FT. LAUDERDALE, Fla., March 6, 2007 (PRIME NEWSWIRE) -- 247MGI, Inc. ("247MGI") (OTCBB:TOFS) announced that it has entered into a memorandum of understanding with the Las Vegas Television Network ("LVTN") for the creation, development, marketing and distribution of television programs.
Matt Dwyer, 247MGI's CEO said, "The MOU opens the door for 247MGI and its growing pool of sports and entertainment personalities to produce and distribute what we believe could be one of the hottest sports and entertainment shows in the market place today."
"What happens in Vegas does not necessarily stay in Vegas anymore with our show," Dwyer said. "We intend to keep our stockholders and the viewing public updated on the scope, talent and future programming. Our programming will include professional boxing, horse racing, and a handicap tournament. We will also have sports figures from football, baseball, hockey, basketball, tennis, golf and other professional sports as guests. We also have plans for our viewers to participate in an interactive TV segment that emulates Las Vegas excitement."
Nathan Drage, President of LVTN, stated, "LVTN has created over twenty Vegas-based television shows and will go into production on an additional twenty-two shows in the next sixty days. We are pleased 247MGI shares LVTN's vision for creating Las Vegas based television programming and look forward to their participation in program finance, development, marketing and distribution."
247MGI, Inc. is a full service multimedia company, a one-stop media and advertising company that assists its clients by creating marketing materials utilizing technology driven media formats for the distribution of information worldwide. The Company utilizes the Internet to deliver its content more efficiently and at a higher standard than its competition. 247MGI has developed and continues to create unique programs to include "LIVE" as well as streaming video content which will be delivered through the web, cable and via satellite.
The Las Vegas Television Network has a 24/7 "All Vegas All The Time" original programming format. LVTN programming covers celebrities, sports, and entertainment from the undisputed Entertainment Capital of the World. LVTN owns local station KVTE Vegas 35 which operates as its flagship affiliate and is in the process of negotiating carriage agreements with cable and satellite systems throughout the United States. If it happens in Las Vegas, it's seen on LVTN.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of 247MGI Inc and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.