SOURCE: MediaG3, Inc.

July 06, 2010 10:06 ET

MediaG3 Announces Two New Advisory Board Members With M&A and SEC Compliance & Reporting Expertise

Top Financial Advisors to Complete Audited Financials and Filing Requirements to Expedite Current and Fully Reporting Status for the Company

SAN FRANCISCO, CA--(Marketwire - July 6, 2010) -  MediaG3, Inc. (PINKSHEETS: MDGC), a wireless broadband equipment, products and services developer and technology licensing company, is pleased to announce the appointment of Mr. Edward Steinback and Mr. Blaise Mazzoni to the Company's Advisory Board.

As previously announced (June 1, 2010), the Company's Advisory Board has been created to secure some of the most recognized and/or seasoned industry leaders in the telecommunications, technology and financial world, to provide direct support and specific expertise to MediaG3 management in a highly active, project oriented capacity.

"A top priority for MediaG3 is the near-term completion of our audited financial statements for the fiscal years 2007, 2008 and 2009. Since gaining current, fully reporting status is an immediate goal for the Company, we have asked Mr. Steinback and Mr. Mazzoni to help accomplish this important objective posthaste," commented Mr. Val Westergard, MediaG3 Chairman.

In his financial officer role for the Company, Edward Steinback will oversee, manage and report all accounting, financial, and compliance requirements to achieve financially current, fully reporting SEC filing status for MediaG3. Further, Mr. Steinback will also manage other financial responsibilities as they relate to capital raises, debt funding considerations and merger and acquisition activities.

In a succinct overview, Mr. Steinback (Partner, Steinback & Associates, Prescott Valley, Arizona) has over 25 years in accounting, business management and advisory services, leading a wide array of successful audits, due diligence programs and restructuring of accounting departments for both privately held and publicly traded companies in a myriad of industries.

Equally, MediaG3 management would also like to welcome Mr. Blaise Mazzoni as a member of the Company's highly valued Advisory Board. As an independent CPA, MediaG3 has also engaged Mr. Mazzoni to conduct internal audits and directly assist in compiling the Company's financial statements. For these key financial projects and other vital accounting responsibilities, Mr. Blaise Mazzoni, MBA, CPA, brings over 35 years of business and accounting accomplishments.

Mr. Mazzoni's extensive professional experience reflects senior management positions, including: president, senior financial and information officer, treasurer, controller and several senior tax, audit, and consultant positions. Further, some of his external project positions have included: Liaison Officer for SEC compliance and reporting; tax compliance, reporting and audits; financial audit assistance and coordination; CFO and financial reporting in a diverse number of industries.

Respectively, both Mr. Steinback and Mr. Mazzoni have been involved in SEC interfacing with numerous public companies, where some of their direct duties included SEC compliance and reporting, strategy development, and organizational and technological assessments. 

"I am very pleased to report that Ed Steinback and Blaise Mazzoni have already begun in earnest to address our highest priority financial projects. Most notably, since we are currently involved in serious talks with several significant merger, joint venture and potential alliance candidates, Mr. Steinback's and Mr. Mazzoni's commitment to MediaG3's success and Advisory Board member standing, could not have come at a better time," concluded Mr. Westergard, MediaG3 Chairman.

About MediaG3, Inc.
MediaG3 develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. MediaG3 has five US patent protected broadband wireless technologies and has received the US government grant and Chinese government approval for the company's China Pilot project intended to serve 900 million Chinese people in rural and interior regions. MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless throughout the US, under the Imperial Wireless brand. MediaG3 will market their wireless broadband equipment, technology and technology licensing under the Wytec brand. Wytec and Imperial Wireless are wholly owned subsidiaries of MediaG3. MediaG3 is now headquartered in San Francisco, CA, has offices and a lab in Boise, Idaho and an office in Shenzhen, China.

For more information, please visit their corporate site

Safe Harbor Act:
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other unanticipated circumstances.

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