FORT LAUDERDALE, Fla., Feb. 16, 2007 (PRIME NEWSWIRE) -- 247MGI Inc. (OTCBB:TOFS), in an ongoing effort to keep shareholders advised as to the company's new business objectives as well as its current capitalization, announces and defines the stock availability and actual float available for trading.
Matt Dwyer, 247MGI's Chief Executive Officer reported, "As of February 18th 2007 there are 26,315,362 common shares available for trading of which approximately 2,839,502 common shares are held by the public and the balance is held by insiders and others which are restricted." He also added, "Our business plan and mission statement have set the stage for a very exciting opportunity for our shareholders, the details of which will be released over the next couple of weeks."
247MGI Inc. is a full service multimedia company offering its services to both public and privately held companies. 247MGI is 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 and via satellite.
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.