2006 Transaction Volume Was $5,115,491Compared To $474,460 for 2005 Through Expanded Web Malls

MARGATE, FL – 2/8/07 -- BSP Rewards, the primary operating subsidiary of MediaNet Group Technologies (OTCBB: MEDG), announced today that the company processed $ 5,115,491 of participating merchant transactions through its on-line mall platform in 2006. This is an increase of 1078% compared to the previous year.

”Since the launch of BSP Rewards in January of 2005, the company has continued to increase individual membership, the number of participating merchants in the network and the revenue and transactions generated through the platform,” said Mr. Martin Berns, Chief Executive Officer of MediaNet Group.  “We increased the number of merchants in our web mall in the past year from 252 to 551. Many of them among the nation’s best know retailers such as Macy’s, Sears, Shell , Hyatt Hotels, Linens-N-Things and Lowe’s. We have also launched our off-line program with Timberland and Budget Rent-A-Car as the initial in-store merchants”.

Mr. Berns added, “The company expanded our membership through agreements with debit card issuers that layer our platform onto their cards as a value added benefit for their card holders. Although initial revenue generated from these transactions is nominal, the continuing growth in memberships, merchants and transactions reflect both the acceptance of our platform and validation of our business model.”

BSP Rewards builds, brands, customizes and administers their proprietary loyalty/rewards/mall program for each client and organization and is also a value added element layered onto debit and stored value cards. Members receive up to 15% in rewards and up to 60% in discounts when purchasing merchandise and other products from the nation's best retailers through the BSP network.

Details about the program can be viewed at www.bsprewards.com