BSP Rewards Expands Presence In Network Marketing Channel

July 25, 2007. BSP has signed agreements for branded rewards malls for 2 additional network marketing companies. This expands the BSP MLM network to 7 multi-level direct sales companies.

The latest additions include Forum Technologies and My Group Card. My Group Card is in the pre-launch stage and Forum Technologies is a well established company in the MLM industry. Both companies have signed agreements for private branded reward shopping malls for their sales representatives and for sales prospects. Forum has also ordered co-branded BSP stored value debit cards. The cards will be utilized to pay commissions and as a vehicle to add BSP cash value reward points earned shopping through the mall.

The private branded malls include over 650 of the nations top merchants that offer rewards to BSP affiliated members who shop with them. The reward points can then be spent like cash to buy anything and everything from those merchants.

Martin Berns, CEO of BSP Rewards, Inc. commented, “Network marketing companies are very high affinity groups who utilize the mall for personal savings and to introduce friends, family and prospects to their business opportunity. We have found this industry to be above average in internet knowledge and shopping activity through our malls. We are very pleased to add these 2 companies to our BSP family".

 

Click Here for more news

 

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.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MediaNet Group Technologies, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.