SOURCE: MGN Technologies, Inc.

June 08, 2007 10:41 ET

MGN Technologies Announces License of Portal Product

KIRKLAND, WA--(Marketwire - June 8, 2007) - MGN Technologies, Inc. (OTCBB: MGNLF) announced today it has completed a license agreement with Z7media, Inc. ("Z7media") to utilize a state-of-the-art media platform to enlist advertisers and publishers for online marketing.

The Media Platform consists of a dynamic portal for website content, search results and sponsored advertising listings. It also includes an ad server for managing the delivery of banner advertising into a website and measuring the number of ads delivered (impressions) and clicks achieved. Ad serving can be used by publishers to manage inventory and by advertisers to manage online advertising campaigns. The platform also includes a scalable portal product for creating custom portals to expand online services for end users and aggregate publisher traffic.

Z7media is a California technology company focused on Internet marketing initiatives for advertisers and web publishers. It is owned and operated by seasoned marketing veterans.

"We're moving more aggressively into online marketing services to take advantage of the software we've built and to utilize our core strengths," said CEO Mark Jensen. "The Z7media Platform gives us a search engine, ad server and portal in one package as well as a business development arrangement with people who know the online advertising market. It's a way for us to capitalize on the explosion of online marketing."

Jensen said the Company will be actively pursuing advertisers and publishers to build campaigns for the media platform. Advertisers sign agreements to purchase advertising through the new network and publishers sign agreements agreeing to receive advertising on their websites. The media platform manages the process. Z7media will provide business development services to MGN to build a network of advertisers and publishers.

The licensing of the Z7media platform is part of the Company's strategy to enhance its online marketing services while it continues to find a foothold in the Internet gaming market.

MGN developed a proprietary mobile platform and offers an online and mobile sweepstakes marketing system. The program features sweepstakes as a marketing tool to create new leads and traffic. The program builds a custom sweepstakes promotion for a client utilizing an online promotion and entry website as well as a mobile phone entry form. Consumers can enter online or on a mobile phone.

About MGN Technologies

MGN Technologies is a software developer and marketer in Vancouver, British Columbia. The Company is focused on Internet marketing initiatives to build traffic and create an advertising base. Please click onto www.mgnmobile.com for more information.

Forward-Looking Statements

This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Mark Jensen
    MGN Technologies, Inc.
    12-1730 Broadway St.,
    Port Coquitlam, B.C. V3C 2M8
    Telephone #: 604-945-2405