MediaG3 Awarded $10 Million Supply Contract from BusinessCorp Services, Inc.

MediaG3, Inc. (OTCBB: MDGC), a leading developer for broadband wireless product and interactive rich-media content delivery applications, today announced that it had been awarded a $10 million supply contract for a duration of 18 months from BusinessCorp Services, Inc., a network services provider based in Manila, Philippines.

MediaG3 has been selected as the preferred supplier of fixed wireless equipment and software services to support a planned cellular network deployment in Equatorial Guinea. MediaG3’s wireless equipment will provide a last mile wireless access link to enable the cellular network plan to deliver mobile telephone services to Coastal Africa.

“MediaG3, Inc. is pleased to be a part of the exciting developments taking place in developing countries like Equatorial Guinea and to be a partner with BusinessCorp Services, Inc.,” said MediaG3 Chairman and CEO, William Yuan. “MediaG3 has been working with this customer for many years. We are pleased to be awarded this contract, which we believe will benefit the company substantially as we partner with BusinessCorp Services in their plan to develop 21st century IP networks in developing countries in Asia and Africa. We view this as a start to a substantial ongoing relationship between our two companies.”

“We at BusinessCorp Services Inc. are equally pleased to be able to award this contract to our partners at MediaG3, Inc.,” says Managing Director, Sonny Garcia. “Our key executive and technical personnel have had occasion to work with MediaG3, Inc. in the past on various network plans, and have been consistently impressed with the caliber of MediaG3’s wireless professionals and the performance of their fixed wireless equipment and technology.”

“Having adopted the concept of ‘duty-determined serving platforms’ as a network design philosophy, BcSI considers MediaG3, Inc. mg3 wireless equipment as a valuable element of the platform portfolio, serving as a cost-effective solution for bandwidth provisioning both for SME direct clients and for the backhauling of CDMA2000-1X/EVDO last mile wireless access networks,” Garcia adds.

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. With a well-defined business model of “U.S. Technologies, China Market,” 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’s three complementary products and applications, mg3 wireless, mg3 mobile and mg3 web 2.0, generate incremental revenue both independently and collectively. MediaG3 was formed in December 2005, and has two wholly owned subsidiaries in Shanghai China, Oriental Media, Inc and Little Sheep Children’s Product Development Limited. The company is based in San Jose, California with operations in Santa Clara, California, Shanghai and Shenzhen, China. For more information on the company, please visit www.mediag3.com.

About BusinessCorp Services, Inc.

BusinessCorp Services Inc. is an experienced telecom equipment operator and network service provider based in the Philippines.

Forward-Looking Statements:

This release contains forward-looking statements which are based on assumptions and estimates and which are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements often address our expected future business and financial performance and frequently contain words such as “expect,” “believe,” “estimate,” “anticipate,” “may,” “intend,” or “will.”

Factors which may cause actual results to differ materially from the forward-looking statements include: our limited operating history and business development associated with being a growth stage company; our ability to generate positive cash flow to execute our business strategy; our ability to protect our intellectual property and proprietary technologies; general economic and capital market conditions; financial conditions of our customers; unforeseen liabilities arising from litigation; and other factors listed in our most recent Quarterly or Annual Report filed with the SEC.

Readers should therefore not place undue reliance on our forward-looking statements. We undertake no obligation to update any forward-looking statement.

Contacts

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