CMGO's recent change in control summary. This is very rare in the OTC markets.
On November 26th 2012, groups of organized long shareholders sent written correspondence to the then
current management indicating they had 55% majority of the stock and wanted to ammend the corporate bylaws.
On December 13th, 2012, The Majority shareholders were successful in taking back control of the company and appointing a new board of directors and giving current management their departure notices.
On December 19th, The new Board of Directors added new management (Joseph Wagner COO) with industry experience, finalized on termination of old management, and instituted a lock up provision on old managements CMGO shares and AE shares, and retained 55% of UsaveCT and UsaveNJ subsidiaries.
On January 22, 2013, New mangement informs the shareholders of increased communication and updates, a new line of credit for XA, inc., expectations of dramatic increase in revenues (Revenues were already up in 2012 - 9 months ending Revenue 7.5Million). They also informed shareholdes that AE dividend shares are with TA and ready for distribution around Mid Feb 2013. Also informed us of possible corporate name change and ticker change to better reflect main revenue driver, XA, inc.
CMG Holdings, Inc. (CMGO) is a full service marketing commmunicaitons holding company servicing clients in the sectors of marketing, communications, media, entertainment, event production, management and logistical services. CMGO delivers customized solutions to optimize our client's profitability by concentrating in the sectors of event management, talent management and commercial rights. Our mission is to create shareholder value by operating as a holding company, consolidating a fragmented industry through synergistic acquisistions, mergers, joint ventures and strategic hires.
Headquartered in Miami, Florida with marketing and sales offices in New York, Chicago, and Tucson, CMGO provides its clients with synergistic capabilities and services. CMGO's mission is to build a national platform of exceptional companies that deliver solutions in the area of alternative advertising, new media marketing services, commercial rights, and talent management. CMGO is seeking to expand its national presence via its acquired companies, capitalizing on their growth via the economic recovery, intellectual property of continued patents, sales and marketing, new product development and continued operations.
We believe that the current landscape in our industry is underserved by existing service providers and that our business model is structured to optimize profitability by concentrating our resources in those segments of our industry that provide the highest margins.
Company Websites Information and Links
CMG Holdings, Inc.
CMGO's mission is to build a national platform of exceptional companies that deliver solutions in area of alternative advertising, new media marketing services, commercial rights, and talent management. CMGO is seeking to expand its national presence via its acquired companies, capitalizing on their growth via economic recovery, intellectual property of continued patents, sales and marketing, new product development and continued operations.
For more information, please visit: www.cmgholdingsinc.com.
XA, The Experiential Agency, Inc. - wholly owned subsidiary
XA, The Experiential Agency, Inc., a wholly owned subsidiary of CMGO, has offices in Chicago and New York from which it provides corporations and highly visible brands with comprehensive event marketing, design and production services. The XA brand has a 20 year history and its team has been the creative force behind prestigious, national projects for such clients as NBC Universal, Unicef, Harrah's Entertainment, Conde Nast, McDonalds, W Hotels, Emirates Airline and Ritz Carlton.
Salute to XA interview:
Amanda Puck announced Publicist/PR Executive of the Year (2011)!
NEW!!! Check out: http://www.xasocial.com/
Meet the Team! :
For more information please visit: www.expagency.com.
Corporate Financials 2010-2011
CMG HOLDINGS, INC.
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See accompanying notes to unaudited consolidated financial statements
Tuesday, October 18, 2011
CMG Holdings Group Inc. (CMGO), Creative Management Group Inc. Agency Client Bob Arnot M.D. Signs With HarperCollins to Publish His Book "Aztec Diet". (PR Newswire, Tue, Oct 18)
Thursday, August 25, 2011
Monday, March 28, 2011
Thursday, February 3, 2011
Monday, January 31, 2011
Wednesday, January 26, 2011
Monday, January 24, 2011
OTC Market Tier
Primary SIC - Industry Classification
6798 - Real estate investment trusts
State Of Incorporation
Jurisdiction Of Incorporation
Annette Davis, Dir.
