History of MediaNet Group

On October 19, 2009, a revolution in the online shopping environment occurred. MediaNet Group merged with CG Holdings Limited, the owner of all the DubLi properties. MediaNet Group acquired all of the issued and outstanding shares of CG for 5,000,000 shares of the Company’s Series A Preferred Stock, which will be automatically converted into Common Stock based on a pre-designated conversion rate. Accordingly, Zen Holding Group Limited, the sole record holder of CG owns approximately 90% of the voting power of the Company.

The uniting of the DubLi and BSP platforms combined 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 ecommerce sector. Our technology combined with MediaNet Group’s long term relationship with top brand vendors make it possible to set new standards within the industry. We believe that the business combination helped to secure the foundation of unique method of international shopping and set the stage for further worldwide expansion.