MediaNet Group Technologies, Inc. announced today (10/20/09) it has finalized its merger with CG Holdings Limited, a European-based holding company for the DubLi companies. DubLi has become a worldwide online trading firm and will now become one of MediaNet’s wholly-owned subsidiaries. The board of directors at MediaNet will now be controlled by DubLi-nominated directors and the DubLi Chief Executive board will assume similar positions within MediaNet. DubLi’s president and CEO, Michael Hansen, said “We are delighted to be a part of this unique business combination. The uniting of the DubLi and BSP platforms combines two shopping alternatives, both of which are recognized leaders in their respective areas, and offers a one of a kind shopping program unparalleled in the industry. We believe that the business combination offers the doorway to a totally unique method of international shopping and sets the stage for worldwide expansion.” BSP Rewards Inc CEO, Martin Berns, also expressed optimism. According to Berns, “During the past months we have had opportunity to become intimately involved with DubLi’s vision and progress. Their goal of expanding as a world leader in the international shopping and auction market is extremely exciting. It offers a major opportunity for the company and our shareholders. The DubLi auction and shopping platform is exceedingly sophisticated and when combined with our BSP program acts as a loyalty, incentive, continuity and communication tool, with the added capability of being able to load cash, bonus payments, payroll and rewards instantaneously onto virtually any debit or credit card — domestic or international. It truly is a 1+1 equals 3 scenario.” MediaNet Group Technologies Inc has developed the largest online mall and affinity program through its BSP Reward division. BSP has for years formulated customized proprietary loyalty programs for their clients. Organizations enroll their members into these programs while BSP cross-markets them to its vast database. It boasts of over 1000 participating mall merchants which includes the nation’s largest retailers. After factoring in the dozens of online shopping malls, BSP Rewards serves well over 750,000 users. Current mall retailers include household names such as Target, Walmart, Best Buy, Office Depot, Macy’s and Bass Pro Shops. The DubLi Group is a global web-based trading firm headquartered in Limassol, Cyprus. It represents a cutting-edge and dynamic ecommerce platform featuring two globally recognized reverse auctions and a ever-expanding shopping portal. Customers have access to the widest variety of brand-name items at their absolute lowest market prices. DubLi also offers a lucrative business opportunity (DubLi Network) where entrepreneurs around the world can generate passive income by building a loyal customer base of DubLi shoppers. It’s already one of the fastest growing direct sales companies throughout North America and Europe, and has just entered the Australian and New Zealand markets. Read the full press releases at: www.free-press-release.com |
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