BOCA RATON, Fla., Sept. 27, 2011 /PRNewswire/ -- MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that DubLi Entertainment has added 26,000 online games to its platform.
The new gaming platform provides DubLi customers with a way to check-in with their favorite games, discover new gaming options and join a large community of gamers. Many of the new games will allow users to let other gamers know what they are playing, leave or browse tips for their favorite games and earn badges. The games cover many categories including: Featured, Hot New, Popular, Sports, Shooter, Strategy, Puzzle, Action, Multiplayer, Adventure, and Social. Some of the games offer the ability to connect with Facebook, high scores and in game currencies, which allow players to purchase items and upgrades for a specific game. All games are free and some offer the ability to pay for upgrades. Access to games through DubLi Entertainment is free to DubLi customers.
Commenting on today's announcement, Michael Hansen, President and Chief Executive Officer stated, "Online games are a large and rapidly growing form of entertainment, currently estimated at over $1 billion annually. It is our mission to add valuable, flexible and a variety of choice to our customers regardless of their individual preferences. We expect the wide variety of game options available to appeal to our global base of customers and the social component of many of the new games should provide for greater visibility for our Entertainment platform. With DubLi.com's increasing traffic combined with our subscription services, we expect to capture a greater portion of both impulse play as well as those habitual, loyal gamers from our customers."
About MediaNet Group Technologies, Inc.:
MediaNet Group Technologies, Inc. has created a global online shopping community that includes its reverse auction concept, Shopping Mall platform and Entertainment portal. The Company's unique operating strategy combines online shopping with its distribution network to reach customers directly on a global scale.
The foundation of MediaNet Group is grounded in innovative technology, a global platform and an expertise in understanding and capitalizing on global economic trends and changing consumer behaviors. The central hub of the MediaNet Group community is DubLi.com from which all other components of the business model are derived. Additional information about the Company is available in its filing with the Securities and Exchange Commission at www.sec.gov.
Except for historical matters contained herein, statements made in this press release are forward-looking. Without limiting the generality of the foregoing, words such as "may," "will," "to," "plan," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.
Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, the risk of (i) an inability to establish and/or maintain a large, growing base of business associates; (ii) an inability to develop and/or maintain brand awareness for our online auctions; (iii) a failure to maintain the competitive bidding environment for our online auctions; (iv) a failure to adapt to technological change; and (v) a failure to maintain adequate internal controls. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended September 30, 2010.
MediaNet Group Technologies, Inc.:
SOURCE MediaNet Group Technologies, Inc.