SOURCE: 247MGI, Inc.

March 25, 2008 11:30 ET

247MGI to Launch Real Estate Coaching Program

FT. LAUDERDALE, FL--(Marketwire - March 25, 2008) - 247MGI Inc. (OTCBB: TOFS) ("247MGI") is pleased to announce that 247Broadcast Network, the Company's IPRadio network, will begin airing programming for National Short Sale Service on Thursday, March 27, at 1:00 PM.

National Short Sale Service is offering coaching to licensed Real Estate agents and Real Estate investors, teaching them how to do Short Sales. National Short Sale Service will even do the work for the agent and the agent keeps all the commission. The Thursday launch will be hosted by Jim Sullivan, who began his Real Estate career in 1974 at the age of 21 and by the time he was 24 he was rated in the top 1% of a large franchise company. During his 30+ years as an agent, Jim has sold over 2000 properties and Jim has coached over 500 Real Estate agents to do the same thing. Jim then took the skills and techniques he had learned and applied them to investing, buying and selling hundreds of properties. With the downturn in the market, Jim and his team have used his knowledge and experience to develop a professional system for locating prospects and structuring deals.

National Short Sale Service is marketing its classes to Real Estate agents across the country using their own extensive proprietary database. 247MGI is partnering with a National Short Sale Service and will supply studio time and the use of the 247Broadcast Network in exchange for a share of the overall revenue generated by this and other broadcasts. Coaching classes currently being done over the phone via conference calls can range from $1,000 to $5,000 per month and have large memberships. Register for the show at http://www.nationwideshortsaleservice.com/forms/index.cfm?id=80617.

Matt Dwyer, 247MGI's CEO, stated, "We are excited about expanding our programming on the 247Broadcast Network. One of our goals was to offer the network for others to use and share in the revenue since we can stream 24/7."

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