SOURCE: 247MGI, Inc.

February 26, 2008 12:43 ET

247MGI Issues Update

FT. LAUDERDALE, FL--(Marketwire - February 26, 2008) - 247MGI Inc. (OTCBB: TOFS) ("247MGI") would like to clear up any confusion regarding its stock quote. For the first 30 days from the time the Company resumed trading on the OTCBB only the sponsoring Market Maker can publish a quote for the Company's common stock on the OTCBB. After the first 30 days, then other Market Makers can initiate quotes to trade the Company's common stock on the OTCBB.

It requires two Market Makers to publish quotes for a security to show a quote, since we only have one Market Maker for the first 30 days, unless you are using a quote system that allows you to see real time Pink Sheets quotes you may not see a quote for the Company's common stock until after the first 30 days.

In other news

Smallcap Rapp™ will feature All Asia Licensing, Inc. (PINKSHEETS: AASI) on Wednesday February 27 http://www.allasialicensing.com/index.html. AASI announced last week that they have entered into a Memorandum of Understanding with Internet content filtering industry leader, Netsweeper (www.Netsweeper.com), the content filtering managed services company which holds the industry's most advanced proprietary global filtering and categorization service for corporations, public sector organizations, ISPs and OEM applications. The terms in the MOU will successfully bring Netsweeper's popular suite of Internet tools and technology into China. Smallcap Rapp™ has been retained by a third party to represent AASI.

US Farms, Inc. will also be featured on Smallcap Rapp™ on Wednesday's show.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," 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.

Contact Information

  • CONTACT:
    Matt Dwyer
    Chairman and CEO
    954 323 2516
    e-mail: Email Contact