MDGC MediaG3 Inc (CE)

MediaG3, Inc. (PINKSHEETS: MDGC), announces today that the Company wishes to express gratitude to its loyal investors for the capital market support of the company as it prepares for exciting growth structured for 2010.

MediaG3 President, Joseph Anzalone stated the following: "2009 was a turbulent year for most companies as we all struggled with the challenges of this volatile economic environment. Notwithstanding these challenges, MediaG3 made great strides in the development of its business and operating plan, which is expected to yield prosperous and exciting results in 2010."

The Company accomplished streamlining its operations for efficiency in serving the broadband markets we had previously announced, as well as positioning the Company for further expansion in 2010 to provide a powerful WiMax services platform to our portfolio of wireless technology. Our Company is poised for exponential growth in the year to come," added Mr. Anzalone.

"Though the capital markets have been unpredictable, and in some respects, have resulted in a disappointing share price for investors, we believe that investors who have a longer term perspective will be accordingly rewarded as the Company continues to build momentum and the market begins to reflect its increasing value," concluded Mr. Anzalone.

Below are the current corporate statistics as reported on PinkSheets.com:

--  Estimated Market Cap $8.58M as of Dec 22, 2009
--  Outstanding Shares 858,195,378 as of Dec 22, 2009
--  Authorized Shares 1,000,000,000 as of Dec 22, 2009
--  Float(shares) 259,934,822 as of Dec 22, 2009
--  Number of Shareholders of Record 170 as of Dec 22, 2009
    

Any questions regarding these figures can be directed to First American Stock Transfer in Phoenix, Az. at 602 485 1346.

The Company recently announced that it had obtained research concluding with a buy recommendation from Cohen Independent Research Group, Inc. As reported, "We (MediaG3) expect robust revenue growth from $7.4 million in 2010 to $39.1 in 2014 representing a CAGR of 51.6%. Our model assumes the Company raises capital through equity/debt of approximately $15.0 million during this period. The Company is eligible to receive grants from the US government. Operating margins are expected to increase from 22% in 2010 to 29% in 2014. We have valued the stock using Discounted Cash Flow (DCF) method to arrive at our long-term price target of $0.086, reflecting forward P/E multiples of 12.8x and 6.8x our estimated 2011 and 2012 EPS, respectively," says Cohen Research Group.

This puts the Company's value in the realm of ten times higher than its current trading range. The entirety of the Cohen Research report for MediaG3, Inc. is available on MediaG3 web site (www.mediag3.com) and Cohen Independent Research, Inc. (http://www.grassrootsrd.com/CompanyDetails.aspx?cid=40).

Furthermore, The Company reports that the China Pilot Project currently underway plan to serve 44M people in Yunnan province through our commercial operator, Yunnan Provincial Cable Company. The commercialization of MediaG3's China plan also includes an opportunity to showcase MediaG3's WiMax services platform in parts of rural China, markets which are showing substantial broadband demand and growth over the coming years.

About MediaG3, Inc.

MediaG3, Inc. develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. MediaG3 has patent protected broadband wireless technologies and has received the US government grant and Chinese government approval for the company's China Pilot project intended to serve 900 million Chinese people in rural and interior regions. Under the brand of Imperial Wireless, MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless in 19 states and over 500 cities with expansion plans into all 50 states in the US by 2010. MediaG3 is based in Santa Clara, California, with an operation facility in Boise, Idaho and an office in Shenzhen, China. For more information on the company, please visit www.mediag3.com.

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, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC.

For additional information, please call: Daniel Baldridge President Gibraltan Financial phone: 407.830.9777