MDGC MediaG3 Inc (CE)

MediaG3, Inc. (OTCBB: MDGC), a leading developer for broadband wireless product and interactive rich-media content delivery applications, today announced that Oriental Media, MediaG3�s wholly owned subsidiary in China has signed a service contract with Olympic Village Real Estate Development Corporation to provide online digital marketing services. This long term business partnership will generate substantial revenue. Olympic Village is one of the major real estate development companies in China, where demand for quality housing is enormous with rapid growth. Under this annual contract, Oriental Media will develop and deliver digital multimedia marketing materials to Olympic Village�s existing tenants and potential customers. Oriental Media has been working with Olympic Village in the past year on a project to project basis to provide marketing and acquisition services through rich-media emails, e-Magazine and mobile and wireless devices. The successful marketing programs resulted this long term partnership between two the companies. �We are pleased to formalize this partnership with Olympic Village,� said Shi Baoyuan, Vice President of Oriental Media, a wholly owned subsidiary of MediaG3. �The long term business potential will be very rewarding,� added Shi. �Olympic Village brings the best housing and living environment to our home owners and tenants, and Oriental Media helps us to effectively communicate with our customers and public about our brand, philosophy, product and services. This partnership generates prosperity and profits for both companies,� said Mr. Wu chairman of Olympic Village. About MediaG3, Inc. MediaG3, Inc. develops and markets broadband wireless technology products and online applications that empower interactive content delivery to today's fixed and mobile consumers. With a well-defined business model of "U.S. Technologies, China Market," MediaG3 is developing its integrated business and product lines to offer the best solutions for broadband wireless infrastructures, online and mobile rich-media content delivery. MediaG3 is based in Santa Clara, California with operations in Shanghai and Shenzhen, China. For more information on the company, please visit www.mediag3.com. About Oriental Media, Inc. Oriental Media is a privately held company in China and a wholly owned subsidiary of MediaG3, Inc, a Delaware corporation. Oriental Media is focused on China market for mg3 mobile, a digital interactive communication service for mobile devices and mg3 web 2.0+, a social network platform with rich-media interactive marketing applications and China Green eMagazines. Oriental Media�s main operation is located in Shanghai, China with sales and distribution offices nationwide. www.orientalmedia.com About Olympic Village Olympic Village Real Estate Company has built 28 Olympic Village luxury residential projects, which are also under its management. Currently there are 30 million square feet of development under construction. �Olympic Spirit� is the theme of all the Olympic Village residential buildings and complex, promoting healthy living. For more information, log on www.olympicgarden.com.cn. Forward-looking Statements: Forward-looking statements such as "believe," "expect," "May," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the volatility of trading markets, the Company�s limited operating history, the inability to obtain additional capital, the Company�s unproven business model, the risks of doing business in China, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.