BSP Rewards - Branded Loyalty Rewards Programs

MediaNet Group’s BSP Rewards Division Selected by Giftco to Develop Fund Raiser Web Mall For Schools

MARGATE, FL – January 10, 2008 -- MediaNet Group Technologies, Inc. (OTCBB: MEDG), a leading developer of private branded web malls and online affinity programs through its BSP Rewards subsidiary, announced today the formation of a strategic relationship with Giftco, Inc., a leading provider of gifts and merchandise for the fund-raising industry with a client base that includes a significant segment of the school systems throughout the United States. As part of the agreement, BSP Rewards will develop and Web Mall fundraising program for Giftco. Giftco customers, like the other BSP rewards users which have doubled in the past year to nearly 1 million, will be able to shop online for their favorite items at over 725 retail stores and other merchants while saving money and earning points for additional savings or other pooled purchasing power.

Commenting on this groundbreaking marketing relationship, Martin Berns, Chief Executive Officer of MediaNet Group Technologies, said, “This is a very important milestone for BSP Rewards as we now have a national marketing partner with critical access to an influential client base. Giftco is a national supplier of school fund-raising products and has been a leader in the fund-raising industry for over 35 years. As a popular supplier of products used to raise money to fund educational, enrichment and athletic programs at over 25,000 schools across the country, Giftco is connected with parent-teacher associations (PTAs), school officials, students and other school supporters, among other consumer groups, which are highly attractive demographics for Internet-based retail shopping programs created by BSP Rewards. These consumers are ideal beneficiaries of the convenience and purchasing power made available through BSP’s leading online shopping mall, the largest single source for affinity-based e-commerce.”

Howard Shapiro, V.P. Marketing, of Giftco stated, “Giftco, the leader in fund-raising incentive programs, is very excited to announce that it has chosen BSP Rewards to complement and enhance its marketing capabilities for Giftco customers. After viewing the BSP presentation and meeting with the people involved in BSP and its parent company MediaNet Group Technologies, Giftco is very encouraged to have created a strategic relationship with the developer of the leading online mall and affinity program.”

Giftco distributes merchandise throughout every state in the United States and also in Canada, and has been instrumental in assisting its customers to raise much needed funds for schools. In addition to providing the merchandise for purchase by the consumer, Giftco offers the most comprehensive selection of incentive programs to aid students in the sale of the products.

Established in 1975 in Vernon Hills, IL, Giftco has become the market leader in providing gift items and specialty products to the fund-raising industry. The company’s success stems from its continued ability to combine Giftco’s proprietary fund-raising line, strong customer and supplier base and proven service capabilities through the organization’s comprehensive knowledge of the complex fund-raising sales cycle.

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.