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247MGI, Inc.: 247MGI TO LAUNCH BROADCAST NETWORK
Thursday October 18, 2007 10:15:47 EDT

FT. LAUDERDALE, Fla, Oct 18, 2007 (M2 PRESSWIRE via COMTEX News Network) --
247MGI Inc. (OTC: TOFS.PK) ("247MGI") is pleased to announce the launch of the 247Broadcast Network the Company's Internet Broadcast Network.

247Broadcast Network (247BN) was developed to deliver high quality streaming LIVE interactive content over the web. Through our studio in Coral Springs, FL 247BN will be able to deliver IPRadio in broadcast quality. The IPRadio network will deliver high quality MP3 quality audio over the network for the listeners. 247BN will add in the near future the unique feature of delivering video content during the IPRadio stream for those sitting in front of a computer so it is more engaging and interactive. The IPRadio as with the IPTV will have commercial spots it will sell and use for self promotion.

247MGI has designed a radio show that will revolutionize the audio interview process that is currently done today. The show "Smallcap Rapp" will be a live program initially airing once a week and adding additional shows as the Smallcap Rapp following grows. The show promises to give listeners simplified controls, universal computer compatibility and more LIVE interaction features with the company and guests featured. The format of the show is an unscripted LIVE talk show with guest and audience interaction. The listeners will be able to call in and ask questions to the guest or they can either IM or email their questions in during the LIVE broadcast. This is a major change to what is being done today which is commonly a 5-8 minute taped interview to which the client knows what he is going to be asked ahead of time. Smallcap Rapp will be broadcast in high quality, crisp stereo which is another major difference from the shows airing today that have a tin can sound quality to them. All live shows will be recorded and will be available in an archive for listening at later dates or can be downloaded as a pod cast.

On Friday October 26, 2007 247MGI will air its inaugural show of Smallcap Rapp at 1:00 EST to a global audience. Next week 247MGI will announce details about how listeners can either call in, email or IM questions.

Matt Dwyer, CEO stated "This is a major milestone for the company we have worked a long time in planning and developing this Network along with the various types of formats to stand out from the pack. This is the first step towards generating revenue for the Company" 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.

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