BSP Rewards - Branded Loyalty Rewards Programs

MediaNet Group’s BSP Rewards Enters New Channel

--Selected to Build Private Branded Mall for WXEL-TV, Public Television and WXEL-FM, Public Radio--

MARGATE, FL – November 10, 2008 –MediaNet Group Technologies, Inc. (OTCBB: MEDG), the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has been selected to build a private branded web mall for WXEL-TV and WXEL-FM, public television and radio stations, respectively, that serve the communities of Broward, Palm Beach and Treasure Coast audiences in South Florida. WXEL is focused on providing local public media services to viewers, listeners and members a wide range of educational outreach and online programs, projects and services that extend the power and relevance of public television programming.

BSP will develop a private branded web mall for WXEL to extend to its viewer, listener, member and donor constituents as a new fundraising alternative. As a public broadcasting service, fundraising is critical to pursuing the mission of WXEL in providing educational, cultural and entertainment needs of the community. The BSP program will allow for all WXEL audiences to participate in fundraising activities through their everyday purchases. While WXEL audiences are typically loyal by nature, the BSP program provides continuity, customer loyalty, retention and acquisition opportunities.

The new mall will offer WXEL’s members an opportunity to shop online at Over 800 national merchants, earning rebates and discounts and cash value rewards and for themselves while generating continuous donations for WXEL.

Martin Berns, chief executive officer of MediaNet Group said, “WXEL has demonstrated its leadership in the industry as a premier representative of the public broadcasting service offering. This relationship marks BSP’s entrée into a new industry channel indicating that our business model is conducive to various usage applications. We are proud to be affiliated with such an outstanding organization in the community and to present a new, fundraising opportunity to enable WXEL to continue its value services.

Jerry Carr, president and chief executive officer of WXEL, stated, “BSP’s program allows us to enhance our fundraising opportunities through a new medium. We were particularly attracted to the flexibility of the BSP’s rewards solutions and the ability to offer our members an easy and automatic means for supporting our organization. Fundraising is of utmost importance to us in providing quality services and the BSP Rewards Mall program is another benefit for our donors and supporters while enhancing our fund raising efforts.”

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 800 participating mall merchants including the nation’s largest retailers as well as gift cards and a large discount catalog. With over 60 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.

WXEL-TV42, DTV42 and 90.7FM are licensed to the West Palm Beach-Ft. Pierce area. WXEL 90.7FM, the region’s public radio station, signed on the air in 1969 as an educational conduit to the community. WXEL 90.7FM is affiliated with NPR, National Public Radio. In addition to the programming of NPR, WXEL 90.7FM airs locally produced programming such as Classical Variations with Joanna Marie, Florida Forum, Uncorked!, Compact Discoveries and WXEL Opera Theater. Locally produced programming for 90.7FM totaled more than 840 hours in the past year.*

WXEL Television, the area’s public television station, signed on the air in 1982. WXEL Television is affiliated with PBS, the Public Broadcasting Service. Analog TV42 airs shows serving the educational, cultural and entertainment needs of the community with acclaimed national and local programming such as South Florida Today and Wealth & Wisdom. WXEL-DTV42 broadcasts one high definition channel plus two standard definition channels 24 hours a day, seven days a week. DTV42.1 airs an up-converted version of station's analog signal as well as high definition programming in prime time, DTV42.2 airs Create (a network of “how to” programs) and DTV42.3 airs a combination of programming from the Florida Knowledge Network, The Florida Channel and PBS Plus. In the past year, TV42/DTV42 has aired more than 1,100 hours of locally produced programming.* As part of the Federal mandate to convert exclusively to digital broadcast television, analog channel TV42 will go dark effective February 17, 2009. For more information on the conversion to digital television please log on to http://www.wxel.org.

WXEL is a member of The Palm Beach County Cultural Council. The Palm Beach County Cultural Council is the largest private local cultural agency in Florida. Since its formation in 1978, the Cultural Council’s mission has remained unchanged: to develop, coordinate and promote cultural activities throughout Palm Beach County, “Florida’s Cultural Capital.”

“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, and the purchasing activity or lack thereof by registered web mall members. The number of BSP web mall members is routinely revised to reflect adjustments for inactive membership. Inactive members are defined as registered members who have not shopped in a BSP web mall for an extended period of time.

Contacts:
MediaNet Group Contact:
Martin Berns
Chief Executive Officer
954-974-5818 ext. 202