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

 

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

 

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

 

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

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Item	1.01 Entry into a Material Definitive Agreement

In February 2005, the Company acquired Catalyst Financial Planning & Investment Management, Inc., or Catalyst, from its sole shareholder, Madelyn Mallory, Trustee, The Madelyn Mallory Revocable Trust, for $330,000 paid at closing and 79,314 shares of common stock, adjusted for the reverse stock split, to be paid over three years. In February 2006, the Company paid an additional $59,000 as contingent consideration that resulted from growth in the Catalyst revenue.

On January 2, 2007, the Company sold Catalyst to the Mallory Acquisition Corp. for $282,000 and 79,314 shares of MCF Corporation common stock. The revenue and expenses of Catalyst and MCF Wealth Management, LLC will be treated as discontinued operations.

Item	9.01 Exhibits

99.1	Press Release announcing the sale of Catalyst Financial Planning & Investment Management