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5000ft. Signs Definitive Agreement with Media Exchange Group

^{Published on 2010-10-27 06:15:36 - Market Wire}
 

LOS GATOS, Calif.--([ BUSINESS WIRE ])--Rachel Baer, Secretary and Corporate Counsel for Media Exchange Group, Inc. (f/k/a China Wireless Communications, Inc.) (Pink Sheets:[ CWLC ]) announced today the signing of a definitive agreement for the merger of 5000ft. and Media Exchange Group. 5000ft will retain its name as a subsidiary of Media Exchange Group Inc.

"Not only is 5000ft one of the top mobile gaming developers in the sector, from a technology perspective, but they have uniquely positioned themselves strategically with some of the most important players in the industry"

aWe look forward to the diverse management experience, marketing and business development capabilities that Media Exchange Group brings to the table,a says Ian Grieve, CEO of 5000ft.

aNot only is 5000ft one of the top mobile gaming developers in the sector, from a technology perspective, but they have uniquely positioned themselves strategically with some of the most important players in the industry,a says Rachel Baer. aCollectively, I feel confident we can become one of the top companies in the global wireless gaming industry.a

5000ft., Inc.

5000ft., Inc. is a high-quality software developer, based in Reno, Nevada, specializing in interactive entertainment products. The company has a strong history in video game production for over 10 years and has specialized in casino gaming products, as an independent studio, for the past 5 years. 5000ft. has working relationships with Cantor Gaming, IGT, GameTech, Bally Gaming and Multimedia Games. [ www.5000ft.com ]

Media Exchange Group, Inc. (MXGI)

Media Exchange Group, Inc. is a digital media, technology, entertainment, wireless gaming and mobile publishing company which provides digital strategy and content in the form of mobile applications, digital media, web and broadcast products via its unique mix of on-deck partnerships, license agreements, and joint venture revenue share arrangements. [ www.mediaexchangegroup.com ].

Forward Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

For more information about this topic, please contact Rachel Baer by e-mail at [ rachel@mediaexchangegroup.com ]., or calling 408-827-3083.