SOURCE: MediaG3, Inc.

November 05, 2009 10:00 ET

MediaG3, Inc. Announces Progress Report on Its WIMAX Roll-Out Strategy

SANTA CLARA, CA--(Marketwire - November 5, 2009) - MediaG3, Inc. (PINKSHEETS: MDGC), is pleased to report the progress on the Company's developing WIMAX service roll-out strategy in the United States.

MediaG3 announces that the Company's expansion plan is advancing according to expectation. Recently, the Company announced a successful service launch in Keizer and Salem, Oregon, and following the initial successful launch in Boise, Idaho.

The addressable market, demographics, and Company estimated revenue metrics for broadband internet services include the following:

Keizer and Salem, Oregon:

1) Estimated market for Keizer and Salem indicate a total addressable
   subscriber base of approx. 190,000.
2) Percentage of households using broadband and wireless services at 74%.
3) Available broadband and wireless subscriber base is 140,600 households.
4) Estimated market share to be captured by MediaG3 should be 5%.
5) Estimating initial subscriber "sign-up" revenues of over $350,000/year.

Boise, Idaho:

1) Estimated market for Boise, Idaho indicate a total addressable
   subscriber base of approx. 198,000.
2) Percentage of households using broadband and wireless services at 74%.
3) Available broadband and wireless subscriber base is 146,520 households.
4) Estimated market share to be captured by MediaG3 should be 5%.
5) Estimating initial subscriber "sign-up" revenues of over $366,000/year.

Joseph L. Anzalone, MediaG3 President & COO, had this to add: "These metrics show that MediaG3 is poised for strong and sustained revenue and margin growth in hundreds of markets like these. We feel our projections are conservative, and are basing performance on a 5% penetration rate in our WIMAX service expansion. We anticipate that we will have impressive numbers to report on the further development of our roll-out plan over the coming weeks and months."

The Company also reports the following update to its China Pilot Project:

1) Continued progress in the final stage to the China Pilot Project in
   Yunnan Province with equipment delivery expected during Q1 2010.
2) The Company's LMDS equipment will be a featured showcase of "last mile
   connectivity" for digital television over cable.
3) The project's sponsor is China's Academy of Broadcasting Science and the
   United States Trade & Development Agency. The 'USTDA' is providing
   partial funding by a US government grant.

About MediaG3, Inc.

MediaG3, Inc. develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. Under the brand of Imperial Wireless, MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless in 19 states and over 500 cities with expansion plans into all 50 states in the US by 2010. MediaG3 is based in Santa Clara, California; Boise, Idaho and Shenzhen, China. For more information on the company, please visit www.mediag3.com and www.imperialwimax.com.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC.

Contact Information

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    Daniel Baldridge
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    phone: 407.830.9777