Replies to post #69751 on Baron Capital Enterprise Inc (BCAP)

[Pink Lady]

FT. LAUDERDALE, Fla., Nov. 8, 2011 /PRNewswire/ -- 247MGI, Inc. (OTC:TOFS: PK) ("247MGI") soon to be known as
Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) will file with the State of FL to reduce its
Authorized shares back down to 1.7 billion and will cease seeking outside financing.
The Company had sought outside financing to speed up the business plans of the Company for a minimal increase in
its Authorized shares. The increase had a severe impact on the valuation of the Company and has made all future
financing too expensive to justify.
The Company used the funds received to help finance the completion of the pending merger for RightSmile, Inc.,
which has in the past few days reinstated its PinkSheets status, paid its transfer agent, paid the accountant to
bring the financials current and will be reinstated with the State of NV within the next 48 hrs. The money
spent here will allow the Company to begin generating trading profits, which will be used to further the business
plans of the Company without further dilution.
Due to the fact that we could not receive all the funding needed to get a head start on the business plan the
Company did not move forward with its planned deposit on a brokerage firm. However, the Company will execute this
plan prior to year's end and has also delayed the installation of the software by a couple weeks.
The name change is still planned for November 18th along with the following symbol requests, BCEI, BCAP, BCEI.
The Company will focus on getting RightSmile up and current so it can announce then complete its pending merger,
and allow us to begin liquidating out holdings.
The Company stated it plans on reducing the Authorized shares to 1.2 billion by year end and that goal still
remains. Through a combination of the Company buying back shares along with individual investors buying back
shares, this should be accomplished.
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:
Matt Dwyer, President
[e-mail]
954-623-3209
SOURCE 247MGI, Inc.; Baron Capital Enterprises, Inc.