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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BOCA RATON, FL – August 15, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced  results for the third quarter and nine months ended June 30, 2011.

For the third quarter ended June 30, 2011, revenue was $2.9 million compared to $6.1 million for the third quarter ended June 30, 2010.  Gross profit for the quarter was $1.1 million, or 39% of revenue, compared to $4.2 million, or 70% of revenue, in the same period of 2010.  The net loss for the third quarter was $1.1 million, resulting in a loss per basic share of $0.00 and fully diluted share of $0.00, compared to a net income of $0.8 million, or earnings per basic and fully diluted share of $0.03 and $0.00, respectively, in the comparable 2010 period.  For the third quarter of 2011, the weighted average number of basic and fully diluted shares outstanding was 319,741,435 and 324,735,748, respectively, as compared to the same period of 2010, when the weighted average of basic and fully diluted shares outstanding was 28,621,680 and 337,450,905 respectively.

Revenue for the nine-month period ended June 30, 2011 was $9.4 million compared to $16.7 million reported in the nine-month period ended June 30, 2010.  Gross profit for the period was $4.7 million, or 50% of revenue, compared to $8.1 million or 49% percent of revenue in the comparable 2010 period.  The net loss for the nine-month period was $3.1 million or $0.01 basic and $0.01 per fully diluted share, compared to a net income of $2.5 million, or earnings per basic share of $0.09 and $0.01 on a fully diluted basis in the 2010 nine-month period.  For the nine-month period of 2011, the weighted number of basic and fully diluted shares outstanding was 270,679,678 and 274,008,730, respectively, as compared to the same period of 2010, when the weighted number of basic and fully diluted shares outstanding was 28,100,031 and 318,399,072, respectively.

MediaNet reports net income or loss on a GAAP and non-GAAP basis. Non-GAAP net income excludes non-cash expenses for depreciation and amortization and for stock-based compensation (SBC). In the third quarter of 2011, the charge related to SBC was $0.7 million, compared to $0 in the third quarter of 2010 and for the nine month period ended June 30, 2011, SBC was $1.4 million compared to $0 for the same period in 2010. Depreciation and amortization was $0.2 million in the third quarter of 2011, compared to $0.2 million in the third quarter of 2010 and for the nine month period ended June 30, 2011, depreciation and amortization was $0.7 million compared to $0.5 for the same period in 2010. The result is that Non-GAAP net income or (loss) for the quarter and nine months ended June 30, 2011 was $(0.2) million and $(1.0) million, respectively compared to Non-GAAP net income of $1.0 and $3.0 for the same periods in 2010. Despite negative earnings for Q3, Non-GAAP net income was close to break- even at $(0.2) million.  The Company increased its liquidity by $3.4 million after issuing 25.1 million new shares in a private placement. The non-GAAP measure is reconciled to the corresponding GAAP measures in the accompanying financial tables.

Michael Hansen, President and Chief Executive Officer stated, “As we expected, our third quarter operating results remained consistent with the first two quarters.  Revenue and income are down from a year ago, because we have invested considerable time, resources and money in the Company’s foundation and future, by recruiting strong management and highly skilled employees, developing our auction and shopping mall platforms and implementing strategic plans for DubLi to realize its potential as a global shopping and entertainment Company. I am very proud of our results compared to last year when we were just another online auction company. Today we are a state-of-the-art, global shopping and entertainment community and our momentum is returning while we put the finishing touches on our programs and products in August and September.  We begin our next fiscal year in October with a new and stronger business foundation that is supported by a new advertising plan, our recently launched partner program and the strength of our remarkable network marketing organization.  DubLi was built to deliver a world-class global shopping and entertainment portal using the localized and proven approach of a direct sales organization.  Fiscal 2010 has been marked by an investment in people and technology that enables us to efficiently serve consumers globally.”

Mr. Hansen continued, “I am pleased that the Company has transformed so significantly in just nine short months and I believe that we are well positioned to capture a greater portion of our global consumers discretionary spending. The new DubLi Gift Card auctions were well received this quarter and the additional business it has garnered from our customers, Business Associates and partners around the world is gratifying.  In addition, I am very pleased with advances in our partner programs, the growth in 5% Cashback shopping programs in the German, U.S. and Australian online shopping malls. I look forward to presenting our new malls coming online soon in Spain and Denmark.”

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.

The following Table summarizes the Company’s results of operations for the third quarter and nine month periods ended June 30, 2011 and 2010.

The following Table summarizes the Company’s financial position as of June 30, 2011 and September 30, 2010.

The following Table summarizes the Company’s cash flows for the nine month periods ended June 30, 2011 and 2010.

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-A Dynamic Executive with Proven History of Growth, Operations Management and International Expansion-

BOCA RATON, FL – June 9, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that commencing July 1, 2011, Alessandro Annoscia will join the Company as Chief Operating Officer, reporting directly to Michael Hansen, President and Chief Executive Officer.   Mr. Annoscia brings to MediaNet Group over 20 years of success in helping both big corporations and start-up companies grow sales and organizations globally.

Michael Hansen, stated, “We are honored and privileged to have attracted such a strategic-minded executive to the MediaNet Group team to help lead us through our next phase of growth.  Alessandro’s experience in building sales organizations, specifically in developing regions of the world, while designing and deploying global best sales practices should prove beneficial to our global business. His expertise in creating consumer-centric sales organizations and multicultural sales teams will be of significant value throughout the entire DubLi organization.

Alessandro Annoscia said, “I am thrilled with this opportunity and firmly believe the distinguishing characteristics of the company—innovative technology on a global platform with a strong customer focus—will prove to be a solid foundation for growth in the months and years ahead.”

