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Wednesday, May 28, 2008 5:35:17 AM
FT. LAUDERDALE, FL--(MARKET WIRE)--Mar 28, 2008 -- 247MGI, Inc. (OTC BB:TOFS.OB - News) ("247MGI") will be reducing the number of shares outstanding of its common stock when the Company's President converts his common stock to Preferred stock. 247MGI has also been discussing this with another significant shareholder about doing the same and should they also convert into Preferred the remaining shares outstanding will be approximately 50,000,000.
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