247MGI Completes VOIP Asset Acquisition and Clarion Now Features SIRIUS Direct Connect on Select Mobile Multimedia Models.

0 Comments | M2 Presswire, January, 2008

M2 PRESSWIRE-8 January 2008-U.S. Equity News: 247MGI Completes VOIP Asset Acquisition and Clarion Now Features SIRIUS Direct Connect on Select Mobile Multimedia Models(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:08012008

City of Industry, CA -- Broadcasting industry alert provided by U.S. Equity News. 247MGI Inc. (OTC: TOFS) is pleased to announce on Monday January 7, 2008 that its 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...