SOURCE: MediaNet Group Technologies, Inc.

February 21, 2008 08:00 ET

MediaNet Group to Present at LDV Capital Management

2008 Growth & Value Investor Conference

MARGATE, FL--(Marketwire - February 21, 2008) - MediaNet Group Technologies, Inc. (OTCBB: MEDG), the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has been selected to present at the LDV Capital Management 2008 Growth & Value Investor Conference. The 2008 Growth & Value Conference is being held at The Westin Fort Lauderdale, February 27-28, 2008. The two-day conference is hosting 32 publicly traded companies, representing six different stock exchanges in 13 industries.

Martin Berns, chief executive officer of MediaNet Group, said, "We are pleased to be considered and included among a group composed of established and well regarded publicly traded companies. The invitation to participate at this conference demonstrates that members of the investment community are interested in our unique concept and significant investment potential."

LDV Capital Management is recognized for providing investment management services to a diverse roster of clients. LDV is an employee-owned firm known for its stability, continuity, and well-defined research-driven investment approaches. The firm uses a bottom-up approach to investing that is based on adding value through fundamental and quantitative research. LDV manages growth and value U.S. equity, international small-cap equity, U.S. fixed income, and U.S. balanced portfolios. LDV is dedicated to building long-lasting relationships with clients through consistent outperformance and exceptional client service. Additional information on the LDV Capital Management 2008 Growth & Value Investor Conference is available on the Internet at www.ldvcapitalmanagement.com.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. (OTCBB: MEDG), through its BSP Rewards division, has developed the largest online mall and affinity program platform. BSP builds, brands, customizes proprietary loyalty/rewards/mall programs for clients and organizations and for a value added element layered onto debit and stored value cards. Companies and organizations enroll their members into the program and BSP cross-markets them to its entire database.

The Company generates product purchases from over 700 participating mall merchants including the nation's largest retailers as well as gift cards and a large discount catalog. With over 50 web malls already developed and in use, BSP Rewards currently serves more than 500,000 registered users. The Company offers affordable, immediate implementation, delivered as rich turnkey enterprise solutions for corporations interested in expanding their web presence and enhancing customer relations -- turning operational costs into profit centers.

"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, and the purchasing activity or lack thereof by registered web mall members. The number of BSP web mall members is routinely revised to reflect adjustments for inactive membership. Inactive members are defined as registered members who have not shopped in a BSP web mall for an extended period of time.

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