247MGI Completes VOIP Asset Acquisition.

0 Comments | M2 Presswire, January, 2008

M2 PRESSWIRE-7 January 2008-247MGI, Inc.: 247MGI Completes VOIP Asset Acquisition(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:07012008

FT. LAUDERDALE, Fla -- 247MGI Inc. (OTC:TOFS.PK) ("247MGI") is pleased to announce that it's wholly owned subsidiary Sovereign Research, LLC has acquired all of the assets of SOYO Group, Inc's (a publicly traded company on the OTCBB) VOIP division in an all stock transaction.

247MGI has issued SOYO 40 million shares of restricted common stock with resale restrictions. After the shares become eligible for resale under rule 144 for the next 2 years SOYO will only be able to sell 250,000 per quarter after TOFS has filed its financial report. The resale also has a daily limitation of only 25,000 per day until it...