247MGI Begins Final Phase Prior to Its Pending Merger in a Multi-Billion Dollar Industry

Sept. 9, 2011 - PRLog -- Randolph, MA.  LevelStock.com is pleased to announce to all of its members and investors information on MGI, Inc. (PINK SHEETS: TOFS) ("247MGI") has begun the count down to the close of its previously announced merger with a private company in a multi billion dollar industry.

The Company will upload the Attorney Letter to www.pinksheets.com today and Special Counsel for the Company has sent PinkSheets their required Attorney Representation letter. This is the last step to allow the Company to move to a "PK" listing.

The Company is also pleased to announce its plans to execute papers this week as part of the $300,000 debt reduction that will resolve a legal matter which will pave the way for a judgment to be removed completely. The money being used to reduce the liabilities by over $300,000 will not result in the issuance of any Common or Preferred stock or the creation of new debt. The Company's CEO is using his personal funds to finance the reduction in debt and resolve the legal matter.

The Company is currently working on the documents needed to be filed with the State of Florida and FINRA to change the name. To avoid the same mistakes other companies have made in the past that have triggered a "Chill" on their securities, the Company will work with its Special Counsel to have the needed documents filed prior to the name change taking place so this problem is avoided and a "Chill" is not placed on the Company.

As stated previously the Company will reduce the amount of Authorized shares to 1,600,000,000 once the "PK" listing is completed.

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

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.