UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, ~~D.C.~~DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)~~:December 21~~ February 14, ~~2006~~2007

247MGI, INC.

(Exact name of registrant as specified in its charter)

Florida	0-30011	65-0309540
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1007 N. Federal Highway, Suite D-6, Ft. Lauderdale, FL	33304
(Address of principal executive offices)	(Zip Code)

Registrant'’s telephone number, including area code: (561) 208-8101

Total Identity Corp.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR~~1

ITEM 85.0102 ~~OTHER~~DEPARTURE ~~EVENTS~~OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS

Effective atFebruary ~~the~~14, ~~close~~2007, ofwe ~~business~~entered oninto ~~December~~a 20new Employment Agreement with Matthew P. Dwyer, ~~2006~~our (Chief Executive Officer and Chairman of the ~~"Effective~~Board, ~~Time")~~upon ~~Total~~the ~~Identity~~expiration ~~Corp~~of the term of his previous employment agreement. ~~has~~The ~~amended~~new ~~its~~employment agreement, ~~Articles~~which is for a term expiring on December 31, 2012, provides for the payment of ~~Incorporation~~a fixed salary to Mr. Dwyer of:

• $200,000 for ~~change~~ the ~~corporate~~year ~~name~~ending toDecember ~~247MGI~~31, ~~Inc.~~2007,

• $250,000 for ~~increase~~ the ~~number~~year ofending ~~authorized~~December ~~shares of its common stock from 30~~31,~~000,000~~ ~~shares to 500~~2008,~~000,000 shares,~~

• $300,000 for ~~increase~~ the ~~number~~year ofending ~~its~~December ~~authorized shares of preferred stock from 1~~31,~~500,000~~ ~~shares to 5~~2009,~~000,000 shares, and~~

• ~~effect a one~~ $350,000 for ~~100~~the ~~(1:100)~~year ~~reverse~~ending ~~stock~~December ~~split~~31, ~~of its outstanding common stock.~~2010,

~~The actions were approved by the company's board of directors and the holder of a majority of its outstanding voting securities~~• $400, ~~all as more fully set forth~~000 ~~in the~~for ~~Information Statement on Schedule 14C as filed with~~ the ~~Securities~~year ~~and Exchange~~ending ~~Commission on~~ December 131, ~~2006.~~2011, and

As• $450,000 ~~a result of the name change and reverse stock split, the trading symbol~~ for the ~~company's~~ ~~common~~year ~~stock~~ending ~~which~~December ~~is quoted on the OTC Bulletin Board was changed from TIDC to TOFS~~31, ~~and the CUSIP number of its common stock was changed to 90186V108~~2012. From and after the Effective Date of the reverse split, share certificates theretofore representing pre-split shares will represent only the right to receive the appropriate number of post-split shares. Fractional shares will not be issued in connection with the reverse split; any fractions resulting from the reverse split will be rounded up to the nearest full share. Shareholders will receive a transmittal letter with instructions to enable them to surrender their certificates evidencing the pre-split shares and receive certificates for post-split shares in replacement thereof.

The agreement also grants Mr. Dwyer, as additional compensation, options to purchase an aggregate of 12 million shares of our common stock at an exercise price of $0.07 per share, vesting at the rate of 500,000 options on the first day of each calendar quarter beginning January 1, 2007. The options may be exercised for a period of five years from the date the options vest. The number of shares subject to the options and the exercise price of the options will be proportionately adjusted to give effect to any forward or reverse stock split, recapitalization or similar corporate event completed by our company.

Mr. Dwyer is also entitled to:

•	cash or stock bonuses and/or other incentives as may be determined from time to time by the Board of Directors,

•	six weeks paid vacation during the first 12 months of the term of the agreement and one additional week per year for the remaining term of the agreement,

•	reimbursement for cellular phone expenses and other reasonable out of pocket expenses,

•	a car allowance not to exceed $1,500 per month, and

•	other benefits made available to all of our employees as a group.

The employment agreement with Mr. Dwyer may be terminated by us for cause (as set forth in the agreement), or upon his death or disability. If we terminate the agreement for cause, he is entitled to his fixed salary through the date of termination and all unexercised and/or unvested options immediately terminate. If we terminate the agreement upon his disability (as defined in the agreement), we will continue to pay 50% of his fixed salary, as well as his other compensation, for the balance of the term of the agreement and all unvested options will immediately vest and become exercisable by Mr. Dwyer or his personal representative for a period of six months from the date of disability. In the event of Mr. Dwyer's death, we are required to pay all compensation accrued up to the date of death, pay his fixed salary through the balance of the term of the agreement and all unvested options immediately vest and his estate has the right to exercise any unexercised options for a period of six months from the date of death.

If a "change of control" occurs during the term of the employment agreement Mr. Dwyer may terminate the agreement for "good reason," as described in the agreement, in which event he is entitled to receive a payment equal to 2.99 times his average compensation (including bonuses) during the three years preceding the date of termination. For the purposes of the employment agreement, a "change of control" will be deemed to have occurred on the first day on which Mr. Dwyer is no longer a member of our Board of Directors.

The agreement also contains customary provisions protecting the confidentiality of our proprietary information and provides that Mr. Dwyer may not compete with us during the term of the agreement and for two years thereafter.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No. Description

10.26 Employment Agreement effective January 1, 2007 between 247MGI, Inc. and Matthew P. Dwyer *

* filed herewith, compensatory agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

December 27, 2006			247MGI, Inc.
February 20, 2006			247MGI, Inc.
			By: /s/ Matthew P. Dwyer
			Matthew P. Dwyer, President and Chief Executive officer

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