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247MGI to Enter Billion Dollar Financial Service Sector for Small Cap Companies and Investors upon Merger Completion

^{Published on 2011-09-20 05:56:30 - Market Wire}
 

FORT LAUDERDALE, Fla.--([ BUSINESS WIRE ])--247MGI, Inc. (Pink Sheets:TOFS) (a247MGIa) is pleased to announce upon completion of its pending merger, the Company will begin servicing the Small Cap market for public and private companies as well as individual investors where over $100 billion dollars exchanges hands annually.

The Company will be an all-inclusive financial servicing broker for Small Cap companies. Services will include acting as a transfer agent, making markets, assisting with financing, and taking private companies public through the use of several subsidiaries. Additionally, the Company will service all of the needs required by a public company such as a transfer agent, brokerage firm, clearing corporation, bank, and an exchange.

The new Company has a long term plan to implement all of the items listed above as well as proprietary products not mentioned to protect them from being copied by competitors. Some of the items listed above have been completed and are operational, while others are still in progress and will soon be completed.

The Company will also consist of two separate brokerage firms, one for retail clients and the other as a self-clearing trading firm. This will allow the Company to clear its own securities while acting as a clearing agent for others and generating additional fees for this type of service. Furthermore, the trading firm will be able to execute sales for the Company of any debt or private placement securities the Company/Trading firm may own or purchase.

Matt Dwyer, President of 247MGI states, aWe are excited to announce this pending merger which puts us at the forefront in the industry. It is becoming harder for Small Cap companies to raise capital using the financial markets to execute their business plans. We are now one of the few full service brokers dedicated to servicing Small Cap companies and investors. This merger is strategically designed to increase revenues and profits while creating a seamless avenue that both public and private companies can rely upon to help them focus on maximizing their growth potential."

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.