MediaG3 (MDGC)

[enlyten]

THIS IS THE BEGINNING OF ONE CONTRACT ONLY & HAS THE POTENTENTIAL TO BE EVEN MORE: MediaG3 is pleased to report significant progress in moving from the planning stage to the execution stage, with specific timelines and revenue objectives from our network implementation project in the Philippines. The schedule calls for 24 MediaG3 LMDS broadband wireless systems and 7,303 customer premise equipment packages (known as CPE’s), worth an estimated $7 million in revenue to MediaG3 to be delivered in 2009. The revenue will be recognized as the system equipment is successfully delivered to customers providing services for businesses as well as consumers in the Philippines.

AND, AND, AND, AND
MediaG3 will also have a stake in the Philippines venture in addition to being an equipment supplier. This will allow MediaG3 to benefit from recurring service-based revenues from the ongoing operations in the future.