subsidiary, today announced that it has executed and completed a Software Purchase Agreement with MSC, Inc. for the purchase of its software platform for database tracking, monitoring, statistic tools and the widget known as CINCH and Connect. The purchase price of the software was $400,000 in cash paid at closing and two percent of the common stock of the Company. This transaction is non-dilutive to MediaNet Group’s existing common shareholders.

CINCH and Connect together comprise a unique system of integrated software tools and services for sales and marketing professionals to streamline training, sales, marketing and customer retention. CINCH is a client-side desktop application and personalized shopping assistant. CINCH assists customers by delivering one-click ease and security for access to online shopping by providing a two-way communications channel for personalized content and customer feedback controlled by the customer and without using a browser.

The web-based Connect system delivers a suite of communication tools to enable interactive customer relationship management (CRM) by connecting all CINCHs installed on customer and sales associate desktops. Connect empowers salespeople to connect with their customers and prospects via video streaming, email, interactive webinars, a private instant messaging channel and other web-based and multimedia marketing services. A parent organization can communicate with Connect to all its field sales teams and assist with marketing to customers, while customers can provide feedback directly to sales and the parent corporation alike. CINCH for smart phones is under development and will provide mobile access to the same powerful tools.

Kent Lee Holmstoel, Chairman and Chief Operating Officer of MediaNet Group Technologies, Inc., stated, “We are excited about the acquisition of CINCH/Connect as it enhances our overall business strategy of continuously offering our customers an easier, more convenient shopping experience. CINCH/Connect will enable us to market and target products and services based upon an individual customer’s interests and demands, ultimately producing higher sales conversions rates. Once integrated, the search, purchase and payment of a product will be completed without the individual ever opening their web browser.”

Mr. Holmstoel continued, “We have beta tested the CINCH/Connect technology with many of our DubLi.com customers and Business Associates and are gratified by the initial results. The CINCH/Connect software allows for greater communication with our customers in providing them the products and services they are looking to purchase.”

MARGATE, FL and BERLIN, Oct. 19, 2009 (Marketwire) –

MARGATE, FL and BERLIN — (Marketwire) — 10/19/09 — 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”). Upon completion of the merger, DubLi became a wholly-owned subsidiary of MediaNet, and DubLi’s Chief Executive and Operating Officers will assume the same positions with MediaNet. MediaNet’s board of directors will also be controlled by directors nominated by DubLi. Additional details of the merger transaction appear in MediaNet’s reports on Form 8-K filed with the Securities and Exchange Commission on August 14 and September 30, 2009.

As previously disclosed in the amended merger agreement filed with the Commission on September 30, at closing MediaNet issued 5,000,000 shares of Series A Convertible Preferred Stock to DubLi shareholders and no common stock. The Series A Convertible Preferred Stock automatically converts into 90% of the shares of common stock of MediaNet to be issued and outstanding after the conversion and has 90% of the voting power of MediaNet’s shareholders. MediaNet will file proxy material with the Commission to increase its authorized common shares to 500,000,000 and its authorized preferred shares to 25,000,000. Upon completion of the increase in authorized shares, the fully diluted common shares of MediaNet will be 299,016,520, of which DubLi shareholders will own 269,114,868 shares.

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.”

MARGATE, FL and BERLIN, Sep. 25, 2009 (Marketwire) –

MARGATE, FL and BERLIN — (Marketwire) — 09/25/09 — 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 amended its definitive merger agreement with CG Holdings Limited, a privately-held, European-based holding company for the DubLi companies, a worldwide online trading firm (”DubLi”). As amended, the agreement provides for the issuance of 5,000,000 shares of Series A Convertible Preferred Stock to DubLi shareholders and no common stock. The Preferred Stock will have 90% of the voting power of MediaNet’s shares. As amended, the merger agreement provides that after the closing of the business combination with DubLi, MediaNet will increase its authorized common stock from 50,000,000 shares to 500,000,000 shares, at which time the Series A Convertible Preferred Stock will be automatically converted into 90% of the shares of common stock of MediaNet to be outstanding after the conversion.