Cohen Independent Research Group Issues a "BUY" Rating With a $0.086 Target Price for MediaG3, Inc.

SANTA CLARA, CA, Nov 12 (MARKET WIRE) --
MediaG3, Inc. (PINKSHEETS: MDGC) announced today that it has obtained
coveted research concluding with a buy recommendation from Cohen
Independent Research Group, Inc.

"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.

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).

Joseph L. Anzalone, President & COO, had this to add: "Having the
validation of the prestigious Cohen Research team is an exciting
development for our Company. Endorsements by the Cohen Independent Group
are highly sought after as their firm is generally recognized for
providing valuable objective research and analyst coverage. To have them
evaluate and issue a buy recommendation for MediaG3, Inc. is a truly
positive validation of our business plan and execution strategy."

About Cohen Independent Research Group:

Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1
Independent Research Firm. As founder of Bear Stearn's Western Regional
Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts,
regarded by many to be the top 12 security analysts in the nation. Mr.
Cohen was also the West Coast Senior Vice President of CBWL-Hayden
Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past
Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney)
and Arthur Levitt (past Chairman of the Securities and Exchange Commission
(SEC)).

Cohen Independent Research Group includes nine PhDs, six CFAs (chartered
financial analyst), and 21 analysts covering most industries. The backbone
of the fundamental research targeted at stock investment includes
investigative research into significant corporate events, thorough review
of SEC filings, in depth financial analysis, valuations, and management
profiles. The Cohen Financial and Valuation Model, an analytical and
portfolio management system, is a 100+ page income statement model with
seven (7) equity valuation and three (3) cash flow analytical models. Our
model covers 9,000 public companies. For more information, readers can
visit the company's website at www.cohenresearch.com.

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.

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