SOURCE: MediaNet Group Technologies Inc.

November 13, 2006 08:00 ET

BSP Rewards Signs National Agreement With Budget Rent A Car

Budget to Become Official Car Rental Program for the BSP Rewards Malls

MARGATE, FL -- (MARKET WIRE) -- November 13, 2006 -- BSP Rewards, the primary operating subsidiary of MediaNet Group Technologies (OTCBB: MEDG), announced today that they have reached an agreement with Budget to both give and redeem reward points to all members of the BSP Rewards Network of web malls.

The BSP Network includes private branded malls for a variety of companies, card issuers and non-profits including malls for ADP, AIG, African Methodist Episcopal Church, Prepaid Solutions, the Bid/Give Montessori School debit card, and Cruises Inc., to name a few.

"The members of these organizations number in the millions and offer a large customer base for Budget. We are excited to offer our members the 3 different opportunities to earn our reward points from Budget including, on-line, gift cards and also right in all Budget locations," stated Martin Berns, CEO of BSP Rewards.

Members can redeem the points for auto rentals that they earn from Budget and also from all of the nearly 600 other participating merchants in the BSP programs.

BSP Rewards builds, brands, customizes and administers their 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.

A typical BSP Rewards Mall may be seen at www.bigbrandmall.com and details about the program can be viewed at www.bsprewards.com

Budget is a wholly owned subsidiary of Avis Budget Group, Inc. and a global provider of business and consumer car rental services. Budget Rent A Car was founded in 1958 as a car rental company for the "budget-minded" renter. Today, as an industry leader, Budget continues to appeal to value-minded renters by offering quality vehicles and a rewarding rental experience at nearly 1,900 rental locations worldwide.

BSP Rewards, Inc. is a wholly owned subsidiary of MediaNet Group Technologies, a publicly held Company (OTCBB: MEDG) that encompasses an integrated group of operating divisions that revolve around the many aspects of technology including, branded rewards programs, web mall programs, and intellectual properties. www.medianetgroup.com

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.

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