MediaG3 to Secure $10M in Funding for Wireless Broadband Build-outs

BOISE, Idaho, Sept. 20, 2011 /PRNewswire/ -- MediaG3, Inc. (OTCPK: MDGC), a provider of wireless broadband solutions, has signed a Letter of Intent to secure a $10 Million funding arrangement with Competitive Companies, Inc. (CCOP). This funding for capital improvements is one of many funding arrangements scheduled with CCI in a unique Partnership allowing both companies to flourish in developing next generation broadband. MediaG3 will sell its Wytec assets to CCI with an ongoing Partnership arrangement that will provide MediaG3 continued and unencumbered access to all of Wytec assets including any future improvements at no cost to MediaG3. Additionally, MediaG3 shareholders will realize the benefits of future patent valuations in a unique dividend share arrangement with CCI. Funding will begin immediately with initial proceeds being directed to current patent maintenance and development.

"We are very excited about our financing arrangement and relationship with CCI in that this type of financing entails a longer term in which future financing needs are pre-negotiated and allow MediaG3 to focus on establishing revenue streams and its objective of becoming the premier provider of 4G and next generation broadband services throughout the United States," explains Val Westergard, MediaG3's chairman.

"Though MediaG3 is utilizing the sale of the Wytec assets to CCI for the funding arrangement, Media will retain full 'usage' rights to the technology and future improvements for its own use. Thus the Company gets the best of both worlds; funding to expand its business and the use of the patented technology at no expense to MediaG3. This is truly a win-win situation for MediaG3," comments CEO Val Westergard.

About Competitive Companies, Inc.

"We are very excited about our growing relationship with Val Westergard and MediaG3 and look forward to adding to the existing management and advisory team in furthering the growth of next generation broadband," remarks William H. Gray, CEO of Competitive Companies, Inc. (CCOP), a Nevada Corporation, with offices in San Antonio, Texas, Eau Clair, Wisconsin and Scottsdale, Arizona. The Company began operations in 1998 to provide telecommunication services including data, voice and video to multiple dwelling units (MDU's) in tier-one and tier-two markets. CCI refocused its business model to delivering wireless broadband Internet to rural communities via wireless technology. "As a result of our unique partnership with MediaG3 and the Wytec asset purchase, CCI will now focus on working with MediaG3 to continue upgrading the Wytec patents while delivering a national and international platform to providers of 4G broadband services to include thousands of urban, suburban and rural wireless Internet service providers throughout North America and beyond," says Mr. Gray. For more information about the Company, visit our website at http://www.cci-us.com.

About MediaG3, Inc.

MediaG3,™ Inc., (MDGC), develops and delivers wireless broadband technology products and services for today's fixed and mobile customers. MediaG3 provides wireless broadband Internet access and Internet telephone throughout the US, under the Imperial Wireless brand. MediaG3 will continue to utilize the five key US wireless patents under the Wytec name and offer wireless broadband technology, technology licensing and equipment under Wytec and Wytec "Next Generation" brands. MediaG3 is headquartered in Boise, Idaho. For more information, or to register to receive updates, please visit their corporate site: http://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.

Contact Information

MediaG3, Inc.

Val Westergard

Chairman & CEO

[e-mail]

For Investor Relations please contact:

EquitiTrend Advisors, LLC.

858.436.3350

website: http://www.equititrend.com or

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SOURCE MediaG3, Inc.

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