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BSP Rewards and MyECheck Ink Agreement




September 10, 2007. MyECheck has entered into an agreement with BSP Rewards whereby BSP shall build them a private branded rewards mall as a value added benefit to clients and consumers utilizing the MyECheck platform and program.  BSP has also agreed to add the MyECheck payment option on their network of web malls and MyECheck has agreed to introduce the BSP program to their participating merchants.

MyECheck provides a full suite of comprehensive Check 21 imaging, processing and related solutions for online merchants, call centers, billers, retail POS and RDC/back office applications. MyECheck utilizes a patent pending method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments.

Ed Starrs, CEO of MyECheck stated, “The BSP program allows offers us the ability to expand our processing throughout their extensive on-line network and client base while offering a value added incentive benefit to their members and ours. Additionally, having a private branded BSP mall provides us with a competitive edge over other payment processors.
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Mr. Starrs further noted, “The BSP Rewards Mall platform fits perfectly with our model. Many of our clients have requested recommendations relative to becoming part of a national rewards mall program and also having a private branded incentive/reward/loyalty program of their own that can be cross marketed to large member bases.  The BSP program uniquely fits those criteria”.

Martin Berns, CEO of BSP Rewards, Inc. commented, “We have been researching and reviewing the multitude of payment options for members shopping in our rewards and MyECheck offers a full range of products, services and pricing that fit our criteria. We are exceedingly pleased with their professionalism, platform and the in-store channels we can build together.”

 


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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.

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.



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