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MediaNet Group Technologies Appoints Charles Arizmendi as Executive Vice President of Enterprise Business Unit

November 28, 2011

BOCA RATON, Fla., Nov. 28, 2011 /PRNewswire/ — MediaNet Group Technologies, Inc. (OTCQB: MEDG), a global shopping and entertainment community, today announced that Charles Arizmendi has been named Executive Vice President of Enterprise Business Unit, reporting directly to Alessandro Annoscia, Chief Operating Officer.

The role of Executive Vice President of Enterprise Business Unit is new within the Company and will lead the strategic sales and marketing efforts of DubLi’s Partner Program around the world, establishing a global network of professional sellers as well as all operating and development resources related to the Partner Program. Mr. Arizmendi will be based out of the Company’s Corporate Headquarters in Boca Raton, Florida.

Mr. Arizmendi brings to MediaNet Group over 22 years of experience in the IT and Computer Software Industries, most recently as Vice President and Chief Operating Officer at BitDefender, a leading security software manufacturer in Eastern Europe. At BitDefender, Mr. Arizmendi’s primary function was for accelerating the Company’s global footprint. As such, he was responsible for the strategic and operational leadership of BitDefender’s global sales, marketing and customer service teams. Mr. Arizmendi was responsible for launching BitDefender’s new partner program, the strategic realignment of the Company’s retail operations and the acquisition of new distributors around the world.

Prior to joining BitDefender in September 2010, Mr. Arizmendi spent 17 years with Microsoft, most recently as Senior Director of Channel Development, Sales, Marketing and Programs for Microsoft Central and Eastern Europe. In this capacity, he designed and directed all activities related to building sales and marketing throughout all Microsoft channels, for all Microsoft solutions and for each customer segment. Under Mr. Arizmendi’s leadership, the CEE region gained the most points worldwide in partner satisfaction; driven primarily by strong profit making initiatives. Prior to his work within Microsoft’s SMB operations, Mr. Arizmendi spent 11 years in various positions within Microsoft’s Services organization, from commencing small professional services practices in the Latin American region to managing Microsoft’s technical relationship with The White House to a temporary position of Chief Operating Officer for all of Microsoft’s Latin American Services Businesses.

Michael Hansen, President and Chief Executive Officer of MediaNet Group Technologies stated, “In reviewing our strategy for the growth and development of the DubLi Partner Program, we identified a skill set that was required for this new key position within the Company. Charles’ background, experience and strategic marketing expertise exceeded our expectations for the perfect candidate. We are excited that Charles will be part of our growing executive team and look forward to his contributions as we commence the sales and marketing efforts of the Partner Program significantly, in 2012. His experience in developing global sales initiatives as well as his expertise in both Central and Eastern Europe and Latin America, two important markets for DubLi, will undoubtedly prove extremely valuable to the entire DubLi organization.”

Charles Arizmendi continued, “I have been watching and admiring DubLi for several years now, so it was without second thought that I would join this exciting Company. Under Michael and Alessandro’s leadership and direction, I am prepared to take on the world with the DubLi Partner Program and welcome the opportunity to share what I have admired with others around the globe. DubLi’s business model is well positioned to take advantage of the world’s global shopping and entertainment arena and I look forward to enhancing Michael’s vision and executing new strategies for growth.”

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.

Contacts:

MediaNet Group Technologies, Inc.:
Stefanie Kitzes
stefanie@medianetgroup.com
561-417-1500

SOURCE MediaNet Group Technologies, Inc.


Source: PR Newswire