DubLi Worldwide Auction Platform to Launch June 2010

. June 16, 2010

MediaNet Group Technologies, Inc. (OTCBB: MEDG) today announced the Company’s plan to launch a worldwide auction platform. Through its wholly-owned subsidiary, DubLi.com, the Company’s global platform will allow customers around the world to vie for top brand items. This platform, along with an Australian platform, will be launched at the end of June. By the end of June 2010, DubLi.com will host a total of four auction platforms to serve customers in North America, Europe, Australia and the remaining parts of the world. Michael Hansen, Founder of DubLi and President and CEO MediaNet Group, stated, “The global platform offers DubLi.com the ability to capitalize on the world’s time zones, enabling us to sell more products. In addition, this platform allows customers to participate in the auction alongside customers on the other side of the world.”

The four auction platforms will each interact with and impact the other as customers around the world will have the opportunity to contend for high end merchandise as well as unusual items and travel adventures. Mr. Hansen continued, “We are raising the expectations of customers by the items offered across our four platforms; where other companies will have to follow our lead in order to stay competitive.” Combined, these platforms are going to showcase an impressive inventory of a variety of auction items.

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. is a publicly held company and trades on the over the counter bulletin board (“OTCBB”) under the symbol MEDG. Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov

Category: Online Auctions

Comments are closed.