BSP Rewards and CREDITZ Digital Currency announce online licensing and exchange agreement
July 22, 2007. BSP Rewards, which builds "branded" loyalty/reward programs and branded discounts web malls, and CREDITZ, will also exchange CREDITZ for BSP Reward points. This agreement will also allow BSP members to exchange their BSP points for CREDITZ Digital Currency to be redeemed at participating CREDITZ retail merchant locations. The agreement will enable CREDITZ to be used as a form of payment on BSP Rewards online malls.
"CREDITZ has a unique system that combines a cost effective, micro-payment transaction engine, loyalty and marketing capabilities that really provide unique value to consumers and retailers." said Martin Berns, CEO of BSP Rewards. "We are excited about the potential impact CREDITZ will bring to our service and we believe that our members will quickly realize the value of the CREDITZ system. Teaming with the CREDITZ system should help us deliver added value to our member experience both on-line and in-store."
"The BSP marketing program allows participant merchants, manufacturers and service organizations the opportunity to become redemption centers and enjoy their full retail margins on redemptions," said Lawrence Bracco, Chief Marketing Officer of CEOA. "We wholeheartedly support this philosophy in providing consumers with real value while maintaining price integrity for merchants. We are pleased to be able to provide our CREDITZ accountholders with this avenue for redemption and exchange of value."
CREDITZ accountholders will now be able to redeem their CREDITZ and shop at over 650 online merchants in the BSP branded shopping malls, purchase gift cards and get paid CREDITZ by shopping at participating in-store merchants.
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BSP Rewards, Inc, is a wholly-owned company of MediaNet Group Technologies, Inc. MediaNet Group Technologies is a publicly held Company (OTCBB: MEDG) that encompasses an integrated group of operating divisions that revolve around the many aspects of technology and media including, branded rewards programs web portal programs, television and video production and intellectual properties.
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