247MGI to Concentrate on 5 Investment Areas

FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--247MGI, Inc. (Pink Sheets: TOFS) (“247MGI”) will create four new divisions and have a total of five which will become the key investment areas for the company moving forward.

247MGI after it amends its charter to become a Business Development Company will concentrate on investments in Finance, Manufacturing, Medical, Media, and Green Technologies. Currently 247MGI has identified entities to move into each area and begin growing each division. As stated before when 247MGI spins off a company a percentage of each company will be distributed amongst the shareholders.

247MGI has begun the process of updating its financials to become current and expects to be current within the next 75 days. Once that is done the company will amend its charter to become a Business Development Company.

247MGI to hold a shareholder broadcast on Smallcap Rapp™ Monday August 4 at 4:05 PM EST. All questions will be posted in the chat room both incoming lines will be used to connect the other incoming members of management.

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.