SOURCE: CEO America

August 17, 2007 09:15 ET

CREDITZ® Digital Currency and BSP Rewards Announce Licensing and Points Exchange Agreement

LAS VEGAS, NV--(Marketwire - August 17, 2007) - CEO America, Inc. (PINKSHEETS: CEOA), exclusive US licensee of CREDITZ® Digital Currency, today announced the signing of a licensing and exchange agreement with BSP Rewards, the primary operating subsidiary of MediaNet Group Technologies. The agreement will enable BSP Rewards, which builds "branded" loyalty/reward programs and branded discounts web malls, to accept CREDITZ Digital Currency as a form of payment for its members and exchange CREDITZ for BSP Reward points.

"CREDITZ has a unique system that combines a cost effective, micro-payment transaction engine, loyalty and marketing capabilities that really provide unique value add to consumers and retailers," said Martin Berns, CEO of BSP Rewards. "We are excited about the potential impact CREDITZ will bring to our service and we believe that our members will quickly realize the benefits of the CREDITZ system. Teaming with the CREDITZ system should help us deliver added value to our community experience."

"The BSP marketing program allows participant merchants, manufacturers and service organizations the opportunity to become redemption centers and enjoy their full retail margins on redemptions," said Charlie Weber, CEO, Chief Executive Officer of CEOA. "We very excited to provide consumers real value while maintaining price integrity for merchants. We are sure that our accountholders will enjoy the benefits of redemption and exchange of CREDITZ® with BSP."

This agreement allows BSP Rewards members to exchange BSP Points for CREDITZ Digital Currency and vice versa. CREDITZ accountholders will now be able to redeem their CREDITZ online and shop at over 600 online shopping malls or purchase giftcards at www.bsprewards.com.

About CEO America, Inc.

CEO America Inc. (PINKSHEETS: CEOA) has the exclusive U.S. license of the CREDITZ® Digital Currency System. Using IBM's latest database and infrastructure technology, CREDITZ is a unique global payment, marketing and loyalty system that is universal provides spendable CREDITZ Digital Currency to consumers. CREDITZ is the first payment system to integrate 21st century technology for micro-payments, loyalty, marketing and business intelligence into a single operating platform, making it the transaction and marketing engine for the digital economy.

For more information, go to www.creditz.com.

About BSP Rewards

BSP Rewards, Inc. is a wholly owned subsidiary of MediaNet Group Technologies, a publicly held Company 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.

For more information, go to www.medianetgroup.com

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