NEW YORK, March 31 /PRNewswire-FirstCall/ -- CMG Holdings, Inc., (CMG) (OTC BB: CMGO), a full service global marketing, sports, entertainment and management communications company operating in the sectors of talent management, event management and commercial rights, is pleased to announce that its wholly owned subsidiary, CMGO Events Marketing, Inc. (CMGO) has completed the acquisition of the assets of The Experiential Agency, Inc. "We have found a great team at The Experiential Agency. I am confident that our clients will have both focus and commitment from the team as true leaders in their field. The Experiential Agency assets, including the XA brand, are nationally recognized in the event marketing industry. This transaction will strengthen CMG's competitive position in the North American event management market and enhances our ability to expand and diversify CMG's market penetration," says Alan Morell, Chairman and CEO of CMG. "Through this transaction, CMGO has strategically added the assets of a leading event marketing firm," says Jim Ennis, Chief Operating Officer of CMG. "The Experiential Agency has a 20-year history of providing superior, personalized agency services to its clients and a positive work environment. Our team is working with CMGO and their clients to begin the process of building rewarding, long-term relationships," says Joe Wagner, of The Experiential Agency. Viriathus Capital LLC advised CMG Holdings, Inc. (CMG) on the transaction. About The Experiential Agency, Inc. The Experiential Agency, Inc. had offices in Chicago, New York and Los Angeles from which it provided corporations and highly visible brands with comprehensive event marketing, design and production services. Since 1989, the XA team had been the creative force behind prestigious, national projects for such clients as The NBA, Disney, McDonald's, British Telecom, Song Airlines, Eurex, Olympus, Salvatore Ferragamo, Vogue, W Hotels, ABN AMRO and Emirates Airline. In 2006, Special Events Magazine ranked XA as one of the 'Top 30 Powerhouse Event Companies in the World.' About CMG CMG Holdings, Inc. is a full service global marketing and communications company operating in the sectors of talent management, event management and commercial rights. Talent Management includes representation of personalities in the entertainment, athletic, literary industries for endorsements, licensing, speaking appearances, and image marketing. Event Management includes marquis hospitality, sponsorships, licensing, production and implementation of events including hospitality services pairing corporate client sponsors and premier events to ensure the highest return on their investment and brand exposure. Commercial Rights includes branding, consulting, licensing, sponsorships, sales through image marketing tools to generate premier brand recognition for our clients. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. XA, Inc. (OTC BB: XAIN) takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. Contact: CMG Holdings, Inc. Jim Ennis, +1-212-521-4111 Chief Operating Officer http://www.cmgholdingsinc.com/http://www.creativemanagementgroup.com/ DATASOURCE: CMG Holdings, Inc. CONTACT: Jim Ennis, Chief Operating Officer of CMG Holdings, Inc., +1-212-521-4111, Web Site: http://www.cmgholdingsinc.com/

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