SAN JOSE, Calif. - (Business Wire) MediaG3, Inc. (OTCBB: MDGC), a leading developer for broadband wireless product and interactive rich-media content delivery applications, today announced that it is entered a partnership with Academy of Broadcasting Science (ABS), a division of China central government State Administration of Radio, Film and Television (SARFT). The two entities plan to roll out mg3 wireless for interactive TV coverage and high speed Internet China.
“Broadband wireless technology has tremendous market potential in China, especially in vast regions where cable coverage is not feasible,” said Peiyu Guo, Director of Information Technology Institute, of ABS. “Proven and cost effective broadband wireless technology and applications are two key solutions to satisfy the huge demand in China. We are very pleased to work with MediaG3 to explore and develop broadband wireless applications for connectivity and delivery.”
“After more than two years in test mode, we are pleased to start planning our pilot program with ABS and have an opportunity to participate in a full scale nationwide broadband wireless coverage implementation, in which mg3 wireless will play a important part,” said William Yuan, CEO of MediaG3. “Applying U.S. technology to the China market is our business focus. Through partnerships and in cooperation with both domestic and overseas companies, MediaG3 is playing a role in building a new generation of broadband wireless infrastructure, plus a comprehensive platform to power connection, communication and interaction for mobile and broadband users.”
In the interior regions and rural areas, there are about 900 million Chinese who are under- served or have no connections to the Internet or interactive TV programs. A chance to be a part of the “Rural Coverage” of a national rollout plan will provide opportunities for deploying thousands of mg3 wireless systems.
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. MediaG3 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 the ABS and SARFT
ABS is an academy led directly by China State Administration of Radio, Film and Television (SARFT). ABS's origin is the Institute of Broadcasting Science of the former Ministry of Radio, Film & Television (MRFT). Established in 1958, ABS is currently undertaking ten national research projects including HDTV, DAB, broadband cable integrated information service network, DVB conditional receiving system, DBS (Direct Broadcast Satellite) and mobile multimedia standards, as well as many other ministerial research projects. ABS has long been using Tektronix's products to perform a variety of measurements. For 49 years, ABS has always been advanced in the broadcasting S&T field in China and is at the leading edge of international broadcast S&T.
Forward-looking Statements:
Forward-looking statements such as "believe," "expect," "May," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the volatility of trading markets, the Company’s limited operating history, the inability to obtain additional capital, the Company’s unproven business model, the risks of doing business in China, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.
Investor Relations:
Adam Friedman Associates
Adam Friedman, 212-981-2529 ext.18
adam@adam-friedman.com
