FORT LAUDERDALE, Fla., June 15, 2007 (PRIME NEWSWIRE) -- 247MGI, Inc. ("247MGI") (Pink Sheets:TOFS), which is acquiring PurFusion Worldwide, Inc. ("PFW"), announced today that it is working with PurFusion (http://www.purfusion.com) to acquire several of its strategic partners.
247MGI is in final negotiations with several key partners of PFW to be acquired upon the closing of the PFW transaction. With these partners PFW will add several million to its revenue estimate for 2007 and beyond, while reducing cost of goods sold expenses. These additions will also tremendously increase PFW's asset base and net income projections.
247MGI is working to complete its audit and first quarter 10Q by June 30th. The audit for PFW will begin next week and is expected to be completed around the same time. Once the financials have been filed and 247MGI resumes trading on the OTCBB the closing will take place with PFW.
About PurFusion
PurFusion Worldwide, Inc. offers a diversified product line which targets small and medium-sized enterprises, associations, and the sports and entertainment industry. The unique ability to fuse technology, marketing and media gives their customers the competitive edge on the Internet. They strive to increase revenue, generate web traffic, and provide overall better branding while gathering relevant information for their customers.