MediaNet Group Technologies Completes Merger With the DubLi Companies

MARGATE, FL and BERLIN--(Marketwire - December 17, 2009) - MediaNet Group Technologies, Inc. (OTCBB: MEDG), operating the largest online mall and affinity program platform through its BSP Rewards subsidiary, announced that effective today it has completed its reverse merger with CG Holdings Limited, a privately-held, European-based holding company for the DubLi companies, a worldwide online trading firm ("DubLi"). Upon completion of the merger, DubLi became a wholly-owned subsidiary of MediaNet, and DubLi's Chief Executive and Operating Officers will assume the same positions with MediaNet. MediaNet's board of directors will also be controlled by directors nominated by DubLi. Additional details of the merger transaction appear in MediaNet's reports on Form 8-K filed with the Securities and Exchange Commission on August 14 and September 30, 2009.

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