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MediaG3, Inc. China Broadband Wireless
MediaG3 Delivers under
$10 Million Supply Contract
mg3 wireless is a
bi-directional broadband system that is highly effective |
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MDGC
.72
Shares Outstanding 10.95 M
Float: N/A
8/19/2008
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MediaG3, Inc.
develops and markets broadband wireless technology products and
online applications that empower interactive content delivery to
today's fixed and mobile consumers. With a well-defined business
model of "U.S. Technologies, China Market," MediaG3 is developing
its integrated business and product lines to offer the best
solutions for broadband wireless infrastructures, online and mobile
rich-media content delivery. MediaG3's three complementary products
and applications, mg3 wireless, mg3 mobile and mg3 web 2.0, generate
incremental revenue both independently and collectively. MediaG3 was
formed in December 2005, and has two wholly owned subsidiaries in
Shanghai China. MediaG3 is based in San Jose, California with
operations in Santa Clara, California, Shanghai and Shenzhen, China |
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Recently MediaG3,
Inc. announced that it has signed an agreement with Academy of
Broadcasting Science (ABS), a division of State Administration for
Radio Film and Television (SARFT) for a Pilot Project to implement
mg3 wireless broadband applications to service the interior and
rural regions of China.
MediaG3 develops and markets leading technology products and
applications that power interactive content delivery to mobile
devices and via broadband wireless. MediaG3's three integrated
divisions, mg3 wireless, mg3 web 2.0 and mg3 mobile, provide
infrastructure, content and delivery solutions for business and
consumer markets. Corporate communication, marketing, advertising
and personalized content are seamlessly serviced and facilitated to
both fixed and mobile customers through MediaG3 solutions.
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mg3 wireless
Through a partnership with China's Academy of Broadcasting Science
(ABS), a division of the central government State Administration of
Radio, Film and Television (SARFT), MediaG3 is bringing mg3 wireless
for interactive TV coverage and high speed Internet connectivity to
more than one billion Chinese residents who dwell in suburban and
rural areas where landline implementation is cost prohibitive.
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mg3 wireless is a bi-directional broadband system that is highly
effective, economical and scalable for vast areas where lack of
fixed or wireless infrastructure prevails. mg3 wireless can be
customized to operate on a specific radio frequency anywhere between
24 GHz and 43 GHz, and broadcasts point-to-multipoint with 90 degree
coverage per sector at up to 100MB downstream and 80MB upstream
speeds.
mg3 technologies and products have been granted five U.S. patents,
one Chinese patent, one European patent, and the company maintains
three critical network certifications for wireless operations in
China |
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mg3 web 2.0
The next phase of communication and interaction for Internet and
mobile device subscribers is coming through mg3 web 2.0. The mg3 web
2.0 is an extensive network of branded community platforms for
information exchange, social networking, commerce and targeted
marketing to business and consumer markets in China and beyond. The
company plans to launch mg3 web 2.0 in late 2007.
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mg3 mobile
The mg3 mobile platform optimizes the delivery and viewing of
content sent to subscriber cell phones, smart phones, PDAs and other
mobile devices used for both personal and business communication.
Complex rich-media content (voice, audio, dynamic graphics,
streaming video) is easily managed and delivered using the company's
proprietary compression and streaming technologies.
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The market for
rich-media content on wireless devices is tremendous. In China alone
there are more than 400 million mobile subscribers*. This represents
$5.8B in market opportunities. The company has entered into a joint
development partnership with a major smart phone company.
Based in Silicon Valley, MediaG3 develops and provides an array of
wireless technologies and applications to Greater China and Asia
markets. Its operations include a broadband wireless division in
Santa Clara, California, plus two wholly owned subsidiaries in
China, Oriental Media, Inc. and Little Sheep Children's Product
Development, Ltd
The Company has signed its first service agreement with Way2Pay and
will begin the rich-media campaigns to market affinity credit card
products for an on-line national insurance broker of life insurance
products and a nationwide fulfillment broker for the property and
casualty company.
Under this agreement, MediaG3 will utilize its mg3 web 2.0+
technology to assist Way2Pay in marketing its products to well
selected insurance policyholders’ base. MediaG3 expects that this
strategic partnership will provide a continuing revenue stream in
the coming years. It is expected that the first series of contracts
will generate approximately $760,000 worth of services in the coming
months. Way2Pay is actively engaging other clients from the
insurance industry and form other industries to jointly brand and
market an affinity credit card as well as other Way2Pay’s products
using MediaG3’s applications and services.
MediaG3 Delivers under
$10 Million Supply Contract
In March MediaG3 announced that it delivered the first shipment under a
$10 million supply contract.
MediaG3's mg3 wireless system provides last mile wireless access links to
enable broadband wireless service providers and operators to
implement and deliver mobile telephone and Internet services to
their serviced areas. The shipment includes mg3 wireless base
station system and subscriber equipment units, along with network
management software. This is just the first of many shipments to
follow in 2008 and 2009.
"The initial shipment of mg3 wireless under the supply contract is a
true milestone for the company as it underscores our viability as a
major supplier of broadband wireless systems," said MediaG3 Chairman
and CEO, William Yuan. "This also means that the company is on track
to continue revenue growth going forward," Yuan added.
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Contact |
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Adam Friedman
Associates
Adam Friedman, 212-981-2529 ext.18
adam@adam-friedman.com
MediaG3, Inc. Main Office
MediaG3, Inc.
One Almaden Blvd., Suite 310
San Jose, CA 95113
phone: 408.557.2800
fax: 408.557.8800
info@mediag3.com
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