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MDGC MediaG3 Inc (CE)

0.000001
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MediaG3 Inc (CE) USOTC:MDGC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

MediaG3 Announces Joint Venture LOI Agreement With Unilava Networks

07/06/2010 12:31pm

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MediaG3, Inc. (PINKSHEETS: MDGC) announced today the company has signed a Business Joint Venture - Letter of Intent Agreement with Unilava Corporation. The companies have agreed to begin a business joint venture for the purposes of providing Internet products and services to meet needs in undeveloped, underdeveloped and rural areas. The joint venture begins with the companies combined 70 carrier grade microwave towers in 22 states, and a strategy to identify and develop additional assets where needed. Additionally, the Companies will maintain office space, staff, sales & marketing, call center, engineering, technical and customer support at a headquarters in San Francisco, California.

The Joint Venture will bring additional products, services and revenue streams into the Company. The Joint Venture includes developing additional products and services and a Telecom business suite of:

1. Internet, mobile and business phone products and services 2. Road-side assistance programs 3. GPS tracking applications 4. Local yellow pages, mobile advertising & coupon delivery

"With a diverse set of communication products and services at the core, this joint venture combines the vision, experience and complimentary aspects of both companies," says, Val Westergard, MediaG3 CEO. "We will target new revenue streams allowing us to grow as a communications company that can take American innovation, technology, products and services to meet the increasing demand of next generation Internet consumers throughout the US and around the world."

"With our own carrier grade microwave towers positioned across the U.S. and our global team of marketing and sales divisions, we are excited to expand a combined network infrastructure with MediaG3," comments Baldwin Yung, President and CEO of Unilava. "This strategic joint venture is in part with our focus to further develop innovative solutions, offer more product diversity and expand our customer reach to increase sales productivity."

About MediaG3, Inc. MediaG3, Inc. develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. MediaG3 has five US 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. MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless throughout the US, under the Imperial Wireless brand. MediaG3 will market their wireless broadband equipment, technology and technology licensing under the Wytec brand. Wytec and Imperial Wireless are wholly owned subsidiaries of MediaG3. MediaG3 is now headquartered in San Francisco, CA, has offices and a lab in Boise Idaho and an office in Shenzhen, China. For more information on the company, www.mediag3.com.

About Unilava Corporation Unilava Corporation and its subsidiaries provide a wide variety of communications services, products, and equipment that address the needs of small to large businesses and consumers. The company is licensed to provide long distance services in 41 States and local phone services in 11 States. Through its carrier-grade microwave wireless broadband infrastructure and broadband Internet access partners, the company offers mobile and high-definition IP-hosted voice services to residential, small and medium enterprises. The company delivers small business a comprehensive and integrated suite of fee-based online and mobile advertising and web services. Headquartered in San Francisco, the company has regional offices in Chicago, Seoul, Hong Kong, Shenzhen and Beijing China. For more information, please visit www.unilava.com.

About Telava Networks Telava Networks, Inc. provides fixed and mobile WiMAX broadband solutions to residence customers, small and medium businesses, public safety organizations, schools, state and local governments in the United States; and operates a 24/7 network operations center in San Francisco. The Telava Marketing division provides online business directory services; and has strategic partnerships with Verizon, AT&T and Ameritech. The company was founded in 2003 and is headquartered in San Francisco California. For more information, please visit, www.telava.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.

For additional information, Please visit our website at http://www.mediag3.com/news.html or contact Investor Relations: Daniel Baldridge, President of Gibraltan Financial at 407.830.9777 or email daniel.baldridge@gibraltan.com

Contact: Investor Relations: Daniel Baldridge President Gibraltan Financial 407.830.9777 email daniel.baldridge@gibraltan.com

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