247MGI Issue Update

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FT. LAUDERDALE, FL --(www.USEquityNews.com)-- 06/26/2008 - 247MGI, Inc. (OTC: TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts.


The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action.

With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors. Once new members have joined the Company the new Board will decide what to about bringing the Company current with its financials to resume trading on the OTCBB. Due to the pending legal actions it was not in the Company's best interest to maintain its listing or to build the company. Now with this issue resolved the Company will proceed with building the business and shareholder value.

The Company has identified a new President who will also serve as a Board member. His name will be released after the 4th of July holiday. Matt Dwyer will remain as CEO and a Board member. A third member to the Board who will serve as an outside Board member should be confirmed and announced along with our new President.

Safe Harbor

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information:
247MGI, Inc., Fort Lauderdale
Matt Dwyer, 954-323-2516
mdwyer@247mgi.com

U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

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