Posted in General on 17.03.10
Recently there has been a substantial amount of inquiries regarding MediaNet Group Technologies, Inc., the parent company of DubLi. MediaNet Group is a public company trading in the US on the Over-the-Counter Bulletin Board (OTCBB) under the ticker symbol MEDG. The stock of MediaNet Group (OTCBB: MEDG) had a recent price close of $0.54 on March 8, 2010 and has a 52 week range of $0.03-$1.01.
If you are interested in purchasing MediaNet Group shares, please contact your bank, pension administrator or broker and inform them that MediaNet Group trades on the OTCBB under the ticker symbol MEDG.
Newsletter 02/09/2010 -
|The DubLi team is extremely proud to inform that we are now
part of a Public Company. DubLi and our affiliated companies merged
with MediaNet Group Technologies, Inc., a publicly-traded company.
MediaNet Group Technologies is listed on the United States OTC Bulletin
Board with the stock symbol of MEDG.
Our primary goal and focus
has always been to create long-term shareholder value and a company for
which we can all be proud. Being a publicly-traded company allows us
the opportunity to further expand this mission and gives way for us to
truly create a worldwide shopping enterprise that creates significant
worth to our shareholders, business associates and loyal team of
The following is important for your investment understanding:
merger closed in the fourth quarter 2009. As a result, we must
now comply with the United States Securities and Exchange Commission
(SEC) rules, regulations, financial and informational guidelines. There
are many filings to be fulfilled by us with the SEC in the next several
months and we are in the process of meeting these regulations. The
timing of acceptance by the SEC is not exact and we will keep you
the completion of certain regulatory obligations, you will be
issued “restricted” common shares at a ratio of
approximately 2.7 of
MEDG shares for each DubLi share. In accordance with the SEC, the
common shares issued to you will be “restricted”,
as defined by the
SEC, and therefore a holding period of 12 months is mandatory after
which time you can request your common shares to become unrestricted
and thereby “free-trading”.
common shares are expected to be distributed to you in the
second quarter of 2010 as we fulfill the requirements of the SEC and in
accordance with our agreements.
will now be filing quarterly reports of operations with the SEC
on a timely basis and in accordance with SEC regulations. Our initial
filing of operational results will be in mid-February, 2010, reflecting
our three months of operations for the period ended December 31, 2009.
Following our first report of operations as a combined entity, the
market should begin to understand the full potential and value of our
Our management team at DubLi has sincerely valued your investment and
partnership with us. In the coming months, as permitted by the SEC, our
story of growth, success and economic potential will come to light and
we look forward to your continued participation in creating long-term
I want to personally thank you for all your support and partnership in
creating DubLi’s success in the past and the future.
Hansen, President and Chief Executive Officer