Global Vision To Offer Merchant Reward Program for Bankcard Holders

Global Vision Holdings, Inc., (OTC: GVHL) a Stored-Value financial services company for business and consumers on a global scale, announced today an agreement with BSP Rewards, Inc. (BSP") of Florida to build a "Global Rewards" consumer purchases reward program that links to thousands of merchants and is available to all debit/stored value and credit card holders from around the world.

LA JOLLA, Calif (PRWEB) July 31, 2004 -- BSP currently has over 4,000 restaurants plus chain restaurants and over 400 merchants available for the program. The merchants include department stores (such as Target and Macys), Office supplies stores (such as OfficeMax), Drug stores (such as Eckerd Drugstore), grocery stores, specialty stores, sporting goods and travel services. To enhance the value of the bankcards, a credit card or debit/stored value card distributor, working also as a "Global Rewards" distributors can automatically enroll (register) all of their bankcard holders into the rewards program.

A bankcard holder can join the Global Rewards program free by signing up on the Web site of their bankcard provider, if the provider is a Global Rewards distributor. A bankcard holder can also sign up for the program for free on the Web site of any of the Global Rewards distributors, a list of which will be made available via a special website managed by GVHL.

Under the terms of the agreement, GVHL will function as the mass-distribution marketer for the program and set up major channel distributors. Global Rewards distributors will earn a percentage of the rewards as commissions. The targeted distributors are the current credit/ debit/stored value card distributors and high traffic volume Web site operators already in place in the industry. BSP will sign up merchants for Global Rewards and provide all back office operations for the program. GVHL and BSP will both share in the revenues.

According to Jack Chang, CEO of GVHL, Our Global Rewards program will offer participating prepaid debit and credit cardholders a rebate of 5% average and up to 15% on purchases made through the participating merchants. To join the reward program, a cardholder will simply register their prepaid debit or credit card on a special website to gain access to the program. Those without cards can purchase a prepaid debit card on the site as well. We believe that this is a unique program that will appeal to both the consumer and merchant as a win-win" offering."

Participating cardholders can also purchase merchandise certificates from any of the participating Certificate Merchants and purchase certificates for up to a 50% discount from participating restaurants and earn reward dollars at the same time. Reward dollars can be redeemed at $1.00 U.S. per reward dollar. Redemptions can be done through virtual shopping at on-line stores, at Certificate Merchants stores or they can be gifted or donated to others by transferring, on the Web, the reward dollars to another member, who may be another consumer or an organization.

Merchants like the program because it creates sales through customer loyalty. Merchants can also sign up as authorized redemption centers so they receive the redemption sales. This program not only provides more benefits to prepaid debit/stored value or credit cardholders it also provides additional monthly recurring revenue income to the distributors, since a percentage of the rewards go to the distributors, including GVHL, the Master Distributor.

Other GVHL planned debit/stored Value card benefit features for the cardholders and distributors will include:
Low-cost life insurance, low cost discounted healthcare plans, and debit cards with long distance calling features. Combining competitively rated long distance calling feature with prepaid debit card will be a welcoming feature to many cardholders.

Prepaid debit cards are in great demand by businesses and individuals that do not qualify for bank accounts or credit cards throughout the world, and the market for prepaid debit cards is just in its embryonic stage of growth and virtually untapped outside of the U.S.

About GVHL
GVHLs CEO is Jack Chang, the co-inventor of the ATM machine. It is a Stored-Value (Prepaid financial services)business development and marketing company in the financial services industry. GVHL addresses the financial service needs of small to medium sized businesses as well as consumers on a global scale. GVHL specializes in the providing these services to the Bank Debit Card sector of the financial services industry. For more information, visit www.Global-Vision.com.

About BSP Rewards, Inc.
BSP is a subsidiary of MediaNet Group Technologies, Inc. of Margate, Florida. MediaNet encompasses an integrated group of operating divisions that revolve around the many aspects of media and technology including software, web portal programs, branded rewards programs, television and video production and intellectual properties. BSP, as an operating division of MediaNet, builds private branded loyalty/reward programs for web merchants, retail merchants, organizations and companies. The BSP program is branded for each participating company and organization utilizing BSPs proprietary Web development tools.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Global Vision disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

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