U.S. Registered & Reporting: SEC Filer
Fiscal Year End
Estimated Market Cap
$821,113 as of Jun 3, 2010
Div: Spin Off; One restricted share of Real Estate Record Retrieval Services Inc for every share held. Will not be
Record Date: Feb 11, 2008
Pay Date: Mar 4, 2008
Formerly=Pebble Beach Enterprises, Inc. until 3-2008
Transfer Agent (un-gagged)
Contact Information Business Description
CMG Holdings, Inc.
1200 Truxtun Avenue
Bakersfield, CA 93301
CMGO Main Corporate Office
5601 Biscayne Boulevard
Miami, FL 33137
Tel: (305) 751-0588
Fax: (305) 751-5259
New York Office
Marketing and Sales
640 West 28th Street
New York, NY 10001
Tel: (212) 625-9191
Fax: (212) 274-1788
Marketing and Sales
875 N. Michigan Avenue
Chicago, IL 10001
Tel: (312) 397-9100
Fax: (312) 573-1313
Marketing and Sales
9070 South Rita Rd,
Tucson, Arizona 85747
Marketing and Sales Europe
40-42 Parker Street
+44-(777) 170 8611
Chief Operating Officer
5601 Biscayne Boulevard
Miami, FL 33137
Cell: (914) 382-9818
Fax: (914) 470-1407
CMGO management holds 21% of common stock
Alan Morell( President and CEO) 10,107,000 13.2% Common Stock
James J. Ennis (CFO) 3,500,000 4.6% Common Stock
Michael Vandetty(director) 2,490,000 3.2% common stock
All Directors and Executive Officers
16,097,000 21 % of common stock. TOTAL O/S 84 MILLION AS OF Nov 21, 2011
AS OF November 21, 2011 SHARE STRUCTURE
A/S: 450 million
As of May 22, 2012, there were 234,045,652 shares of common stock outstanding.
here is the link:
Board Moderator's Comments (FergusVI) Posted on 4.22.2010
CMGO will wake up soon...LONG DD POST!
CMGO.OB-Sleeping Giant-DD (Warning Long Read) and it's connections with
XA, Inc. (XAIN.pk)
Warning: This stock is a long term hold. This stock is undiscovered. No momentum here….yet.
First of all listen to this interview: http://smallcapvoice.com/blog/3-5-10-audio-interview-with-cmg-holdings-otcbb-cmgo/
They just closed the acquisition:
THIS STOCK PURCHASE AGREEMENT (this "Agreement") is entered
into as of March 31, 2010 by and among CMG HOLDINGS, INC., a
Nevada corporation with principal executive offices at 5601
Biscayne Boulevard, Miami, Florida 33137 (the "Buyer"), and
Why is this important….internet accessibility….Watch this:
Web-site accessibility for the disabled has been a rich source of litigation for the last four years, and the bete noire for major on-line retailers. Yesterday's announcement by Massachusetts' Attorney- General that it had reached an agreement with Apple to make all iTunes stores accessible to the blind is the latest development in what appears to bean inevitable slide to making access to web sites mandatory.
Even though the blind can purchase software and keyboards that will convert website content into braille or speech, the technologies won't work unless web sites have been properly coded. Relying on federal civil rights and diabilities legislation, the National Federation of the Blind has been moving to make such coding mandatory. This August, the federation scored its first major victory when Target settled a class action lawsuit, agreeing to pay $6 million in damages to the Federation for failing to make its web store accessible to the blind. By contrast, Apple got off relatively lightly, agreeing to make a $250,000 donation to a Massachhusetts charity as well as agreeing to a timetable to implement accessibility over the next 9 months.
Canada does not have any similar examples, although similar legislation protecting the rights of the disabled exists. But stay tuned.
Starting to see it………..
