FT. LAUDERDALE, Fla., March 23, 2007 (PRIME NEWSWIRE) -- 247MGI, Inc. (OTCBB:TOFS) ("247MGI") announced today that it has agreed to terms to acquire 20 percent of Jacob Cane Design and receive a 50% revenue share. 247MGI will launch its website next week, which was designed by Jacob Cane.
Jacob Cane Design was started in 1999. The company's main portal is www.jacobcane.com and is based out of Lafayette, Indiana, the home of Purdue University, where Jared Fagan, president of Jacob Cane Design, studied Computer Graphics (CG) in the school of Technology. Jacob Cane Design is a one-stop shop for all online needs. Website design, hosting, domain registration, secure certificate, e-commerce solutions, logo design, business card design, etc -- whatever is needed, they have a solution to help a business run smooth.
Jared Fagan stated, "We are very excited to become a part of the 247MGI organization, this opportunity will be good for the company's growth and the growth of our clients through new and expanded services made available to us through this agreement."
247MGI will release its website next week which will give investors a more transparent look at what the company is doing and where it is heading. The company is positioning itself to be a key player in all facets of the media industry. Through our new President John Loughlin the company will show strong leadership in the media business. This coupled with our pending acquisition of Business Vision Network (www.bvntv.tv) will bolster our capabilities of television production for mainstream TV and IPTV.
247MGI, Inc. is a full service multi media company, 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.