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DubLi.com Successfully Launches Global Auction Portal and Australian Portal

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{"s" : "medg.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: MediaNet Group Technologies, Inc. On Tuesday July 6, 2010, 8:00 am EDT
BOCA RATON, FL--(Marketwire - 07/06/10) - MediaNet Group Technologies, Inc. (OTC.BB:MEDG - News) today announced that its wholly-owned subsidiary, DubLi.com, Ltd., successfully launched its previously announced Global Auction Portal and Australian Auction Portal in late June. DubLi.com now offers four auction platforms; including the two existing platforms in the North America and the European Union, and two new platforms, one for Australia and the Global platform serving the balance of the world.

Highlights of the Multi-Platform strategy include:


•Giving users from around the world the ability to bid against each other simultaneously on select products with the price of those products reducing, in real-time, on all four platforms.
•Generating increased bidding activity and creating additional buying opportunities.
•Increasing the activity from worldwide bidders, in every time zone, 24 hours a day provides for greater ability to add state-of-the-art luxury products and travel adventures.
•Allowing customers to view auction items in their own local currencies.
•Enhanced features and benefits that make the auctions more user friendly including a calendar showing how long the auction has been running.
•Worldwide shipping to most countries based upon specific product selection criteria.

Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies and the founder of DubLi.com, stated, "Today we announce the successful launch of a global shopping revolution. We believe we are the first to offer consumers around the world a new and better way to get the most for their money while shopping online through the reverse auction platform. With DubLi.com, shopping online will no longer be bound by borders, time zones, language or currency. We are proud to offer the global shopping community a new way to find named brand products at a fraction of the price in an environment that is fun, exciting and easy to use."