HINGHAM, Mass., May 26 /PRNewswire-FirstCall/ -- ZipGlobal Holdings Inc. (OTC:ZIPG) (BULLETIN BOARD: ZIPG) is pleased to announce the signing of a non-binding letter of intent to acquire MediaG3, Inc. (OTC:MDGC) (BULLETIN BOARD: MDGC) broadband LMDS technologies and business. This is the first step in the formal process of aligning the MediaG3 technology into the new ZipGlobal platform. It is anticipated that both companies will move quickly towards a definitive acquisition agreement. ZipGlobal Holdings, Inc. is a US based Holdings Company whose goal is to build out a full complement of wireless equipment and technologies that will do business with and support the rapid growth of broadband and IP based networks both domestically and worldwide. MediaG3, Inc. is a leading developer of LMDS broadband wireless technology and products. ZipGlobal Holdings CEO, Mr. Michael Lee comments: "We are excited to have the opportunity to include MediaG3's LMDS technology as part of a new ZipGlobal Holdings growth strategy. MediaG3's patent protected LMDS technology delivers excellent wireless "last mile" access to support the demands of 3G networks and their subscribers in markets worldwide. ZipGlobal has already identified strategic partnership candidates. It is ZipGlobal's definite intention to deliver fully integrated applications and services that will address the needs of current and future telecom and broadband markets. Additionally, ZipGlobal has initiated conversations with several other companies whose products and services can assist ZipGlobal reach our goals. We will endeavor to keep our shareholders fully informed as other opportunities evolve." MediaG3's President and COO, Mr. Joseph L. Anzalone comments: "We have been working diligently with the leadership of ZipGlobal. Both companies share a common vision in how to effectively pursue the unprecedented opportunities for broadband product and services in both the domestic and international markets. ZipGlobal has identified and is launching initiatives that will bring together complimentary technologies and create the synergies necessary to address current and future demands in the market place. We are excited to bring MediaG3's LMDS technology platform in support of this strategy." About ZipGlobal Holdings, Inc. ZipGlobal is a fully reporting OTC:BB company with corporate offices in Hingham, Massachusetts. ZipGlobal previous business has been in telecommunications, payment solutions, and technology based products and applications. The company has definite intention to complete and launch a new telecommunication and technology based platform that will deliver fully integrated applications and services to the current and future telecom and broadband markets. About MediaG3, Inc. MediaG3 develops and markets broadband wireless technology products for today's fixed and mobile customers. MediaG3 is developing its integrated business and product lines to offer the best solutions for broadband wireless infrastructures. MediaG3 is based in Santa Clara, California, with an office in Shenzhen, China. For more information on the company, please visit http://www.mediag3.com/. Forward Looking Statements: Some paragraphs of this news release, particularly those describing ZipGlobal's strategies and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While ZipGlobal is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements. This could have an adverse effect on ZipGlobal results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation of ZipGlobal or any other person that the objectives and plans of ZipGlobal and its subsidiaries will be achieved. CONTACT: Michael Lee, Chief Executive Officer, +1-781-556-1062 DATASOURCE: ZipGlobal Holdings Inc. CONTACT: Michael Lee, Chief Executive Officer of ZipGlobal Holdings Inc., +1-781-556-1062 Web Site: http://www.mediag3.com/

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