247MGI Issues Clarification.FT. LAUDERDALE, Fla. -- 247MGI MGI Mouse Genome Informatics MGI Modular Gateway Interface MGI McKinsey Global Institute MGI Military Geographic Information MGI Marine Geological Institute MGI Policy on the Management of Government Information (Canada) , Inc. (Pink Sheets:TOFS TOFS Tracheo-Oesophageal Fistula Support group ToFS Tower of Frozen Shadows (Everquest game) ) ("247MGI") wishes to clarify its shares structure and plans for the Company moving forward. The Company has 500,000,000 shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. of which 230,000,000 are in the float and 270,000,000 are restricted. Part of the restricted 200,000,000 shares where reissued after being canceled so they could be used as collateral in a settlement, if the settlement is not completed then the shares will be returned to the Company and converted back to Preferred. The Company has no plans to increase the Authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. or complete a Reverse Split. The new management will be in place by August 20th and the first order of business will be to get the Company re-listed on the OTCBB OTCBB See OTC Bulletin Board (OTCBB). then announce its Advisory Board which will assist the Company in identifying potential acquisitions once the Company becomes a Business Development Company. The Company has five planned investment areas Finance, Manufacturing, Medical, Green Technology, and Media. Smallcap Rapp[TM] Show schedule: Bret T. Barnhize CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Nanologix, Inc. (NNLX:PK) August, 8 at 1:00 ET Ronn Maxwell CEO Ronn Motor Co (RNNM:PK) August, 11 at 1:00 ET Military Calling Cards 247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home! The foregoing press announcement contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. |
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