Quote: When was the new corporate launch of MediaG3? What is the "revised business plan" and who comprises the "new management team?"
Spring of 2012, MediaG3 launched with a revised business plan, a new management team and a tremendous vision for the future; MediaG3 has been combining the best of everything we've learned so far.
Why would this statement be included in the "history" section of the website before any such information has been announced?
We are looking to attract the best talent the wireless industry has to combine and build the best fixed and Wireless Broadband Internet company in the world!
This supposedly historical statement says that MDGC is looking to attract talent, not that it has hired anyone new. These two statements just seem to be more false and misleading information. Because they are presented as historical fact and not "forward-looking" statements, they may be actionable as they are not protected by Safe-Harbor provisions.
The entire "history" section of the MediaG3 website is extremely misleading as it does not describe the actual history of MediaG3, but the history of Wytec, Inc., which went out of business in 2003. Certain assets of Wytec, Inc. were were purchased by Ohana Wireless in 2003, AMDL holdings in 2004 and then MediaG3 in 2007. Those "assets" have now been sold to Competitive Companies, Inc. for less than $19,000 and the purchase agreement included the issuance of over 32 million shares of MDGC stock.
In reality MediaG3 began as two subsidiaries that were operated in China -- a children's clothing business called Little Sheep and and business called Oriental Media. Both subsidiaries were given to the previous CEO in exchange for debt owed to him. If you look at the annual reports Val Westergard has filed in the last two years, you will see the references to these previous subsidiaries.
This supposed "history of MediaG3" is just as bogus as the press releases and financial reports Val Westergard has released in the last 2.5 years. https://www.mediag3.com/history.php