247MGI to Reduce Share Structure to Cancel All Future Financings and Focus on Liquidating Investments

FT. LAUDERDALE, Fla., Nov. 8, 2011 /PRNewswire/ -- 247MGI, Inc. (OTC:TOFS: PK) ("247MGI") soon to be known as Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) will file with the State of FL to reduce its Authorized shares back down to 1.7 billion and will cease seeking outside financing.

The Company had sought outside financing to speed up the business plans of the Company for a minimal increase in its Authorized shares.  The increase had a severe impact on the valuation of the Company and has made all future financing too expensive to justify.

The Company used the funds received to help finance the completion of the pending merger for RightSmile, Inc., which has in the past few days reinstated its PinkSheets status, paid its transfer agent, paid the accountant to bring the financials current and will be reinstated with the State of NV within the next 48 hrs.  The money spent here will allow the Company to begin generating trading profits, which will be used to further the business plans of the Company without further dilution.

Due to the fact that we could not receive all the funding needed to get a head start on the business plan the Company did not move forward with its planned deposit on a brokerage firm. However, the Company will execute this plan prior to year's end and has also delayed the installation of the software by a couple weeks.

The name change is still planned for November 18th along with the following symbol requests, BCEI, BCAP, BCEI.  The Company will focus on getting RightSmile up and current so it can announce then complete its pending merger, and allow us to begin liquidating out holdings.

The Company stated it plans on reducing the Authorized shares to 1.2 billion by year end and that goal still remains.  Through a combination of the Company buying back shares along with individual investors buying back shares, this should be accomplished.

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.

Contact:

       Matt Dwyer, President
       [email protected]
       954-623-3209

SOURCE 247MGI, Inc.; Baron Capital Enterprises, Inc.