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 renewable annual service contract with Highstreet Loft Investment and Development Corporation (�Highstreet Loft�) to provide digital marketing services utilizing MediaG3�s permission-based rich-media email and e-magazine applications. With this contract, MediaG3�s digital and mobile marketing revenue is expected to reach millions by 2009. �Our rich-media digital marketing technology and applications are perfect match for Highstreet Loft�s forward-thinking image and creativities,� said Sam Tan, Vice President of Oriental Media, a wholly owned subsidiary of MediaG3. �We are very excited about the opportunity to work with Highstreet Loft,� added Tan. �We are very impressed by Oriental Media�s technology and applications to produce dynamic and effective marketing campaigns for our branding, client acquisition and revenue generation,� said Ms. Ji, Chief Strategy Officer of Highstreet Loft. �We are pleased to have this long term partnership with Oriental Media to assist us in our market development and expansion.� MediaG3 has signed a $10 million broadband wireless product supply contract, and is in preparation of launching its China Pilot Project, which has been approved by Chinese Ministry of Commerce and State Administration of Radio, Film and Television, as well as financially supported by the US Trade and Development Agency. With signed contracts and additional business in discussions, the company is expected to reach over $20M in revenue in 18 to 24 months. 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 product, 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 Highstreet Loft Highstreet Loft is an investment firm with over fifty million in capital with focus on innovation and creativity related ventures in China. Its flagship project, Highstreet Loft renovated under the vision of well known Italian architects and designers, has 450,000 sf. of facilities with tenants from all over the world. Highstreet Loft also incubates and invests in their facilities. www.highstreetloft.com. 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.