Emmis Interactive Partners With Big League Broadcasting and XM Satellite Radio and EMI Music Reach Agreement on Pioneer Inno

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City of Industry, CA --(www.USEquityNews.com)-- 06/10/2008 - Broadcasting industry alert provided by U.S. Equity News. Emmis Interactive, Inc., the software and consulting company that empowers the reinvention of local media, today announced it has partnered with Big League Broadcasting's Sports Radio 790 The Zone (www.790thezone.com) to provide its successful interactive platform and proven sales consulting services. "We have looked at a number of options and decided that the services and system provided by Emmis Interactive give us the capabilities we need to build a serious interactive business," said Andrew Saltzman, Founder and President of Big League Broadcasting.


Modavox, Inc. (OTCBB: MDVX), Internet broadcasting pioneer and holder of several patented technologies, recently announced that through the use of its patented Enterprise Platform, it has provided its customer Jim Click Automotive Team with a broadcasting infrastructure precisely and specifically designed for the delivery of tailored commercials of each of its individual dealerships. The Modavox Enterprise Platform(TM) that supports the site enables customization of the content, real-time publishing and the distribution of video broadcast content. The point-of-sale marketing enabled by Modavox allows Jim Click Automotive Team to deliver video messages tailored towards particular products and customer groups.

XM Satellite Radio (NASDAQ: XMSR) and EMI Music today announced that they have resolved the lawsuit brought by EMI against XM over its Pioneer Inno, a portable satellite radio with advanced recording features. The companies did not disclose terms of the agreement. EMI Music has withdrawn as a party to the complaint filed by the major record companies against XM in May 2006. Similar agreements were announced in December 2007 between XM and both Universal Music Group and Warner Music Group and February 2008 between XM and SONY BMG.

247MGI, Inc. (OTC: TOFS) ("247MGI") is pleased to announce that a substantial shareholder of the Company has agreed to send back to the Company 40 million shares of common stock to be canceled for Preferred shares in the Company. 247MGI has been working on this transaction for awhile and expects the certificates back in its possession within the next couple of weeks. When the 340 million share of common stock are canceled the number of outstanding shares will be 59 million, a big enough reduction for the Company to move forward with its planned reduction of the Authorized shares to 90 million. 247MGI is placing a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!

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