MediaG3 Announces Joint Venture LOI Agreement With Unilava Networks
June 07 2010 - 7:31AM
Marketwired
MediaG3, Inc. (PINKSHEETS: MDGC) announced today the company has
signed a Business Joint Venture - Letter of Intent Agreement with
Unilava Corporation. The companies have agreed to begin a business
joint venture for the purposes of providing Internet products and
services to meet needs in undeveloped, underdeveloped and rural
areas. The joint venture begins with the companies combined 70
carrier grade microwave towers in 22 states, and a strategy to
identify and develop additional assets where needed. Additionally,
the Companies will maintain office space, staff, sales &
marketing, call center, engineering, technical and customer support
at a headquarters in San Francisco, California.
The Joint Venture will bring additional products, services and
revenue streams into the Company. The Joint Venture includes
developing additional products and services and a Telecom business
suite of:
1. Internet, mobile and business phone products and services 2.
Road-side assistance programs 3. GPS tracking applications 4. Local
yellow pages, mobile advertising & coupon delivery
"With a diverse set of communication products and services at
the core, this joint venture combines the vision, experience and
complimentary aspects of both companies," says, Val Westergard,
MediaG3 CEO. "We will target new revenue streams allowing us to
grow as a communications company that can take American innovation,
technology, products and services to meet the increasing demand of
next generation Internet consumers throughout the US and around the
world."
"With our own carrier grade microwave towers positioned across
the U.S. and our global team of marketing and sales divisions, we
are excited to expand a combined network infrastructure with
MediaG3," comments Baldwin Yung, President and CEO of Unilava.
"This strategic joint venture is in part with our focus to further
develop innovative solutions, offer more product diversity and
expand our customer reach to increase sales productivity."
About MediaG3, Inc. MediaG3, Inc.
develops, markets, and delivers broadband wireless technology
products and services for today's fixed and mobile customers.
MediaG3 has five US patent protected broadband wireless
technologies and has received the US government grant and Chinese
government approval for the company's China Pilot project intended
to serve 900 million Chinese people in rural and interior regions.
MediaG3 offers Internet access and Internet telephone via fixed and
WiMax mobile wireless throughout the US, under the Imperial
Wireless brand. MediaG3 will market their wireless broadband
equipment, technology and technology licensing under the Wytec
brand. Wytec and Imperial Wireless are wholly owned subsidiaries of
MediaG3. MediaG3 is now headquartered in San Francisco, CA, has
offices and a lab in Boise Idaho and an office in Shenzhen, China.
For more information on the company, www.mediag3.com.
About Unilava Corporation Unilava
Corporation and its subsidiaries provide a wide variety of
communications services, products, and equipment that address the
needs of small to large businesses and consumers. The company is
licensed to provide long distance services in 41 States and local
phone services in 11 States. Through its carrier-grade microwave
wireless broadband infrastructure and broadband Internet access
partners, the company offers mobile and high-definition IP-hosted
voice services to residential, small and medium enterprises. The
company delivers small business a comprehensive and integrated
suite of fee-based online and mobile advertising and web services.
Headquartered in San Francisco, the company has regional offices in
Chicago, Seoul, Hong Kong, Shenzhen and Beijing China. For more
information, please visit www.unilava.com.
About Telava Networks Telava Networks,
Inc. provides fixed and mobile WiMAX broadband solutions to
residence customers, small and medium businesses, public safety
organizations, schools, state and local governments in the United
States; and operates a 24/7 network operations center in San
Francisco. The Telava Marketing division provides online business
directory services; and has strategic partnerships with Verizon,
AT&T and Ameritech. The company was founded in 2003 and is
headquartered in San Francisco California. For more information,
please visit, www.telava.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 6-K or 20F and
other filings made by such company with the SEC.
For additional information, Please visit our
website at http://www.mediag3.com/news.html or contact Investor
Relations: Daniel Baldridge, President of Gibraltan Financial at
407.830.9777 or email daniel.baldridge@gibraltan.com
Contact: Investor Relations: Daniel Baldridge President
Gibraltan Financial 407.830.9777 email
daniel.baldridge@gibraltan.com
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