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.