Spirit Incentives Joins the BSP Rewards Network

Business Wire, Feb 18, 2005

MARGATE, Fla. -- BSP Rewards, Inc. today announced that they have signed an agreement with Spirit Incentives, a full service incentive and leisure industry leader to become a "give and redeem" merchant in the BSP Rewards Network with their resort condominium accommodations program. BSP is building a customized branded rewards program and rewards web site, SI Rewards(TM) for application in Spirit's BtoB and BtoC segments along with a special offer for all BSP Rewards members. Launch is scheduled for March 2005.

Gary Baron, President of Spirit Incentives, Inc. commented, "In conjunction with BSP, we have developed a unique program that offers consumers deeply discounted access to fabulous vacation resorts. Our market research indicated that membership in a rewards program that offers additional benefits, continuity and repeat sales was essential to continued growth. After reviewing numerous rewards programs for some time, BSP was the only company that offered us the wide range of customer savings and the opportunity to become a redemption center with cross marketing to their existing members. We are extremely pleased to be a give and redeem merchant in the BSP Network and to offer 5% rewards and membership in Spirit Incentives rewards program, SI Rewards (TM) to every purchaser".

"SI Rewards(TM) is a wonderful addition to our BSP Rewards Network," commented Martin Berns, CEO of MediaNet. "We continually strive to add great companies and merchants to our network which in turn offers expanding variety and benefits to our members and participating companies. Spirit Resorts Vacation program offers a fantastic discount and wide variety of luxury resort venues where members can earn reward points and also purchase vacation with rewards points they have earned anywhere in our system." BSP rewards is a currency that can be spent like cash among all participation merchants and companies for which these merchants receive full value and redemption profits.

BSP Rewards is a unique private branded Rewards and Loyalty Program that offers members up to 15% rewards added to any rewards already associated with their credit cards. This one of a kind program allows participant merchants, manufacturers and service organization the opportunity to become redemption centers and enjoy their full retail margins on redemptions and an override on all purchases made by their members.

About BSP Rewards, Inc.

BSP Rewards, a wholly owned subsidiary of MediaNet Group Technologies, Inc. MediaNet (OTCBB:MEDG), builds private branded rewards and loyalty programs. MediaNet Group Technologies, Inc. encompasses an integrated group of operating divisions that revolve around the many aspects of media and technology including software, web portal programs, branded rewards programs, television and video production and intellectual properties. BSP, as an operating division of MediaNet, builds private branded loyalty/reward programs for web merchants, retail merchants, organizations and companies. The BSP program is branded for each participating company and organization utilizing BSP's proprietary Web applications.

About Spirit Incentive.

Located in Ft. Lauderdale, Florida, Spirit Incentives has grown to be the leading incentive provider in the United States. Product innovation, flexibility and unsurpassed customer care translate directly to your bottom line. Since our inception in 1990, thousands of small, Private and Fortune 1000 companies throughout the United States and around the globe have counted on Spirit Incentives as a strategic partner to their success.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MediaNet Group Technologies, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.