MEDIAG3 INC
SymbolMDGC

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MediaG3 Announces the IW4G WiMAX Launch of Service Availability in the Silicon Valley

2009-11-27 08:55 ET - News Release

SANTA CLARA, CA -- (MARKET WIRE) -- 11/27/09

MediaG3, Inc. (PINKSHEETS: MDGC) is pleased to report the progress on the Company's developing WIMAX service roll-out strategy in the United States.

MediaG3 announces that the Company's expansion plan is advancing impressively in Silicon Valley Metropolis. Recently, the Company announced a successful service launch in Keizer, Salem and Portland, Oregon, Las Vegas, Nevada and Boise, Idaho. This is part of the Company's 19 state market roll out of the Company's revolutionary WIMAX services.

The addressable market, demographics, and Company estimated revenue metrics for broadband internet services in the Silicon Valley metro markets include the following statistics:

  1) Estimated Silicon Valley metro market shows a potential subscriber
     base of 1,764,999.
  2) Percentage of households using broadband and wireless services are
     74%.
  3) Available broadband and wireless subscriber base is 1,306,099
     households.
  4) A very conservative estimated market share to be captured by MediaG3
     being 5%.
  5) Estimating subscribers' revenues exceed $3,265,000/year initially.

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