MediaG3 Discusses $593,000 Grant Awarded by US Government to Launch Broadband Wireless Pilot Project in China in Exclusive Interview on WallSt.net's 3-Minute Press Show

Business Wire, Oct 1, 2008

SAN JOSE, Calif. -- MediaG3, Inc. (OTCBB: MDGC), a leading developer for broadband wireless product and interactive rich-media content delivery applications, announced that the Company has been featured in an exclusive interview on WallSt.net's "3-Minute Press Show." The interview can be accessed through the following link:

www.tv.wallst.net/r/3-minute-press/Joe-Anzalone-MDGC-PK/276/1099

MediaG3's Senior Vice President of Operations, Joseph Anzalone, discussed with WallSt.net's viewers the grant from the United States Trade & Development Agency (USTDA) to launch the pilot project for broadband wireless to support Internet and digital TV services. The pilot will be done together with its long time Chinese partner Academy of Broadcasting Science (ABS), a division of State Administration of Radio, Film and Television (SARFT).

The USTDA grant will be used to support the engineering, planning and implementation of the pilot project, which will assess MediaG3's fixed wireless equipment and technology in support of a commercialization for China's "Direct to Home Rural Coverage" plan.

Said Mr. Anzalone, "We are delighted and honored to have obtained endorsements and support from both China's SARFT and the USTDA regarding the technical performance and market potential of our broadband wireless technology. This provides us with the opportunity to play a crucial role in establishing broadband wireless coverage for vast underserved population in China."

About MediaG3, Inc.

MediaG3, Inc. develops and markets broadband wireless technology products and online applications that empower interactive content delivery to today's fixed and mobile consumers. With a well-defined business model of "U.S. Technologies, China Market," MediaG3 is developing its integrated business and product lines to offer the best solutions for broadband wireless infrastructures, online and mobile rich-media content delivery. MediaG3's three complementary products and applications, mg3 wireless, mg3 mobile and mg3 web 2.0, generate incremental revenue both independently and collectively. MediaG3 was formed in December 2005, and has two wholly owned subsidiaries in Shanghai China. MediaG3 is based in San Jose, California with operations in Santa Clara, California, Shanghai and Shenzhen, China. For more information on the company, please visit www.mediag3.com.

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