FORT LAUDERDALE, Fla., Feb. 26, 2007 (PRIME NEWSWIRE) -- 247MGI, Inc. ("247MGI")(OTCBB:TOFS) announced today that accomplished broadcasting professional John Loughlin has joined 247MGI as its new President.
Matt Dwyer commented, "John Loughlin is an accomplished broadcasting and news-media professional amassing more than 30 years experience in all disciplines of broadcast, broadcast management, new ventures, Internet interactivity and broadcast sales. His career started in the mid 1970's when he worked as a studio floor manager and camera operator for a PBS affiliate and he has progressively learned his craft from the inside out. In the early 1980's, he was part of the launch team for UPI Media Management's WSTG independent television station in the Providence, New Bedford DMA, and went on to WJAR the number one NBC affiliate in the same market. In 1990 he was hired by NASA as NASA-TV's Senior Producer."
Matt also added, "In addition to producing and anchoring 100's of hours of live Space Shuttle Mission coverage, for which he was twice honored by NASA, he launched the interactive NASA Town Hall Meetings in 7 cities across the nation. He was also instrumental in the creation of the commercially available NASA channel.
"He left NASA to launch the Military Channel a start-up cable TV network as Vice President of News and Public Affairs. The Military Channel raised more than 30 million dollars for its broadcast run.
"From the Military Channel, John went on to become Executive Vice President - Broadcast for Bidnow.com. It was during that period that he managed the launch of one of the first Internet-Cable interactive auction telecasts, a series of weekly four-hour live telecasts seen in more than five-million homes coast to coast.
"As a business development director for Context Media in 2000, John oversaw two successful Discovery Channel documentaries, an NBC prime time documentary and a how-to series for Lifetime TV. Context Media was sold in 2005 to Oracle Corporation. Today John owns and operates Media-Rite LLC, a commercial production company and consults for General Dynamics and others. John is also a military trained (U.S. Army Reserve) helicopter and airplane pilot and is an elected member of Rhode Island's part-time House of Representatives."
Dwyer closed by commenting, "We are extremely fortunate to have John join our company and believe his extensive broadcasting experience will be our major building block for the future."
247MGI Inc. is a full service multimedia company offering its services to both public and privately held companies. 247MGI is a one-stop media and advertising company that assists its clients by creating marketing materials utilizing technology driven media formats for the distribution of information worldwide. The company utilizes the Internet to deliver its content more efficiently and at a higher standard than its competition. 247MGI has developed and continues to create unique programs to include "LIVE" as well as streaming video content which will be delivered through the web and via satellite.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of 247MGI Inc and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.