Monday, October 26, 2009

DubLi Merges with MediaNet

Source: RTT News

"MediaNet Group Technologies, Inc. (MEDG.OB: News ) announced that it has completed its reverse merger with CG Holdings Limited, a privately-held, European-based holding company for the DubLi companies, effective October 19, 2009.

Upon completion of the merger, the company said that DubLi became its wholly-owned subsidiary and DubLi's Chief Executive and Operating Officers will assume the same positions with MediaNet, and MediaNet's board of directors will also be controlled by directors nominated by DubLi. "

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