CMG Holdings Reports Improved Balance Sheet and Growth Prospects
March 13 2019 - 9:30AM
InvestorsHub NewsWire
All Convertible Debt Retired
Under Favorable Terms, Experiential Advertising Subsidiary
Continues to Execute on Growth and is Expanding
CHICAGO, IL March 12,
2019 -- InvestorsHub NewsWire -- PRLog -- CMG Holdings Group, Inc.
(CMGO/OTC), through the office of the CEO, announced today that the
Company is completely free of convertible debt. Stated Glenn
Laken: "I am working diligently towards resolving any of the debts
that remain on CMG's books, and hope to have those issues resolved
by the time the company reports on or around April 1, 2019."
In additional news, CMG's subsidiary XA - The Experiential Agency
(
http://www.experientialagency.com/)
–
announced that it will be moving into new corporate offices in New
York City over the next few weeks and is preparing to stage its
largest Cochella event to date. Further, XA has been
contracted to produce the Met Ball after party for the Italian
fashion brand Mochino later this spring. Laken stated: "We're
excited about this opportunity and the exposure these substantial
revenue and high-profile events will generate, and based on the
business' latest sales funnel, believe XA will likely pick up new,
important clients after successfully executing them." Laken
added, "As we move towards the end of the month, I will keep CMG
shareholders informed of any additional newsworthy events."
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc., a marketing communications company,
engages in the operation of organizations in the alternative
advertising, digital media, experiential and interactive marketing,
and entertainment sectors. The Company is involved in the
production and promotion, event design, sponsorship evaluation,
negotiation and activation, talent buying, show production, stage
and set design, and data analysis and management activities.
It also offers branding and design services, such as graphic,
industrial and package designs across traditional and new media,
public relations, social media, media development and relations,
and interactive marketing platforms to provide its clients with
customary private digital media networks to design and develop
individual broadcasting digital media channels to sell, promote,
and enhance their digital media video content through mobile,
online, and social mediums. The Company serves clients across
the marketing communication industry. CMG Holdings Group,
Inc. is based in Chicago, Illinois.
Safe Harbor Statement
The above discussion may include predictions, estimates or other
information that might be considered forward-looking. While
these forward-looking statements represent our current judgment on
what the future holds, they are subject to risks and uncertainties
that could cause actual results to differ materially. You are
cautioned not to place undue reliance on these forward-looking
statements, which reflect our opinions only as of the date of this
presentation. Please keep in mind that we are not obligating
ourselves to revise or publicly release the results of any revision
to these forward-looking statements in light of new information or
future events. Throughout any discussion, CMG will attempt to
present important factors relating to our business that may affect
our predictions.
Contact
Glenn Laken
***@gmail.com
773-770-3440
Source: https://www.prlog.org/12758866-cmg-holdings-reports-improved-balance-sheet-and-growth-prospects.html
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