SOURCE: MediaNet Group Technologies, Inc.

MediaNet Group Technologies, Inc.

February 11, 2011 08:00 ET

DubLi and Blessings in a Backpack Join to Battle Childhood Hunger in America

BOCA RATON, FL--(Marketwire - February 11, 2011) -  DubLi.com, a wholly owned subsidiary of MediaNet Group Technologies, Inc. (OTCBB: MEDGE), today announced its dedication to combat childhood hunger by partnering with non-profit organization, Blessings in a Backpack.

Childhood hunger is a reality for children and families throughout the United States. Hungry children are sick more often and suffer growth and developmental delays, which directly impacts their ability to learn and succeed in school. Because of these things DubLi has partnered with Blessings in a Backpack to battle childhood hunger and improve the academic success of American children. "We can no longer stand idle while American children struggle to thrive and learn because of the lack of a basic necessity -- food. As a dominating force in the eCommerce industry we will use our position to help combat this regrettable epidemic plaguing American school children," DubLi's President and Chief Executive Officer, Michael Hansen stated.

Stan Curtis, Founder of Blessings in a Backpack, shared, "It is extraordinary that a worldwide leader in eCommerce would recognize the need of American school children. As this partnership grows our children will realize educational accomplishments that will give them hope, further their dreams and provide them with opportunities that a good education is meant to provide. The future of American school children just got a lot brighter because of DubLi's awareness and action. It is exciting for me to see a successful worldwide leader take their success and turn it into significance."

Blessings in a Backpack is a 501(c) (3) organization headquartered in Louisville, Kentucky. Since its inception the organization, through its unique program, has fed over 40,000 children in 31 states and two countries. Blessing in a Backpack continues to serve school children in the United States. 

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board ("OTCBB") under the symbol MEDG. Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

MediaNet Group Technologies, Inc. has created a new framework for captivating and engaging consumers through a dynamic, value-based shopping community. The foundation of MediaNet is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors. The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived.

MediaNet Group has focused a considerable amount of time and resources to advance its technologies, creating a more efficient and user friendly website and developed a customizable media player that would be used to find, organize and play all of a user's media, whether it resided on the user's computer or on the MediaNet Group database. With both digital fingerprinting and content licenses in place, the MediaNet Group plans on developing a single destination website for everything related to online shopping and entertainment.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to improve our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2010.

About Blessings in a Backpack:

Blessings in a Backpack is a results oriented organization with a program dedicated to feeding school children. The unique program is designed to feed elementary school children whose families qualify for the federally funded free and reduced priced meal programs, and who also have little or no food on the weekends. Better test scores, improved reading skills, positive behavior, improved health and increased attendance have all been attributed to the success of the program. It costs $80 to feed one American school child in the program for an entire 38 week school year. Blessings in a Backpack is currently feeding over 40,000 children in 31 states. We are feeding the future of America -- one child at a time.

Contact Information