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Re: rhou post# 27300

Monday, 06/02/2008 5:29:13 AM

Monday, June 02, 2008 5:29:13 AM

Post# of 160925
SHARE REDUCTION UPDATE

Share reduction update:

247MGI is in negotiations to cancel up to an additional 49.5 million shares of its Common Stock, the previously announced 300 million share certificate is in the company's hands and will be forward to the transfer agent and canceled within the next week. If all negotiations go as planned then the number of shares Outstanding shall be reduced to less then 50 million and the Company will then reduce the Authorized shares to 90 million as previously announced.