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247MGI to Become Fully Reporting

  //business-finance.news-articles.net/content/2011/06/28/247mgi-to-become-fully-reporting.html
  Published in Business and Finance on Tuesday, June 28th 2011 at 8:45 GMT by Market Wire
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FORT LAUDERDALE, Fla.--([ BUSINESS WIRE ])--247MGI, Inc. (Pink Sheets: TOFS) (a247MGIa) plans on retaining it previous auditors to complete audits on 2009, 2010 and the first two quarter of 2011.

Once the audits are complete the Company will file an S1 Registration and once again become a fully reporting entity. During the next few weeks the Company will continue making disclosures with PinkSheets.com to become a aPKa listed entity which is needed for the Companya™s future plans.

As the Company works to zero out its current liabilities it will examine how much further it can reduce the number of Authorized shares.

The Corporation is entering into is a multi billion dollar segment that has seen record growth during recent years and projections of continued growth on an annual basis. The Corporations President has been working on this plan for several years and believes the Company will have numerous revenue streams from synergistic products all centering around one market.

The Company asks Shareholders to monitor PinkSheets.com for continued developments as the Company prepares for the future.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as abelieves,a aexpects,a apotential,a aplans,a asuggests,a amay,a ashould,a acould,a aintends,a 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.