SOURCE: 247MGI, Inc.

May 02, 2008 06:30 ET

Smallcap Rapp™ to Feature Sunovia Energy Technologies, Inc.

FT. LAUDERDALE, FL--(Marketwire - May 2, 2008) - 247MGI, Inc. (PINKSHEETS: TOFS) ("247MGI") is pleased to announce that Smallcap Rapp™ will feature Carl Smith, CEO for Sunovia Energy Technologies, Inc. (OTCBB: SUNV) Monday May 5, 2008 at 1:00 PM EDT.

SUNV recently announced they completed their mezzanine round of financing. The company has raised a total of $12 million, and continues to allocate proceeds to the development of the scalable CdTe-based solar cell manufacturing facility and sales of the EvoLucia™ LED-based solid-state lighting solutions.

About Sunovia Energy Technologies, Inc.

Sunovia Energy (http://www.sunoviaenergy.com) is a Sarasota, Fla.-based renewable energy and energy conservation company that is working to develop an advanced and cost-effective cadmium telluride (CdTe) solar cell technology. Sunovia is also the owner of the proprietary EvoLucia™ LED lighting product line, the incredibly energy-efficient solid-state lighting solutions have received CE, FCC, TUV and IP23 regulatory approvals, and are now being marketed worldwide.

Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc. (http://www.epir.com), one of the most advanced IR sensor and IR imaging companies in the world. EPIR's knowledge, experience and expertise in the growth of CdTe, HgCdTe and other II-VI semiconductors equal or exceed any other company in the world. Their unmatched prowess in this area has been endorsed by the award of unprecedented congressional funds for the development of a manufacturing capability for CdTe on Si and the award of a patent for growing CdTe directly on a Si readout integrated circuit. EPIR and Sunovia have a network of close collaborative relationships with the major Defense Department and industrial labs involved in IR detection and imaging, including the Army Research Laboratory, the Night Vision Electronic Sensors Directorate, BAE Systems, Lockheed Martin, DRS, Raytheon, Rockwell, Texas Instruments and other laboratories around the world.

In other news

Equity Solutions, Inc. announced that it has re-launched its financial news website www.USEquityNews.com. Over the last few weeks, the site has been completely re-designed for easier navigation and search engine optimization to increase investor participation. US Equity News has also added in the ability for our users and subscribers to interact with each other as well as our Company.

"We are excited with the launch of our new version of USEquityNews.com. This new look allows our investors, clients and users of the site to easily navigate the site to review our clients latest news, analyst reports, listen to CEO interviews and read Company profiles," commented Eddie Cruz, President of US Equity News. "We have also added in additional dynamic features such as blogs and a news section that allows our users and the investing public to comment on the news and blogs. In the near future, we have plans of expanding this capability to include interaction between traders and the top quality stock picking entities out there. We will have more news on this new feature this once it is finalized," concluded Cruz.

247MGI will Broadcast a corporate update on May 5 beginning at 6:00 PM EDT.

About Smallcap Rapp™

Smallcap Rapp™ is a one hour live interactive show between its guests and the listening audience. Listeners can call into the show and interact LIVE with the company or they can IM or email questions to the host who will then ask the questions and the company will respond LIVE on the air.

To contact the show please visit www.smallcaprapp.com and you can register for the chat room and interact with other listeners, or you can email questions regarding the upcoming show to listener@247mgi.com.

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:

    247MGI, Inc.
    Matt Dwyer
    Chairman and CEO
    954-323-2516
    Email Contact