247MGI to Become Fully Reporting
June 28 2011 - 11:34AM
Business Wire
247MGI, Inc. (Pink Sheets: TOFS) (“247MGI”) plans on retaining
it previous auditors to complete audits on 2009, 2010 and the first
two quarter of 2011.
Once the audits are complete the Company will file an S1
Registration and once again become a fully reporting entity. During
the next few weeks the Company will continue making disclosures
with PinkSheets.com to become a “PK” listed entity which is needed
for the Company’s future plans.
As the Company works to zero out its current liabilities it will
examine how much further it can reduce the number of Authorized
shares.
The Corporation is entering into is a multi billion dollar
segment that has seen record growth during recent years and
projections of continued growth on an annual basis. The
Corporations President has been working on this plan for several
years and believes the Company will have numerous revenue streams
from synergistic products all centering around one market.
The Company asks Shareholders to monitor PinkSheets.com for
continued developments as the Company prepares for the future.
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.