Momentous Entertainment Group (fka MMEG)

[benhor]

Good News Is Out: $MMEG

Momentous Entertainment Group Appoints David Micek Senior Vice President of Corporate Development

David Micek to Head Up Poolworks Germany LTD

LAS VEGAS, NV -- (Marketwired) -- 02/14/17 -- Momentous Entertainment Group, Inc. ("Momentous") (OTCBB: MMEG), a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms, announced that David Micek has been appointed Senior Vice President - Corporate Development of Momentous Entertainment Group. David will manage and head our Poolworks company and will also manage Momentous' streaming content division. Mr. Micek is a recognized leader with a strong track record of company "build & grow" skills and successes who drives rapid growth through innovative approaches to entering new markets and expanding revenues.

Momentous CEO, Kurt Neubauer, stated, "We are very excited that David has joined Momentous and look forward to him building out the new Poolworks acquisition along with leading our streaming media division. David has already identitied streaming service targets and exciting potential content he would like to get started on straight away as he prepares to take on the task of building out our Poolworks venture." Mr. Neubauer also noted, "David's extensive business management skills, product knowledge and technology experience make him the perfect addition to the Momentous management team.

About David Micek

David Micek, a dynamic senior executive with innovative business building experience and proven skills in the IPTV, OTT, cable TV, Internet search and mobile app markets. Mr. Micek has demonstrated repeated success leading both corporate business units and public and private companies from the start-up level on up to over $250MM in revenues. Micek brings more than 25 years of senior-level product development, sales, marketing, operations and general management experience to Momentous Entertainment Group. With a proven track record of developing, launching and growing products into market leaders, he has an established reputation for achieving dominant market share positions for some of the most well-known technology brands. Mr. Micek past accomplishments include serving as president & CEO at AMEX traded cable TV/Internet provider Eagle Broadband, President at Internet search company AltaVista where he led a restructuring and sale of the company's enterprise software business. Before AltaVista, he was president and CEO of wireless networking company Zeus Wireless. Micek was also president and CEO of broadband video applications company iKnowledge. Prior to iKnowledge, he was vice president and general manager at Texas Instruments. Micek holds an MBA from the University of Southern California.

About Momentous Entertainment Group (MMEG)

Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms. Momentous has a combined management experience of more than 100 years in entertainment, technology and marketing.

Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).

To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com and Music One Corp www.music1.biz.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.

Contact:
Tom Nelson
480-326-8577
[e-mail]

Source: Momentous Entertainment Group, Inc.


http://www.otcmarkets.com/stock/MMEG/news





Momentous Entertainment Group Negotiates Creditor Settlement for Poolworks Debt and Closes on German Social Networks studiVZ and meinVZ Acquisition



Momentous Entertainment Group Negotiates Creditor Settlement for Poolworks Debt and Closes on German Social Networks studiVZ and meinVZ Acquisition



Social Media Acquisition Expands Distribution in Germany, Switzerland and Austria





LAS VEGAS, NV--(Marketwired - Feb 8, 2017) - Momentous Entertainment Group, Inc. ("Momentous") (OTCBB: MMEG), a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms, announced today that it has reached an agreement with Poolworks' major creditor and executed a definitive agreement resulting in the completion of the acquisition of Poolworks Germany Ltd ("Poolworks"), one of the largest social media companies in Europe with its social networks studiVZ and meinVZ, for $10 million in preferred stock.

The studiVZ platform was founded in 2005 in Berlin and received investment capital from Lukasz Gadowski, Georg von Holtzbrinck Publishing Group and the Samwer brothers. It was acquired along with meinVZ by Georg von Holtzbrinck Publishing Group in 2007 for 85 million euros and then by financiers Michael Pope and Adam Levin in 2012. Today, studiVZ and meinVZ has nearly 10 million registered users and over 40M ad impressions, largely in the German-speaking countries of Germany, Switzerland and Austria.

Momentous is committed to relaunching the Poolworks web and mobile platforms to increase user engagement and retention. Users will see expanded video features such as a new OTT streaming service and an easy-to-use e-commerce capabilities to attract a wider audience and additional revenue. The executive team at Momentous is committed to maintaining a strong focus on information security for its users, something that competing German social networks continue to neglect.

Momentous' CEO, Kurt Neubauer, stated, "Our management team was very concerned when we came to understand the gravity of the credit issues with Poolworks. But, after a number of discussions and negotiations, Momentous' management has reached a settlement agreement with the Poolworks creditor. We are very pleased that the creditor was willing to come to the table and negotiate a positive solution for the Company and its shareholders." Mr. Neubauer also stated, "This has allowed Momentous the ability to close on the acquisition and begin to advance Poolworks' social media system to enhance its users' experiences by offering new features such as our streaming media services and other industry leading product enhancements."

About Poolworks Germany Ltd.

Poolworks' studiVZ and meinVZ record nearly 10 million registered users between the ages of 16 and 59 and over 40 million ad impressions per month. Established in Germany in 2005, Poolworks has evolved into a recognizable household name by developing new platforms, integrating content, and marketing social games. To learn more, visit Poolworks' websites: www.studivz.net and www.meinvz.net.

About Momentous Entertainment Group (MMEG)

Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms. Momentous has a combined management experience of more than 100 years in entertainment, technology and marketing.

Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).

To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com, Music One Corp www.music1.biz and Poolworks' www.studivz.net and www.meinvz.net.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.







Contact Information



Contacts:

Tim Williams
800-314-8912
[e-mail]