SOURCE: MediaG3, Inc.

October 12, 2010 14:40 ET

MediaG3 Announces Licensing and Revenue Sharing Agreements With MeshGlobal

SAN FRANCISCO, CA--(Marketwire - October 12, 2010) -  MediaG3, Inc. (PINKSHEETS: MDGC) announced the company has signed a Letter of Intent and is working out licensing and revenue sharing agreements with MeshGlobal, Inc., a privately held corporation. MeshGlobal will begin deploying the company's patented and proprietary technologies immediately and plans to merge with MediaG3 upon completion of these agreements.

MeshGlobal, Inc., a newly formed entity to specialize in commercial, government and institutional deployment of wireless mesh communication networks, will fund and deploy the first model programs, using MediaG3's super-fast "next generation" wireless networks. MediaG3 will license its patented Local Multi-Point Distribution Systems (LMDS) and other proprietary technologies to MeshGlobal, to be used in these networks.

"MediaG3 is pleased and excited to announce the launch of these first licensing and revenue sharing models using our technologies," stated Val Westergard, MediaG3 chairman. "MediaG3 will be working very closely with MeshGlobal, to advise, help and provide the latest wireless technologies."

"These MeshGlobal projects will also be the first to use MediaG3's WiFiBridges technologies, which can move much larger amounts of data through multiple spectrums using MediaG3 technologies, and are a great primary or complimentary solution for small business, enterprise, neighborhood, community, metropolitan, campus, public and rural areas. We intend to invite mayors, education and public safety directors, businesses and other WISPs to come and experience these 'next generation' technologies to use, evaluate and consider for their customers, business and community needs." 

About MediaG3, Inc.
MediaG3, Inc. develops, markets, and delivers wireless broadband technology products and services for today's fixed and mobile customers. MediaG3 provides wireless broadband Internet access and Internet telephone throughout the US, under the Imperial Wireless brand. MediaG3 has five key US wireless patents and offers their wireless broadband technology, technology licensing and equipment under the Wytec and Wytec "Next Generation" brands. Imperial Wireless and Wytec are wholly owned subsidiaries of MediaG3. MediaG3 headquartered in San Francisco, CA, with offices and a lab in Boise Idaho. For more information, or to register to receive updates, please visit their corporate site www.mediaG3.com.

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