Check out the closed Captioning stuff to:
Yes they own and acquired XA, inc. ----A big powerful revenue driver:
Awards & Recognition:
• Named one of the "Top 30 Powerhouse Event Companies in the World" by Special Events Magazine.
• Named one of the "Top Event Marketing Agencies" by Event Marketer Magazine.
• Best Event Marketing Campaign Gala Award (Real Simple Holiday Solutions) by Special Events Magazine.
• Best Corporate Event Concept Event Style Award (HBO's 6thSeason Celebration) by BIZBASH.
XA new business pipeline for 2010 is robust and growing rapidly, highlighted by the following three new Agency of Record (AOR) contracts:
1. Bravo's "Top Chef Tour"(April-June 2010)
A 20+ city National tour throughout U.S. Marketing Services include: Mobile marketing and logistics, consumer activation and overall management of the Tour. In 2008, "Top Chef: The Tour" traveled 10,200 miles, stopped in 20 key cities and hosted three consumer demonstrations at 26 events, resulting in thousands of "Top Chef" fans served with an estimated 1,000 consumer impressions per day. The success of the tour was evident as fans camped out in multiple markets just to get on the waiting list.
2. Microsoft Worldwide Partner Conference (July 2010)
One of the biggest Microsoft events each year (8,000-12,000 attendees, over 500 events & 300 training sessions. Services include: Consumer activation, interactive/full internet based mobile marketing, event management, etc. Worldwide Partner Conference 2009 Quick Facts: Established: 2003; Partners in Attendance: 5,500; Microsoft Employees in Attendance: 2,207; Training Sessions: 317 (228 Breakout Sessions, 89 Hands-On Labs); Countries Represented: 115; Number of Partners in Microsoft Partner Program: 360,000; Number of Partners Affiliated with Microsoft: over 640,000; Number of Partner Companies in the World:
3. USA Network's Character Projects (2010)
XA services include: Overall production of each Character Project.
Including the above referenced projects, XA currently has committed projects totaling approximately $4 million for FY 2010. XA is also in the bidding/proposal phase for new business in 2010 with the following companies: General Mills, Harrah's Entertainment, Guinness Believer Tour, Gold Eagle, and Conde Nast Reader Choice Awards.
As a wholly owned subsidiary of CMG Holdings, Inc., XA is projecting gross revenues of $13.7M USD and $16.1M USD and operating incomes of $2.3M USD and $2.8M USD respectively in years 2010 and 2011 (The above projections reflect the securing of capital financing).
Here is the independent patent evaluation:
Remember….the owner of the patent…Nathaniel Bradley…is the CEO of AudioEye…and has patents extended from Modavox…which recently changed names to
CMGO.OB owns these patents and has perpetual licensing….here is the evaluation…
Long read…look to the bold at the bottom>>and then realize CMGO.OB is only .03cents….It is a huge joke to be this undiscovered and this undervalued….
Modavox patent valuation:
VALUATION SERVICES FOR:
FAIR MARKET VALUE ANALYSIS OF MODAVOX, INC. (AND ASSOCIATED PATENTS)
As of October 1, 2009
1250 Connecticut Avenue, NW, Suite 650
Washington, DC 20036
T : (202) 420-7680
F : (202) 429-5673
1900 West University, Suite 230
Tempe, AZ 85281
Re: Modavox, Inc. - Project X Settlement Purposes Only
Dear Ms. Meyers:
Pursuant to your request, The Kenrich Group LLC ("Kenrich Group") has performed valuation services for Modavox, Inc. (the "Company" or "Modavox") for settlement purposes
in order to assist management in its evaluation of the fair market value of Modavox and Modavox's patented technology. Our analysis was performed as of October 1,
OBJECTIVE AND PURPOSE
We understand that Modavox is currently in the process of and, more specifically, in discussions with X regarding a settlement of their litigation.
We were asked to provide a current opinion of the fair market business enterprise value of Modavox on a consolidated basis In the course of our analysis, we have focused on the value related to the patented technology.
