MediaG3 (MDGC)

[GreaseWD40]

LOL! Do you realize how many people and companies there are in China? Sorry, but I don't think your "friends" have their finger on all of China's businesses and activities. There happens to be several public records saying your post is incorrect.

MediaG3's China Pilot Project Approved by China Ministry of Commerce.
http://www.allbusiness.com/trends-events/approvals/11599749-1.html

Publication: Business Wire
Date: Wednesday, October 8 2008

SAN JOSE, Calif. -- MediaG3, Inc. (OTCBB: MDGC), a leading developer for broadband wireless product and interactive rich-media content delivery applications, today announced that its China pilot project has been approved by China Ministry of Commerce. MediaG3's China pilot project is the first step towards implementation of mg3 wireless broadband applications to service over 900 million people in the interior and rural regions of China. It is estimated that an average of $225,000 worth of MediaG3's system and equipment is required to service 10,000 subscribers. In an initial commercialization phase of 5% of rural population or 45 million subscribers, over $1 billion worth of MediaG3's system and equipment will be needed over time.

Obtaining approvals from SARFT science and technology and Ministry of Commerce is a vigorous and thorough process to ensure MediaG3's technology and applications are consistent with China's overall development plan, and to verify the potential benefits, fitness and viability of mg3 wireless in China market.

"We are all very excited about this opportunity and are getting ready to launch this pilot project," said Gordon Guo, General Manager of MediaG3 China Market. "MediaG3's China pilot project is a significant opportunity for MediaG3. First, it will allow us a national venue to demonstrate the immense value of our fixed wireless system to support network planning in China's vast rural areas where communications are needed and fiber and cable cannot be easily utilized. Secondly, the commercial feasibility of these networks will position MediaG3 and its equipment favorably as an important component to these plans for removing the digital divide in rural China," added Joseph Anzalone, Sr. VP of Operations of MediaG3.

http://www.ustda.gov/program/sectors/ict.asp

The information age is fueling the expansion and development of reliable information and communications technology (ICT) systems and services throughout the world. Ambitious plans are under way in many countries, and U.S. firms are poised to supply needed technology and equipment. USTDA furthers the development of this sector by funding various forms of technical assistance, early investment analysis, training, reverse trade missions and business workshops that support the development of a modern infrastructure and a fair and open trading environment.

In fiscal year 2008, USTDA invested in 17 new activities in the ICT sector. The following is an illustrative list of USTDA-supported projects in this area:

East Asia

China Rural ICT Network Pilot – USTDA is providing $593,398 to support investment analysis and a pilot demonstration of a broadband ICT network, which, if successful, could be deployed to provide cable television, phone and Internet access to rural areas in China. MediaG3, Inc. of Santa Clara, CA, is conducting the study and pilot program.

http://www.ustda.gov/search/?cx=001651397586432255877%3Aqucinw3b0mk&cof=FORID%3A11&q=mediag3&sa=Search&siteurl=www.ustda.gov%2Fbusinessopps%2F#562

http://www.ustda.gov/news/pressreleases/2008/EastAsia/China/ChinaJCCTICT_091608.asp

YORBA LINDA, CALIFORNIA (September 16, 2008) – Supporting China's efforts to expand broadband Internet service in rural areas is the focus of a USTDA grant awarded today to the Academy of Broadcasting Science (ABS), a technical institute under the State Administration for Radio, Film, and Television (SARFT). The $593,398 grant was awarded at the 19th Joint Commission on Commerce and Trade (JCCT) meeting taking place at the Richard M. Nixon Presidential Library in Yorba Linda, California.

USTDA is participating in the JCCT meeting as part of the U.S. delegation led by Secretary of Commerce Carlos Gutierrez and U.S. Trade Representative Susan Schwab. USTDA Director for Policy and Program Geoffrey Jackson and Vice Minister of Commerce Ma Xiuhong signed on behalf of the U.S. and Chinese Governments, respectively. Secretary Gutierrez, Chinese Vice Premier Wang Qishan, Ambassador Schwab, Chinese Ambassador to the United States Zhou Wenzhong, and U.S. Secretary of Agriculture Ed Shafer were present at the grant signing.

China has stressed the importance of information and communications technology (ICT) in its overall economic development and prioritized investments in ICT infrastructure in rural areas. Deployment of broadband networks, in order to provide services such as cable television, telephone and internet access, represents a significant component of these plans. ABS has conducted research on the most cost-effective and technically advantageous methods for deploying such a network, and recently decided to examine more closely the potential for Local Multipoint Distribution Service (LMDS) technology.

The USTDA grant will assist ABS in assessing the technology options for its "Direct to Home Rural Coverage" project, and provide the economic and financial analysis needed for the project to move forward. The study will also include a pilot demonstration of one network option in an area covering at least ten villages. ABS hopes to confirm LMDS capabilities with this study and pilot demonstration.

ABS has selected MediaG3, Inc., of San Jose, California, to conduct the study. In addition to the USTDA grant, both MediaG3 and ABS will provide additional resources toward the completion of the study.

The U.S. Trade and Development Agency advances economic development and U.S. commercial interests in developing and middle-income countries. The agency funds various forms of technical assistance, early investment analysis, training, reverse trade missions and business workshops that support the development of a modern infrastructure and a fair, open trading environment. USTDA's strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development. In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.

http://www.ustda.gov/news/pressreleases/2008/EastAsia/China/ChinaJCCTICT_091608.pdf

http://www.ustda.gov/program/sectors/USTDASectorBrief_ICT.pdf

Can't get much more concrete than that!