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DubLi Takes ACTION: Announces Sponsorship of Strongman Competition

 

BOCA RATON, Fla., Feb. 24, 2012 /PRNewswire/ -- DubLi.com Limited, a wholly-owned subsidiary of MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that it was the lead sponsor for the Strongman Champions League in Sarajevo, Bosnia which will be televised on Eurosport on Friday, February 24, 2012.

The Strongman Champions League (SCL) is a series of 12-16 competitions around the world, the biggest tour on the professional strongman circuit.  A minimum of 12 athletes compete in each contest and points from each event accumulate towards the Champions League Winner at the end of each year.  The top five finishers of SCL are invited to participate in the World's Strongest Man competition hosted by IMG.  The competition venues are selected from among the best in each host country and include traditional elements into each country's event.  The season opener for the SCL 2012 season will be held in Lapland, Finland, March 9-10, 2012.

The Strongman sport guarantees a great battle and spectacular competition and is televised around the world, not only in the organizing country but also Asia and on Eurosport 1 and 2. Coming off a successful 2011 season, Strongman Champions League is growing again: 16 international shows will be hosted in 2012.  Among them are: The World Strongest Team championship, the woman's World championships and 14 SCL shows all over the world.

Michael Hansen, Founder, President and Chief Executive Officer of DubLi.com, stated "We were honored to be asked to participate as the lead sponsor in the Strongman Champions League event in Sarajevo.  For a minimal investment, the Eurosport broadcast, among others is just another avenue by which to showcase the DubLi brand around the world, many of which we have a loyal following of DubLi customers. We are excited about the intangible benefits from the broadcast of the competition as we enhanced the brand recognition of the DubLi name."

About DubLi.com:

DubLi.com Limited, a wholly-owned subsidiary of MediaNet Group Technologies, Inc. (OTCQB: MEDG), is the world's most comprehensive online shopping and entertainment community. Free membership provides customers with their own personalized shopping and entertainment experience.  Customers can search millions of their favorite products and services with one click, compare shops and prices on one page, then buy from the world's leading, brand name merchants and earn Cashback on every purchase. Over the last 8 years, DubLi has also developed a number of exciting trusted platforms that are only available to its Members.  For example, the Unique bid auctions enable customers to purchase luxury items at up to 99% savings off their retail price. The Xpress Giftcard auctions provide customers the opportunity to purchase discounted Giftcards that can be used, both online and offline, anywhere in the world. Customers also have unlimited FREE access to the most extensive online entertainment portal in the world… including music, games and more.  Founded in 2003, DubLi has emerged as the global shopping and entertainment leader serving millions of customers in over 100 countries.

Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.

Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.

Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of productive business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; (v) a  failure to comply with governmental laws and regulations applicable to our business; and (vi) a failure to improve our internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2011.

Contacts:

DubLi.com Contact:
Stefanie Kitzes
stefanie@medianetgroup.com
561-417-1500

SOURCE MediaNet Group Technologies, Inc.

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