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 it has launched China pilot project to provide broadband wireless backhaul services. MediaG3�s China pilot project is the first step towards implementation of MediaG3�s wireless broadband applications serving interior and rural regions of China. The pilot project will lead to an initial commercialization phase of 5% of rural population or 45 million subscribers. Estimated $1 billion worth of MediaG3�s technology and equipment will be required over time. �The China pilot project, which truly reflected our �US Technology, China Market� business model, allows us to initially demonstrate the immense value of our fixed wireless system to support China�s vast rural areas, followed by our implementation with our China partners to provide our LMDS systems to national commercialization plans for rural China,� said Joseph Anzalone, Sr. VP of Operations of MediaG3. MediaG3�s China Pilot Project is approved by both SARFT science and technology and Ministry of Commerce of China and partially funded by the US Trade and Development Agency. The approval and funding are a solid validation of MediaG3�s technology and applications as well as the potential benefits, fitness and viability of MediaG3�s business in China market. 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. MediaG3 has signed a $10 million broadband wireless product supply contract. With signed contracts and additional business in discussions, the company is expected to reach over $20M in revenue in 24 months. 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 and has two wholly owned subsidiaries in China with offices in Shanghai and Shenzhen. www.mediag3.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.