MediaNet Group and Meridian Enterprises to Participate at Card Forum

 

MARGATE, FL and ST. LOUIS, MO – April 2, 2008 –MediaNet Group Technologies, Inc. (OTCBB: MEDG), the largest online mall and affinity program platform through its BSP Rewards subsidiary, and Meridian Enterprises Corporation, a leading national affinity, incentive and sales promotion firm with a Fortune 1,000 clientele, today announced their joint participation at the 20th Annual Card Forum and Expo.

Card Forum & Expo provides a gathering place for the broad spectrum of payments industry players—from card issuers to analysts, associations, and service and technology providers in the credit, debit and prepaid spaces. Card Forum & Expo is being held at the Doral Golf Resort & Spa in Miami, Florida from April 6-8, 2008.

In January, MediaNet Group and Meridian Enterprises Corporation announced the formation of a strategic marketing agreement.  As part of the agreement, BSP is developing private branded web malls as a platform for Meridian to offer its clients an enhanced value added benefit that can be customized for corporate incentive programs including both employees and customers.

In addition to Meridian, BSP Rewards is a leader in developing private branded malls for card issuers and financial institutions including Arrowhead Credit Union, EDebitPay, Prepaid Solution/West Suburban Bank, Global Cash Card, Stord Systems. The BSP platform is also layered onto payroll cards including Ruth’s Chris Steakhouse and Staffmark and for Network Marketing payroll systems such as Future Stock and Forum Technologies.

Martin Berns, chief executive officer of MediaNet Group said, “Our relationship with Meridian is off to a productive start as initial response to our partnership is very favorable.  Never before has a unique combination of a products such as the MeridiCard, which improves incentive programs by giving participants more choice and better value, coupled with the value added benefit of a rebate rewards mall been brought to market.  We are excited by the opportunities offered by our branded service offering as it is introduced to Meridian’s extensive and paramount client base of Fortune 1,000 companies.”

Sam Toumayan, founder, president and chief executive officer of Meridian, stated, “Participating at the Card Forum & Expo in conjunction with MediaNet will allow us to formally introduce the unique, innovative programs for which we at Meridian strive. The addition of BSP Rewards online malls will further enhance the MeridiCard product and service by providing corporate clients with customized online malls that match their creative look.”

Mr. Toumayan, continued, “The mall features over 700 of the nation’s top merchants who offer cash value point rebates that can be directly loaded on their MeridiCard and that is a completely unique program for Meridian.”

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. (OTCBB: MEDG), through its BSP Rewards division, has developed the largest online mall and affinity program platform.  BSP builds, brands, customizes proprietary loyalty/rewards/mall programs for clients and organizations and for a value added element layered onto debit and stored value cards.  Companies and organizations enroll their members into the program and BSP cross-markets them to its entire database. 

The Company generates product purchases from over 700 participating mall merchants including the nation’s largest retailers as well as gift cards and a large discount catalog. With over 50 web malls already developed and in use, BSP Rewards currently serves more than 500,000 registered users. The Company offers affordable, immediate implementation, delivered as rich turnkey enterprise solutions for corporations interested in expanding their web presence and enhancing customer relations -- turning operational costs into profit centers.

About Meridian Enterprises Corporation:

Meridian Enterprises is a full service performance improvement company that designs and administers Employee Reward & Recognition, Sales Incentive, Channel Marketing and Consumer Loyalty Programs for Fortune 1,000 companies.  Meridian provides its corporate clients with increased sales and customer loyalty, enhanced productivity and quality, reduced turnover, and more rapid product and service launches.  Meridian Enterprises offers a unique combination of database marketing, tracking, measurement, and performance tools that enable clients to:

• Identify and motivate the people most likely to deliver results;
• Profit from real-time information on performance participation; and,
• Achieve business goals with less up-front investment

For over two decades, Meridian has offered innovative programs and services, cutting-edge technology, and a choice of incentives specifically tailored to its clients’ goals.  Meridian’s services are ideally suited to organizations seeking more accountable strategies to improve sales or productivity and who need rapid results. 

 

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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.