Mandalay Digital Group Inc fka MNDL

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September 27, 2007 06:33 PM Eastern Daylight Time
Mediavest Announces Approval of Name Change and Adoption of Stock Plan
LOS ANGELES--(BUSINESS WIRE)--Mediavest, Inc. (MVSI.OB) today announced that its Board of Directors has approved a re-incorporation from the State of New Jersey into the State of Delaware and a concurrent name change to Mandalay Media, Inc. The Board of Directors also approved the adoption of a new 2007 Employee, Director and Consultant Stock Plan. A majority of the Company's stockholders have also, by written consent without a meeting, approved the re-incorporation, the name change and the new 2007 Stock Plan. The Company will file an Information Statement on Schedule 14C and expects that these changes will be effective by the end of October 2007.

About Mediavest, Inc.

Mediavest, Inc. is a development stage company. It intends to complete an asset acquisition, merger, exchange of capital stock, or other business combination with a domestic or foreign business.