Baron Capital Enterprise Inc (BCAP)

[RUPHERT]

247MGI to Reduce Authorized Shares by 30%

FORT LAUDERDALE, Fla., Jul 18, 2011 (BUSINESS WIRE) -- 247MGI, Inc. (Pink Sheets: TOFS) ("247MGI") will file today Monday July 18, 2011 with the State of Florida to Amend its Articles of Incorporation to reduce the number of Authorized Common shares the Corporation has from 5 billion to 3.5 billion shares, the Par value shall remain the same.
The Amendment will be viewable from www.sunbiz.org, the Corporation has also logged in to PinkSheets.com to make the adjustments to the Authorized shares.

The Company hopes to be able to begin posting more financial information by the end of the week on PinkSheets.com and believes a further reduction in the Authorized and Outstanding shares of the Company will happen again shortly.

The Company has no plans for any type of share restructuring for its Common stock.

The Company asks Shareholders to monitor PinkSheets.com for continued developments