Mr. Annoscia joins MediaNet Group from Groupon GmbH where he led competitive strategies in Japan and built the E-Commerce practice in Beijing.  As sales director he was responsible for all operations, strategies, staffing and overall management for the practice, which grew from 0 to 20% of the Company’s total Beijing sales within in the first month of operation.  Prior to joining Groupon GmbH, Mr. Annoscia spent time in Silicon Valley as an investor and Chief Operating Officer of Rackup.com, where he was responsible for operations, sales, marketing and technology, as well as funding strategies and financial modeling. He also co-founded PointGrow Inc., is a founding investor of Openbucks.com and an advisor to insteal.com, a Beijing early stage start-up.

From 1993-2008, Mr. Annoscia held positions of increasing seniority with Microsoft Corporation, most recently as Senior Director, Global Sales Excellence.  In this role, he developed a new global relationship management strategy and introduced standardized processes to global account teams.  Prior to his Global role, he held various executive positions in the Latin American region leaving as the General Manager, Enterprise Partners & Alliances, where he helped re-engineer the overall distribution, alliance and channel sales and services organizations resulting in a sales increase of almost 40%, distributor direct renewals of more than 30% and ROI rates for alliance investments of more than 40%. Earlier in his career at Microsoft, Mr. Annoscia was Regional Director of Sales and Marketing, General Manager and Microsoft Consulting Services Practice Manager for Microsoft in Latin America and Mexico.

Mr. Annoscia began his career with Accenture right after college where he rose to the position of Senior Manager of the government and services practice for Mexico.

Mr. Annoscia is a graduate with a Bachelor of Arts in Computer Science from Jones College in Jacksonville, Florida and attended the General Management Executive Program at Columbia University in New York. 

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.

BOCA RATON, FL – May 17, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that its DubLi.com subsidiary has launched its  new Xpress Gift Card Reverse auctions on each of its four auction portals.

Consumers around the world can now bid on six different Gift Card categories, concurrently, utilizing the new DubLi Gift Card auctions.  Similar to its previous Xpress Auctions, 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 (Dollars/Euros.)  Successful bidders may purchase the Gift Card for the displayed price and then use the cash to purchase goods and services from virtually anywhere they choose or on one of the DubLi Shopping Malls. 

Michael Hansen, President and Chief Executive Officer stated, “The nature of the DubLi business model allows us to quickly respond to customer demands on a global basis. The launch of the Gift Card auctions further enhances our global shopping environment for all consumers, enabling them to bid against each other. Our reverse auction concept has evolved to a level where we are able to put spending decisions back into the hands of the consumer and let them choose how, where and when they wish to spend their discretionary income.  Initial results of the new Gift Card auctions are quite favorable and we are excited about the potential for the integration of all of DubLi businesses within this new concept.”

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.  Once registered, customers will be eligible to receive the new DubLi Debit MasterCard that can be used at merchants and ATMs worldwide.

In conjunction with the launch of the New Xpress Gift Card auctions, DubLi also announced a new eWallet system, powered by Paylution, which enables DubLi to transfer funds electronically to its customers around the world, while also offering a wider variety of choices for recipients to access and redeem their earnings.  Customers will be able to transfer their funds to their eWallet account and/or, shortly, to their own personal DubLi-branded Debit MasterCard.

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.

BOCA RATON, FL – May 16, 2011 - MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced  results for the second quarter and six months ended March 31, 2011.

For the second quarter ended March 31, 2011, revenues were $3.1 million compared to $6.3 million for the second quarter ended March 31, 2010.  Gross profit for the quarter was $1.8 million, or 56% of revenue, compared to $2.8 million, or 42% of revenue, in the same period of 2010.  The net loss for the second quarter was $1.4 million, resulting in a loss per basic share of $0.01 and fully diluted share of $0.00, compared to net income of $1.3 million, or earnings per basic and fully diluted share of $0.04 and $0.00, respectively, in the comparable 2010 period.  For the second quarter of 2011, the weighted average number of basic and fully diluted shares outstanding was 247,129,155 and 249,696,480, respectively, as compared to the same period of 2010, when the weighted average of basic and fully diluted shares outstanding was 28,484,206 and 339,037,717 respectively.

Revenue for the six month period ended March 31, 2011 was $6.5 million compared to $10.6 million reported in the six month period ended March 31, 2010.  Gross profit for period was $3.5 million, or 52% of revenue, compared to $3.9 million or 37% percent of revenue in the comparable 2010 period.  The net loss for the six month period was $1.9 million or $0.01 basic and $0.00 per fully diluted per share, compared to net income of $1.7million, or earnings per basic share of $0.06 and $0.01 on a fully diluted basis in the 2010 six month period.  For the six month period of 2011, the weighted number of basic and fully diluted shares outstanding was 246,148,800 and 248,645,221, respectively, as compared to the same period of 2010, when the weighted number of basic and fully diluted shares outstanding was 28,484,206 and 277,167,462, respectively.

Michael Hansen, President and Chief Executive Officer stated, “We have spent the last few years planning the makeover of the DubLi product line which was largely implemented during first half of fiscal 2011.  As such, revenues were in line with our expectations, which took into account the transition period for our new technology platforms and the extensive training, development and education of our global sales force in order to enhance their productivity with our new product offerings.”

Mr. Hansen continued, “Following the investment and efforts in developing our product offering during these last few quarters, we believe we are well-positioned to maximize and capitalize on our shopping concept and business strategy. We expect the improvements to our business model and technology platforms to facilitate the global market penetration and acceptance of our products.   In addition, we fully expect to not only cast a wider net, but also to garner greater loyalty and additional discretionary spending from our customers, Business Associates and partners around the world.”

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.

The following Table summarizes the Company’s results of operations for the second quarter and six month periods ended March 31, 2011 and March 31, 2010

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