Entercom to Present at Wachovia Nantucket Equity Conference June 25, 2008 and WorldSpace(R) Partners with STMicroelectronics for European Satellite Digital Radio Chips

City of Industry, CA --(www.USEquityNews.com)-- 06/18/2008 - Broadcasting industry alert provided by U.S. Equity News. Entercom Communications Corp. (NYSE: ETM) announced recently that Executive Vice President and Chief Financial Officer Steve Fisher will speak at the 18th Annual Wachovia Nantucket Equity Conference on Wednesday, June 25, 2008. Fisher is scheduled to present at 11:00 a.m. Eastern Daylight Time (EDT). An audio stream of the presentation will be accessible via the Investor Relations section of the Entercom website, www.entercom.com. Listeners are advised to access the weblink at least five minutes prior to the scheduled start time. A replay will be available on Entercom's website for two weeks.



National Lampoon, Inc. (AMEX: NLN), the most widely recognized brand in comedy, recently released its financial results for the third quarter ended April 30, 2007. The Company reported revenues of $2,635,930 for the third quarter of 2008, compared to $813,917 for the third quarter of 2007, an increase of 324%, along with a net profit of $98,000, as compared with a net loss of $1,161,000 or ($0.18) per fully diluted share for the third quarter of fiscal 2007. Factoring in non-cash accrued stock dividends; the company reported a net loss attributable to shareholders of $194,000 or ($0.02) per fully diluted share.

STMicroelectronics, the market leader in technologies for digital satellite radio(1), has recently signed an agreement with WorldSpace(R) Satellite Radio (NASDAQ: WRSP), one of the world leaders in satellite-based digital radio services, to develop, manufacture and distribute chips for European Satellite Digital Radio (ESDR) receivers planned for a WorldSpace pan-European and Middle East service offering, starting with Italy in 2009. The agreement between WorldSpace and ST is expected to lead to the first fully integrated device for channel decoding in ESDR receivers. Based on an open ETSI (European Telecommunications Standards Institute) standard, the ESDR technology enables WorldSpace to employ a hybrid satellite-terrestrial network, where its satellites deliver broad geographical coverage at low cost, while terrestrial transmitters improve reception quality in urban and suburban areas.

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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