Our analysis incorporated a review of financial and other data provided to us, as well as discussions with the Company's senior management. Our analysis does not constitute an audit; we relied upon the information provided to us as accurate and representative of the operational history of the Company. The valuation process included consideration of factors affecting the operations of Modavox and its patented technology as well as the ability to generate future investment returns through operations and litigation. The factors considered in our analysis, when relevant and available, included:
The nature and history of the patent technology and the business;
•Financial and economic conditions affecting the patented technology, its industry and the general economy;
•Past results, current operations and future prospects of the business enterprise;
•Sales of similar businesses or capital stock of publicly and privately held similar businesses; and
•Prices, terms and conditions affecting past sales of similar business enterprises.
STANDARD OF VALUE
Fair market value ("FMV") is defined as the price at which property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts.
Typically, there are three basic, generally accepted approaches for valuing a business or asset:
These approaches utilize the line of reasoning a prudent investor would follow in estimating the value of a business or assets. In a valuation study, all three approaches to value should be considered, as one or more may be appropriate. The appropriateness for the various valuation methods in any valuation varies with the particular company and industry. Due to the uniqueness of the current situation (Modavox's litigation pursuits as well as the fundamental aspects of their owned, patented technology), we expanded upon the income approach, including an analysis of several scenarios to determine the value of Modavox. To determine the appropriate value to a buyer in the current marketplace, we were required to determine the inherent value of the litigations currently being pursued as well as those that will inevitably occur. As discussed below, the value associated with the alleged exceed that which would be derived from an analysis of the Company's current operations. We have estimated a settlement value for both the value of the company as a pure acquisition as well as the value derived by licensing the patented technology. Additionally, we have also estimated the value of this technology to X internally in terms of increase profit, as well as to the online industry.
There are many factors that affect the ability of an appraiser to estimate the value of an entity such as Modavox. Some of the challenges we faced in our analysis are as follows:
•The relative infancy of the current behaviorally targeted advertising market. This aspect has reduced the amount of information available to determine both current and projected market rates associated with use of the technology.
•The lack of detailed information regarding the amount of profitability a potential purchaser will be able to derive from the use of the patented technology.
•The lack of certainty that is always associated with the litigation process.
These factors make it difficult to determine a point estimate of value. Therefore, we concentrated our analysis on developing ranges of value based on key assumptions related to growth, profitability, risk, development of the market and value of litigation (to both X and throughout the industry.) When possible and appropriate, we benchmarked key assumptions with industry data currently available as well as information received from Modavox's senior management.
The following analyses of value represent various value estimates indicative of the value of Modavox:
Preliminary FMV Low High
X Litigation/Licensing Value (Online) $ 146.27 $ 146.27
Industry Litigation Value for the Online Behavioral Targeting (Not Including X) $ 693.49 $ 1,456.69
Value to X Internally (Increased Profit) of Patent Portfolio to X (Online only) $ 569.99 $ 569.99
Value of Patent Portfolio to X Internally and the Industry Litigation Value (Online) Industry $ 1,263.48 $ 2,026.68
Litigation Value: Mobile Behavioral Targeting $ 141.96 $ 524.25
Value to X Internally (Increased Profit) of Patent Portfolio to X (Mobile only) $ 112.60 $ 188.35
Based upon the analysis presented in this report, information we have reviewed, and the fact and circumstances surrounding Modavox's patent portfolio, the of Modavox is between approximately $525 and $575 million.
This report is subject to the attached Statement of General Assumptions and Limiting Conditions. We appreciate the opportunity to be of service to Modavox. Please contact us if you have any questions concerning our analysis.
Very truly yours,
/s/ Krista F. Holt
The Kenrich Group
Krista F. Holt, Vice President
Bradley Patent Facts:
I think that should be enough for now….Grossly Undervalued!!!!!!!!!!
CMGO.OB is the buy here….
GLTA….this is my sleeper long term hold pick over 36months period.