SOURCE: MediaNet Group Technologies, Inc.

MediaNet Group Technologies, Inc.

February 24, 2009 08:00 ET

MediaNet Group's BSP Rewards Expands Footprint in Network Marketing Channel

To Build Private Branded Reward Malls for FHTM Canada and JMG Net Worth/Your Ultimate Plan

MARGATE, FL--(Marketwire - February 24, 2009) - MediaNet Group Technologies, Inc. (OTCBB: MEDG), operating the largest online mall and affinity program platform through its BSP Rewards subsidiary, today announced that it has expanded its footprint within the network marketing channel with the implementation of a new programs for FHTM Canada, the Canadian branch of the successful Fortune Hi-Tech Marketing program in the U.S. and Your Ultimate Plan, a new product launched and marketed by JMG Net-Worth.

FHTM Canada is the Canadian operation of one of the most successful network marketing companies in the U.S., Fortune Hi-Tech Marketing, for which BSP already powers a private-branded mall. The FHTM Rewards Mall is used as a value-added benefit to representatives of Fortune's distributor network. The program is used as a recruiting tool, for loyalty and customer relationship management and allows Fortune representatives to shop at national merchants while promoting the company's internal products and services.

Your Ultimate Plan, is a new product that is marketed by JMG Net-Worth that focuses its efforts on Body Worth, Financial Worth, Mental Worth and Value Worth, with each category promoting a variety of tools for Living Healthy, Wealthy with a Wise Lifestyle. The program was founded by Paul Jones, a long-term leader in the network marketing industry. The 750 merchant rewards mall is designed to enhance the company's Value Worth proposition by offering rebates and discounts beyond what the typical consumer would receive from less robust loyalty programs.

Martin Berns, Chief Executive Officer of BSP Rewards, stated, "Network Marketing has been a successful and productive channel for BSP thus far and we are pleased with our ability to continue to capitalize in this area with leaders in the industry. We are excited about working with our new partners at FHTM Canada and JMG Net-Worth/Your Ultimate Plan. Given the success of the existing relationship between FHTM U.S. and BSP, this new Canada program is a natural extension and allows FHTM representatives to earn rewards from the 180 merchants in Canada already participating in the BSP program. Additionally, we are excited about partnering with Jones Marketing Group in their efforts to create a new area of focus within the network marketing business. We look forward to mutual success with these new clients and the expansion to other clients in this industry."

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 750 participating mall merchants including the nation's largest retailers as well as gift cards and a large discount catalog. With over 60 web malls already developed and in use, BSP Rewards currently serves more than 650,000 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. Current mall merchants include Sears, Target, Macy's, BP Oil, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili's.

"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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