CMGO Provides
Update
Chicago, IL --
August 26, 2021 -- InvestorsHub NewsWire -- SCMGO XA is
providing an update on previously mentioned jobs in
the works. Our job for Timberland is in production and the
project will take place over three days starting September
22nd. It will be taking place in NYC. Our next
Madewell event will take place in September. XA is extremely pleased to produce
these substantial installations for our loyal customers. Two other
jobs scheduled for late September will likely be pushed
to October. The fourth quarter looks very robust and we are
expecting a solid holiday season.
CMG has also been working on an investment
in new technology related to the crude oil refining business, specifically in the oil-upgrading
sector. It is a multi-patent procedure for re-structuring oil
through magnetic vacuum upgrading which has the ability to
dramatically reduce sulfur and other impurities.
The commercial adaptation of this
new, extremely
disruptive technology is very
close. Excitement is building; and because CMG has been a lender since the company's inception,
it is well placed to
become a participant with, and beneficiary of , this new technology company, by opting to turn a group of loans into an
investment. Due to an
existing NDA, which should lift soon, more details
can't be disclosed at this time, but suffice it to
say, this
investment should
be a game changer for CMG and its
shareholders. We will be
back with more details as
legal matters allow.
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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