247MGI Announces New Management.

FORT LAUDERDALE, Fla. -- 247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") is pleased to announce the Company has come to terms with its new incoming management to come on board. Once 247MGI has obtained D&O insurance Jacques Delorme will assume the role as President and Director and Scott Siegel will assume the role as Co-CEO and Director. Mr. Delorme is expected to assume the role as President August 1, 2008 and Mr. Siegel is expected to join the Company on August 15, 2008.

Next week 247MGI will hold an investors conference to give investors a chance to speak with the incoming management.

About Jacques Delorme:

Mr. Delorme is an experienced business developer having participated in two public market reverse take overs, and one migration from NASDAQ to British AIMS stock market exchange. He is an astute business man having participated in 25 start-ups, formation of joint ventures, turn-around, mergers and acquisitions for small, large and medium-size companies in various industrial sectors primarily in the technology, engineering construction and real estate sectors.

Mr. Delorme is the managing founding partner of Servidel Inc., an International business development, marketing and management consulting firm established in 1988, based in Montreal, Quebec, Canada. He is also the managing and founding partner of Prime consulting LLC - a Coral Springs, Florida base company established in 2005 specializing in marketing, acquisition, and International business development.

Mr. Delorme was a member of the acquisition team that took controlling interest of Dominion Bridge Inc.. an International heavy construction company that was previously owned by Canadian Pacific. Thereafter Mr. Delorme was Vice President Marketing, Vice President Technology and Vice President of International Business development. As part of the corporate management team he was instrumental in the expansion of the company that grew from $55 million CDN to over $1 billion in four years through strategic acquisitions.

In the first 25 years of his career, Mr. Delorme was a successful entrepreneur and business developer in the Information technology sector. As founding partners and executive officers of several computer services startup companies, he launched a number of innovative computerized application packages within the financial, real estate, pharmaceutical and travel industries.

About Scott Siegel:

Mr. Siegel was employed as a senior loan officer and mortgage broker for Lending One, one of Florida's leading hard money lenders, where he serviced the greater southeastern Florida market. In 1991, Mr. Siegel founded Affirmed Medical of South Florida, Inc., a national distributor of first aid products with offices in Sunrise, Florida. In 1997, the operations of Affirmed Medical were merged into those of First Aid Select, Inc. (which later became known as First Aid Direct, Inc.), whose shares were traded on the Pink Sheets and, thereafter the OTC Bulletin Board. Mr. Siegel served as Chairman and Secretary of First Aid Direct, Inc. from 1997 to 2003. In 2003, the assets of First Aid Direct were sold to an investor group including Van-Dyne Crotty, Inc., a privately-held company that had been a shareholder of First Aid Direct. In 2003, First Aid Direct was acquired in a reverse merger with Spearhead Limited, a company formed to roll-up, consolidate and operate companies engaged in the information technologies industry. Mr. Siegel served on the board of directors of and as a consultant to Spearhead Limited until 2005 when he left the company to pursue activities in the real estate financial services industry.

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.