MDGC MediaG3 Inc (CE)

MediaG3, Inc. (PINKSHEETS: MDGC) announced today that it has obtained coveted research concluding with a buy recommendation from Cohen Independent Research Group, Inc.

"We (MediaG3) expect robust revenue growth from $7.4 million in 2010 to $39.1 in 2014 representing a CAGR of 51.6%. Our model assumes the Company raises capital through equity/debt of approximately $15.0 million during this period. The Company is eligible to receive grants from the US government. Operating margins are expected to increase from 22% in 2010 to 29% in 2014. We have valued the stock using Discounted Cash Flow (DCF) method to arrive at our long-term price target of $0.086, reflecting forward P/E multiples of 12.8x and 6.8x our estimated 2011 and 2012 EPS, respectively," says Cohen Research Group.

The entirety of the Cohen Research report for MediaG3, Inc is available on MediaG3 web site (www.mediag3.com) and Cohen Independent Research, Inc. (http://www.grassrootsrd.com/CompanyDetails.aspx?cid=40).

Joseph L. Anzalone, President & COO, had this to add: "Having the validation of the prestigious Cohen Research team is an exciting development for our Company. Endorsements by the Cohen Independent Group are highly sought after as their firm is generally recognized for providing valuable objective research and analyst coverage. To have them evaluate and issue a buy recommendation for MediaG3, Inc. is a truly positive validation of our business plan and execution strategy."

About Cohen Independent Research Group:

Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearn's Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Cohen Independent Research Group includes nine PhDs, six CFAs (chartered financial analyst), and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. The Cohen Financial and Valuation Model, an analytical and portfolio management system, is a 100+ page income statement model with seven (7) equity valuation and three (3) cash flow analytical models. Our model covers 9,000 public companies. For more information, readers can visit the company's website at www.cohenresearch.com.

About MediaG3, Inc.

MediaG3, Inc. develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. MediaG3 has patent protected broadband wireless technologies and has received the US government grant and Chinese government approval for the company's China Pilot project intended to serve 900 million Chinese people in rural and interior regions. Under the brand of Imperial Wireless, MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless in 19 states and over 500 cities with expansion plans into all 50 states in the US by 2010. MediaG3 is based in Santa Clara, California, with an operation facility in Boise, Idaho and an office in Shenzhen, China. For more information on the company, please visit www.mediag3.com.

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC.

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