BOISE, Idaho, June 25, 2012
/PRNewswire/ -- MediaG3, Inc., (OTCPK: MDGC), a provider of
wireless broadband Internet solutions today announced the company
has settled the 1.9 million dollar
law suit with the former CEO of MediaG3. With this settlement
completed, MediaG3, Inc. will now focus on expanding opportunities
to provide their hybrid network system solutions for wireless
broadband Internet, telecommunications, infrastructure, mesh and
backhaul networks.
MediaG3's current CEO, Val
Westergard, is pleased the attorneys were able to complete
this settlement agreement which is reflected on 1st Quarter 2012
Current Financials reducing our Liabilities by over 52%. With this
large percent of the liabilities removed, MediaG3 will pursue
opportunities to integrate and deploy their hybrid networks and
technologies which will add revenues, attract strategic partners
and open doors to provide Internet service and solutions to
business, government, healthcare, industry, education,
telecommunications and other companies who have been bottled necked
by lack of bandwidth, availability or who need an additional level
of network reliability and redundancy. MediaG3's networks offer
direct access as well as high-speed point-to-point and point to
multi-point wireless links at speeds from 50Mbps to
1Gbps.
MediaG3′s network solutions can move much larger amounts of data
through multiple spectrums and work great as a primary or
complimentary solution for cities, urban and rural areas as well as
for small business, enterprise, neighborhood, community,
metropolitan, campus, public areas. MediaG3's networks may just be
the missing link in next generation wireless broadband
technology.
About MediaG3, Inc.
MediaG3, Inc. designs, develops and deploys wireless broadband
Internet products, services and solutions for today's fixed and
mobile customers. MediaG3's products and services are specifically
designed to enable cost effective solutions for wireless
communications and content delivery to targeted customers, provide
complimentary off-load capabilities for other wireless providers
and wireless broadband to those lacking in infrastructure, speed or
throughput. MediaG3's near term business growth plan is focused on
developing and building small cell or micro cell networks and
network models to generate revenue via subscribers. Business plan
and specific details about our micro cell networks will be
forthcoming on our website. MediaG3, Inc., a Delaware corporation, is headquartered in
Boise Idaho. For more information,
or to register to receive updates, please visit their corporate
site http://www.mediag3.com/news.php.
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.
Investor Relations:
MediaG3, Inc.
Email: info@mediag3.com
Phone: 208-321-4188 x 2
SOURCE MediaG3, Inc.