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Obtainer Magazine on DubLi: The Reverse Auction Company Does A Reverse Merger

November 15, 2009

The Reverse Auction Company Does A Reverse Merger!
JC

http://www.obtainer-online.com/dubli_pulls_off_non_plus_ultra_3_229_EN.html

DubLi pulls off non-plus-ultra

DubLi is not only known for its exceptional and trend-setting business ideas, but also for top-notch strategic business decisions. Now, DubLi pulled off the non-plus-ultra in strategic management: as a large but privately-held company, DubLi merges with a smaller, but public company making its own IPO easier. This specific kind of company merger is called a reversed merger.

With that, everyone who wants to get truly rich with network marketing received good news through the ticker. The public company “MediaNet Group Technologies Inc.“ (OTC-BB: MEDG-News), who operates the largest online shopping portal through its subsidiary “BSP Rewards“, recently merged with “CG Holdings Ltd.“, the European based privately-held company of the DubLi family of companies. With the completed merger, DubLi became a wholly-owned subsidiary of MediaNet, and DubLi’s CEO  and COO will hold the same positions within MediaNet.

Michael Hansen, president of the newly combined company, said: „We are very pleased to be part of this unique business combination. Joining the platforms DubLi and BSP connects two shopping alternatives that are both recognized market leaders in their respective areas and also offers a unique shopping program unparalleled in the industry. Our technology in connection with MediaNet‘s long-term relationships to providers of premium brands will make it possible to set new industry standards. We are convinced that this business connection will enable the access to a totally unique method of international shopping and paves the way for a worldwide expansion”.

Martin Berns, CEO of BSP Rewards Inc. explained: „During the past few months we had the opportunity to be intimately involved in DubLi’s vision and progress. DubLi’s goal to evolve into the world leader in international shopping and online auctions is extremely exciting. It offers an outstanding opportunity for the company and its shareholders. DubLi’s auction and online shopping platform is exceptionally sophisticated and, as a combination with our BSP program, acts as a tool for customer loyalty. This offers incentives for continuity and communication with the additional opportunity to instantaneously be able to load cash, bonus payments, payroll and rewards onto almost any debit or credit card domestically and abroad. Combining both platforms offers a myriad of features and benefits with almost no competition. This truly is a scenario where one plus one makes three“.

About MediaNet Group Technologies Inc: Through the corporate division BSP Rewards the company has developed the largest online shopping platform as well as various affinity programs. BSP banks on copyright protected loyalty, reward and shopping programs for customers and organizations, furnishes them with a trade mark, adjusts them according to the customer’s wishes and incorporates debit and stored value cards as a value adding element. Companies and organizations enroll their members into the respective program, and BSP cross-markets them to its entire database. The company generates its product sales through more than 1,000 participating distributors in the virtual shopping centres, including the largest U.S. retailers, and it also provides gift cards and a comprehensive discount catalogue. With over 60 already developed and operating virtual shopping centres BSP Rewards currently services more than 750,000 registered users. The company offers affordable, immediate implementation delivered as turnkey business solutions for companies interested in the expansion of their web-presence and the improvement of their customer relationships. Current merchants in the virtual shopping centres are, among others, Sears, Target, Walmart, Macy’s, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili’s.

About DubLi: There are already a few in-depth articles on DubLi in the archives of OBTAINER (for example the title story of issue 1/2009). Therefore, DubLi will only be briefly discussed here. DubLi Group is a worldwide operating company in the area of online trading and has its financial head quarters in Limassol, Cyprus. DubLi is a dynamically growing and success oriented business in the area of online shopping, well-known for its exciting reverse auctions and entertaining virtual shopping centres on DubLi.com. Buyers received access to a wide variety of top brand products at the absolutely lowest world market prices. At the same time, DubLi network offers people all over the world a unique opportunity to make an additional income through a lucrative part-time or full-time business. Today, the DubLi network is one of the fastest-growing businesses in the direct distribution industry in Europe and the USA.

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