There has been a lot of discussion regarding MeshGlobal and MediaG3 MDGC lately and many questions about the details behind this relationship.
I did some DD and believe that MediaG3 has been very open on how this will transpire.
MeshGlobal Story: http://www.meshglobal.com/about-story.html MGI has signed an exclusive License agreement with MediaG3 in turn for a license agreement to using their patented wireless technologies. After MGI completes the first phase of the Mesh Wireless system, has complied with its License Agreement with MediaG3 and has completed the funding program, it will merge with MediaG3, where Mesh Global will be a wholly own subsidiary of MediaG3.
MeshGlobal specialize in commercial, government and institutional deployment of wireless mesh communication networks; will fund and deploy the first model programs, using MediaG3's super-fast next generation wireless networks; and will work closely with MediaG3, who will advise, help and provide the latest wireless technologies, as primary or complimentary solutions for small business, enterprise, neighborhood, community, metropolitan, campus, public and rural areas.
MediaG3 announce today the first of their wireless pilot projects with MeshGlobal has successfully completed the testing phase and have begun signing up select customers moving the project into the sales and marketing stage.
“MediaG3 is excited to announce the launch of the Boise Project, starting with a combined 10 GB pipe, as the first licensing and revenue sharing models using our technologies.” “MediaG3, working closely with MeshGlobal as well as other vendors and subcontractors to develop and deploy these hybrid multi-tier networks to allow for quick and effective deployment in any city worldwide." For more information see http://www.meshglobal.com
MediaG3, working closely with Mesh Global, Inc., a testing and deployment company, currently staging several pilot projects, are also pleased to announce new contracts for connectivity with one of the world’s largest Internet Service Providers, delivering high-quality Internet, Ethernet and Colocation services.
“MediaG3 is pleased to announce these strategic developments as we begin the next growth phase of the company.” stated Val Westergard, MediaG3 chairman. “MediaG3 with Mesh Global now have the high speed fiber backbone available to deliver super-fast wireless mobile broadband services for customer, business and community needs.”
About Mesh Global, Inc.
Mesh Global Inc., specializing in commercial, government and institutional deployment of wireless mesh communication networks, will fund and deploy the first model programs, using MediaG3’s super-fast “next generation” wireless networks. MediaG3 licensed its patented Local Multi-Point Distribution Systems (LMDS) and other proprietary technologies to MeshGlobal, to be used in these model networks.
SAN FRANCISCO, CA- November 3, 2010 – MediaG3, Inc. (PINKSHEETS: MDGC) announces their wireless mesh network pilot projects with MeshGlobal are on track and are quickly moving forward. The companies have met with and secured additional agreements for fiber provision, infrastructure, equipment, engineering and installation to begin deployment on their first pilot projects, and expect to begin “live” testing by the Thanksgiving holiday.
“MediaG3 is excited to announce the launch of these first licensing and revenue sharing models using our technologies,” stated Val Westergard, MediaG3 chairman. “MediaG3 will work closely with MeshGlobal who are scheduled to deploy and test the company’s patented and proprietary technologies as part of a series of pilot projects and plan to merge with MediaG3 upon completion of these agreements."
“MediaG3 previously announced agreements with MeshGlobal to begin the first pilot projects which will also use MediaG3's WiFiBridges technologies, which can move much larger amounts of data through multiple spectrums and can function as a super-fast, primary or complimentary wireless broadband solution for small business, enterprise, neighborhood, community, metropolitan, campus, public and rural areas. Once complete, we intend to invite mayors, education and public safety directors, businesses and other WISPs to come and experience these ‘next generation’ technologies to use, evaluate and consider for their customers, business and community needs.” About MeshGlobal, Inc.
MeshGlobal Inc., a newly formed entity to specialize in commercial, government and institutional deployment of wireless mesh communication networks, will fund and deploy the first model programs, using MediaG3's super-fast “next generation” wireless networks. MediaG3 licensed its patented Local Multi-Point Distribution Systems (LMDS) and other proprietary technologies to MeshGlobal, to be used in these model networks.
I think my hunch is spot on. John Lehne registered MeshGlobal with the Idaho SOS http://www.accessidaho.org/public/sos/corp/C188448.html and has agreed to fund and deploy the Pilot Projects that are introducing MediaG3 technology to the world. Once this is complete and MediaG3 begins bringing in customers and contracts, MediaG3 will merge with MeshGlobal and John Lehne is repaid. Pretty cut and dry. Mesh is simply a deployment company providing contracting services and labor. This appears to be the best way Val could get funding without issuing more shares for MediaG3. Genius move!
Again, the above is simply my opinion but the information is right in front of us.
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