247MGI Updates Broadcast Network Launch


FT. LAUDERDALE, Fla., Oct. 23, 2007 (PRIME NEWSWIRE) -- 247MGI Inc. (Pink Sheets:TOFS) ("247MGI") is launching the 247Broadcast Network, the Company's Internet Broadcast Network, on Friday, October 26, 2007 at 1:00 EDT.

You can register to receive Broadcast news from 247MGI by going to the main page of the website and signing up for the Broadcast Newsletter or type this address into your browser http://visitor.constantcontact.com/email.jsp?&m=1101849315569.

The inaugural show will showcase some of the features that will make Smallcap Rapp stand out from other companies that are offering Pod Casts of CEO interviews. The LIVE show on Friday will allow listeners to contact the station either by phone, email or IM and then hear a response to their question over the web. We will record the session and store it on our website until the next show. 247MGI plans on airing up to a maximum of three shows per week since we own the air time, the show is not subject to a time limitation although this will be determined by individual schedules to allow as many questions to be answered.

The common 5 to 10 minute canned CEO interview typically costs a company $7,500 to $10,000. 247MGI will charge $6,000 initially and may offer a lower rate to partners who can supply a guaranteed number of clients on a monthly basis. The key features to induce companies to use our show are: a LIVE show, interactive with the listeners, at least 30 minutes long, and the ability to add visual effects such as charts, video, pictures, and company highlights.

Once 247MGI releases its proprietary hybrid Player application and the beta test is complete 247MGI will charge $15 per month to the user for the use of the Player application. Some of the features include a 720x480 screen (up to four time the size of other screens), full IM capabilities, chat conference, webcam, web conferencing, pc-pc calling and more all included in the $15 per month subscription fee.

On Thursday 247MGI will release the phone number, email address, and IM instructions for its listeners to ask questions. All questions will be answered on a first come basis and we will try to answer everyone.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

You can register to receive Broadcast news from 247MGI by going to the main page of the website and signing up for the Broadcast Newsletter or type this address into your browser http://visitor.constantcontact.com/email.jsp?&m=1101849315569.



            

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