247MGI, Inc. (Pink Sheets:TOFS) (“247MGI”)
wishes to clarify its shares structure and plans for the Company moving
forward. The Company has 500,000,000 shares authorized of which
230,000,000 are in the float and 270,000,000 are restricted. Part of the
restricted 200,000,000 shares where reissued after being canceled so
they could be used as collateral in a settlement, if the settlement is
not completed then the shares will be returned to the Company and
converted back to Preferred.
The Company has no plans to increase the Authorized shares or complete a
Reverse Split. The new management will be in place by August 20th
and the first order of business will be to get the Company re-listed on
the OTCBB then announce its Advisory Board which will assist the Company
in identifying potential acquisitions once the Company becomes a
Business Development Company. The Company has five planned investment
areas Finance, Manufacturing, Medical, Green Technology, and Media.
Smallcap Rapp™ Show schedule:
Bret T. Barnhize CEO Nanologix, Inc. (NNLX:PK) August, 8 at 1:00 ET
Ronn Maxwell CEO Ronn Motor Co (RNNM:PK) August, 11 at 1:00 ET
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send
calling cards to our troops. Please donate whatever you can so our men
and women of the military can do what we do everyday, call home!
The foregoing press announcement contains forward-looking statements
that can be identified by such terminology such as “believes,”
“expects,” “potential,”
“plans,” “suggests,”
“may,” “should,”
“could,” “intends,”
or similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from any future results,
performance or achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among other
things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us in
our public filings from time to time. Forward-looking statements speak
only as to the date they are made. The Company does not undertake to
update forward-looking statements to reflect circumstances or events
that occur after the date the forward-looking statements are made.
247MGI, Inc.
Matt Dwyer, Chairman and CEO, 954-323-2516
mdwyer@247mgi.com
