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.