Baron Capital Enterprise Inc (BCAP)

[rhou]

NEWS:

247MGI, Inc.: 247MGI ISSUES UPDATE

FT. LAUDERDALE, Fla., Sep 02, 2008 (M2 PRESSWIRE via COMTEX) -- 247MGI, Inc. (OTC:TOFS:PK) ("247MGI") would like to update shareholders on how the Company's plans for the future are progressing. As of this Press Release the people we had hoped would join the Company have not.
We have encountered a problem that may hinder our ability to bring our financials current and without being able to bring our financials current we cannot amend the charter of the Company. We had thought we could resolve this matter without delaying our plans, but now it does not seem to be the case.

I have informed both Mr. Delorme and Mr. Siegel of what is taking place and have received emails from them both informing me that due to the pending issue they will not be joining 247MGI in any capacity.

Should 247MGI not be able to work through this issue without taking legal action, the Company will have no choice other then to file a 15G and become a non reporting entity. Should this be the case the Company will not be able to become a BDC.

The Company would also like to take this time to squash rumors that the Company or Mr. Delorme or Mr. Siegel where working on a reverse merger with another company, or anyone other then current management is running the Company. The Company has received emails regarding this matter and they are untrue and unfounded.

Since the Company cannot bring on new management we will need to look for other funding sources since we can not meet the terms of the current loan agreement. 247MGI should begin receiving payments from agreement it has to provide Audio and Video related products for $120,000 this month. The Company will need to use the money to complete the tasks needed to stream video in order to receive all the money due under this agreement.

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.

CONTACT: 247MGI Inc e-mail: [e-mail]

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