Bruce Springsteen's 'E Street Radio' to Continue Exclusively on SIRIUS Into 2009 and Clear Channel Radio's Total Traffic Network Expands Relationship with Mio Technology

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City of Industry, CA --(www.USEquityNews.com)-- 06/16/2008 - Broadcasting industry alert provided by U.S. Equity News. SIRIUS Satellite Radio (NASDAQ: SIRI) announced that due to fan demand, "E Street Radio," its exclusive 100% commercial-free channel dedicated to the music of Bruce Springsteen and the E Street Band, will continue through mid-2009. This is the second time the popular music channel's limited run has been extended by SIRIUS. "The voice of E Street Radio fans has been heard, and it is with great pleasure that we can extend the broadcast of the channel and continue this unique and exclusive experience," said Scott Greenstein, SIRIUS President of Entertainment and Sports. "We are excited to continue offering SIRIUS listeners interviews with band members, insider reports and breaking news, and of course, unprecedented access to all the music of Bruce Springsteen and the E Street Band."


Modavox, Inc. (OTCBB: MDVX), Internet broadcasting pioneer and holder of several patented technologies, today reported its year end results for the fiscal year ended February 29, 2008. The company reported gross revenues for the twelve months ended February 29, 2008 increased approximately 6% to $2,817,694 compared to $2,659,992 in the twelve months ended February 28, 2007. The company recorded deferred revenues in its fiscal fourth quarter of $585,423 and accumulated deferred revenue for the year of $874,622. Had these revenues been recognized, the Company would have reported gross revenues of $3,403,117 million or a 26% year over year increase for its fiscal year.

Clear Channel Radio's (NYSE: CCU) Total Traffic Network (CCTTN) today announced that it has expanded its relationship with Mio Technology, a leading worldwide supplier of personal GPS navigation devices, for an additional two years. Under the agreement, CCTTN will provide reliable, real-time traffic data to Mio personal navigation devices. Additionally, Mio will be supporting their new products with an advertising schedule on Clear Channel Radio stations. "When we first chose Clear Channel's Total Traffic Network as our provider of real-time traffic, we looked for a service that could provide accurate, up-to-date information," said Kiyoshi Hamai, Senior Director of Sales & Product Management Mio Technology for North America.

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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