SOURCE: MediaNet Group Technologies, Inc.

October 22, 2007 08:00 ET

MediaNet Group's BSP Rewards Division Signs Major National Staffing Organization

MARGATE, FL--(Marketwire - October 22, 2007) - 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 an agreement to build a private branded rewards mall for one of the nation's premier national staffing groups. The Alliance of National Staffing and Employment Resources ("ANSERTEAM") is a member-owned network of the top independently owned staffing companies in the United States and Canada.

ANSERTEAM represents over 65 staffing companies in over 200 markets with annual sales exceeding $800 million. Membership in ANSERTEAM is only awarded to leading independent staffing owners who have proven their commitment to quality and customer service. The staffing organizations encompass over 165,000 full- and part-time staff employees who will be automatically given membership in the ANSERTEAM Rewards Mall created by MediaNet's BSP Rewards. These members will be able to earn cash value rebate rewards at over 700 of the nation's premier merchants in their private branded ANSERTEAM Web Mall. Many of those members are paid by payroll debit card and can enjoy the added convenience of having their rebates added directly to their payroll card. Those rebates can then be spent just like cash.

Martin Berns, Chief Executive Officer of MediaNet Group Technologies/BSP Rewards, stated, "We are excited to be working with ANSERTEAM as they represent some of the nation's most entrepreneurial business owners constantly searching for ways to improve their businesses. They will be offering their rewards mall as a value added benefit and bonus program to their employees, clients and the staff personnel that they provide and administer thusly providing their increasing national workforce with easy access to discount shopping and a points reward program for additional purchasing power. The convenience of e-commerce, value pricing for everyday products and services, and the added benefits of a loyalty program are the cornerstones of the BSP Rewards web mall experience."

During the past six months, MediaNet Group has attracted an increasing number of member organizations and merchant partners for its BSP Rewards web mall concept. ANSERTEAM is the latest member organization, among a current total of over 50 outstanding organizations to engage BSP Rewards for the creation of an online loyalty program. Member organizations are attracted by the broad selection of participating merchants, the online access to discount purchases and accompanying rewards which further enhances the value proposition, and the ease of use and administration for both users and the sponsoring organization.

Ron Alvarado, National Director of ANSERTEAM, commented: "The staffing industry is evolving and becoming much more diverse in nature. We were looking for a multi-functional program that could promote loyalty among our members' employees, clients and the work staffs they supply. The platform had to be private branded, expansive and act as an exciting value-added benefit. The BSP program brought together over 700 national merchants that provide rebate reward points of up to 18% to everyone involved in ANSERTEAM."

About ANSERTEAM:

ANSERTEAM was formed to provide clients with national access to an elite team of independent staffing providers. Localized, boutique quality service and entrepreneurial flexibility and accountability are the cornerstones of ANSERTEAM's value proposition within the national staffing marketplace.

ANSERTEAM is the only organization of its kind in North America. Their model allows for the delivery of unmatched quality, experience and technology to companies who need a national staffing partner. Active owner involvement in each market translates into boutique quality service and uncompromised local market accountability.

ANSERTEAM has over 65 Members in over 200 markets with annual sales exceeding $800 million. Membership is only awarded to leading independent staffing owners who have proven their commitment to quality and customer service. The majority of ANSERTEAM Members are women and minority owned business enterprises and many of them are certified through WBENC.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. (OTCBB: MEDG) encompasses an integrated group of operating divisions that revolve around the many aspects of technology, including branded rewards programs, web mall programs, and online media intellectual properties. Additional information on MediaNet Group Technologies can be found on the Internet at www.medianetgroup.com.

MediaNet Group Technologies has developed unique proprietary platforms, software and solutions for every size business. The Company offers extremely affordable, simple, immediate implementation, delivered as feature rich turnkey rewards and loyalty enterprise solutions for corporations interested in expanding their web presence and enhancing customer relations -- turning operational costs into profit centers.

BSP Rewards, Inc., a wholly owned subsidiary of MediaNet Group Technologies, builds, brands, customizes and administers proprietary loyalty/rewards/mall program for each client and organization and is also a value added element layered onto debit and stored value cards. Members receive up to 15% in rewards and up to 60% in discounts when purchasing merchandise and other products from the nation's best retailers through the BSP network. Strategic relationships entered into as part of the Company's branded web mall concept includes leading retailers such as Macy's, Target, Starbucks, Blockbuster, Old Navy, Target, CompUSA, Budget Rent-a-Car and 700 other merchants. With over 50 web malls already developed and in use, BSP Rewards currently serves nearly 1 million members. A typical BSP Rewards Mall may be seen at www.bigbrandmall.com and details about the program can be viewed at www.bsprewards.com. Additional information announcements may be view at www.medianetgroup.com.

"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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