CMG Holdings Group's XA Unit Signs New Strategic Client Timberland
October 10 2019 - 9:00AM
InvestorsHub NewsWire
CMG Holdings Group’s XA Unit Signs
New Strategic Client Timberland
October 10, 2019 -- InvestorsHub NewsWire -- CMG
Holdings Group's XA unit continues to burnish its
reputation as the go-to agency for jobs done on short notice,
done right. XA put together a dinner presentation for the CEO of
Timberland. The Timberland event was proposed to Alexis Laken,
President of XA, by a large advertising agency while she was
overseeing XA’s multi-city J Crew University Tour. With only two
week’s lead time, Alexis took the job on and delivered a flawless
event. Timberland’s CEO was so impressed with the result, he
assured her Timberland would soon be working with XA again on
something considerably bigger. This has become the guiding
principle at XA; taking on difficult, hard to deliver work, in
order to secure bigger jobs down the road. XA has spent the last
few quarters seeding for future growth and has been successful
capturing a number of new clients, including Timberland, J Crew,
Madewell, EA Sports and others.
In further corporate news, CMG will
enter into mediation on a malpractice lawsuit against former
attorneys from Eaton and Van Winkle. CEO Glenn Laken said, "It
always makes sense to sit down and discuss settlement to see if you
can narrow the gap." Additionally, XA has had a few discussions
with a potential acquisition in the experiential space and is
waiting on additional financials.
In our last update, purchasing dormant
shares at the transfer agency was discussed. We are working on that
project and should have an update towards the end of the month. We
will be back with further updates as events dictate.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary
operating subsidiary is XA – The Experiential Agency, Inc.
(http://www.experientialagency.com)
- which engages in the alternative advertising, digital media,
experiential and interactive marketing, and entertainment
sectors. XA is involved in production and promotion, event
design, sponsorship evaluation, negotiation and activation, talent
buying, show production, stage and set design, and data analysis
and management activities. The business 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. XA serves clients across the marketing communication
industry. Separately, CMG Holdings Group owns Lincoln
Acquisition Corp., a subsidiary formed to manage its portfolio
investments.
Disclosure Statement
Statements in this press release about our future expectations,
including without limitation, the likelihood that CMG Holdings
Group, Inc. will meet minimum sales expectations, be successful and
profitable, bring significant value to its stockholders, and
leverage capital markets to execute its growth strategy, constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Litigation
Reform Act of 1995. Such forward-looking statements involve risks
and uncertainties and are subject to change at any time, and our
actual results could differ materially from expected results. The
Company undertakes no obligation to update or release any revisions
to these forward-looking statements to reflect events or
circumstances after the date of this statement or to reflect the
occurrence of unanticipated events, except as required by law.
CMG’s business strategy described in this press release is subject
to innumerable risks, most significantly, whether the Company is
successful in securing adequate financing and materially decreases
its convertible debt. No information in this press release should
be construed in any form shape or manner as an indication of the
Company’s future revenues, financial condition or stock price.
Contact
Glenn Laken
CEO
CMG Holdings Group, Inc.
(773) 770-3440
glennbrlaken@gmail.com
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