NEWS - MediaG3 Announces Shareholder Update, Completion of Financials
BOISE, ID, Aug 27, 2010 (MARKETWIRE via COMTEX) -- MediaG3, Inc. (PINKSHEETS:
MDGC) is pleased to announce the company has filed its financial statements for
the quarter ending June 30, 2010, as well as updated all Company Information
required by Pink Sheets. The company's SEC counsel will submit independent legal
opinions required to confirm the accuracy of all information to be true and
correct. Once this legal opinion has been filed, MediaG3, Inc. will be "fully
compliant" with Pink Sheet regulation, lifting its "OTC Market Tier" from
"limited" to "current" information.
"We have gone to great lengths to bring the company's financials into full
compliance with Pink Sheets information disclosure rules, including engaging new
accountants and SEC attorneys to complete this process," said Val Westergard,
MediaG3 chairman-CEO.
Mr. Westergard continued, "With the financials completed, we are now ready to
move ahead with announcements, projects and developments we have been working on
the past several months. We believe you will share in our excitement regarding
upcoming announcements. MediaG3's new Web Site and other materials are scheduled
to launch in September which will describe and explain these in more detail."
About MediaG3, Inc. MediaG3 develops, markets, and delivers broadband wireless
technology products and services for today's fixed and mobile customers. MediaG3
has five US wireless technology patents. MediaG3 offers Internet access and
Internet telephone via fixed and WiMax mobile wireless throughout the US, under
the Imperial Wireless brand. MediaG3 will offer their wireless broadband
equipment, technology and technology licensing under the Wytec and Wytec "Next
Generation" brands. Wytec and Imperial Wireless are wholly owned subsidiaries of
MediaG3. MediaG3 headquartered in San Francisco, CA, has an office and a lab in
Boise Idaho. For more information, or to register to receive updates, please
visit their corporate site www.mediaG3.com.
Safe Harbor Act: This release may contain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or "planned," "will"
or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and
other unanticipated circumstances.
Shareholder Relations:
Gibraltan Financial
407.830.9777
daniel.baldridge@gibraltan.com
SOURCE: MediaG3, Inc.
CONTACT: mailto:daniel.baldridge@gibraltan.com
