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-Good Gaming Obtains Sponsorship from Celsius Holdings for

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-Good Gaming Obtains Sponsorship from Celsius Holdings for Upcoming Hearthstone Tournament; Provides Shareholder Update

CHICAGO, IL / ACCESSWIRE / August 24, 2016 / Good Gaming, Inc. and CMG Holdings Group, Inc. (OTC PINK: GMER & OTC PINK: CMGO): Good Gaming, Inc. ("GG") is pleased to announce it has obtained a sponsorship from Celsius Holdings, Inc. (www.celsius.com) for its upcoming jackpot Hearthstone tournament slated for August 27-28 (https://twitter.com/GoodGamingInc). Kevin Harrington, a member of Good Gaming's Advisory Board and a Director of Celsius Holdings, made the introduction as part of his commitment to steer the Company towards new relationships for growth. Celsius Holdings provides healthy energy drinks, both carbonated and non-carbonated, that have been scientifically researched and tested. Celsius has received numerous endorsements from celebrities in a variety of fields and is growing its distribution channels and customer base worldwide.

Said Vik Grover, CEO of Good Gaming, "We are thrilled to forge this agreement with Celsius, as we think our targeted demographic of 15-35-year-old gamers are well suited to become customers of their healthy energy beverages and future products. We think it is a win-win for both Companies. We will promote Celsius through our own social media channels and awareness campaigns, such as F2K, which encompass a total of one million gamers worldwide. Additionally, we will offer Celsius products on our e-commerce site to promote awareness of their goods to our own customers. This first sponsorship by Celsius is a step towards what we believe can become a long lasting partnership."

Good Gaming is owner and operator of the world's most scalable, automated tournament platform for eSports. Additionally, the company has deployed a social network for the over 200 million amateur online gamers worldwide, giving them a destination site where they can interact, compete, learn, buy/sell/trade virtual goods and services, and hone their skills as they seek to move to the semi-pro or pro-levels. The tournament platform runs flawlessly, and is now capable of hosting team formats as evidenced by its perfect execution of the KONTROLFREEK-sponsored Overwatch tournament two weekends ago (www.kontrolfreek.com). The Company hired shout casters, who covered the semi-finals and finals of the event and added a level of professionalism typically associated with professional competitions. (https://www.youtube.com/watch?v=PEaK4rc3IGg&feature=youtu.be). With regard to the social network, the site is now out of beta, and the majority of modules are online and open for business. The Company is continuing to host servers for ARK and Minecraft and is now the number three ARK server in North America, which is driving traffic to the GG site.

To drive revenues, GG has deployed video advertising on the social network, initially partnering with Dashbid.com, which is bringing 100 buyers to the site for existing inventory. Looking ahead, GG is in discussions with other ad providers to waterfall from one platform to another, which will maximize utilization of inventory and drive revenues. GG also intends to deploy banner advertising once the video advertising format has been fully vetted and deployed.

Separately, Good Gaming would like to update shareholders regarding its tournament schedule and go-forward plans. Based on the success of the initial Overwatch tournament, Good Gaming plans to launch a much more sizable Overwatch competition in the next few weeks. The Company will partner with KONTROLFREEK on that event, and intends to offer cash prizes and KONTROLFREEK goods such as high-end controllers, thumb sticks, and other gear that can give gamers an edge over their competition. GG will continue to offer tournaments for Hearthstone and intends to launch a Call of Duty tournament this fall, a title that has sold over 175 million copies worldwide. Besides Blizzard, the Company is in discussions with other publishers, some of which offer one to two titles with tens of thousands of gamers, all the way to larger entities with multiple titles and tens of millions of gamers on PC and console platforms (i.e., XBOX, PlayStation). These relationships, which were generated by GG's Advisory Board member Sean Stalzer, have long sales cycles but are expected to bear fruit in the next several weeks. They have the potential to fully prove GG's vision to become a cross-publisher, cross-platform social network with a massively scalable tournament platform.

Sadly, on a somber note, Good Gaming wants to take this opportunity to notify shareholders that one of its founders, Michael Beckford, passed away roughly two weeks ago. The Company would like to send its condolences to the Beckford family. Said Vik Grover, "We intend to take Good Gaming to the next level and deliver on Mike's vision for eSports. I continue to believe we have invented something unique and extraordinary based on Mike's passion for this gaming world. His dream will be fulfilled by our organization in the coming months."

About Good Gaming

Good Gaming, Inc. is a leading tournament gaming platform and online destination targeting the over 200 million eSports players and participants worldwide that want to compete at the high school or college level. Register now to join the Good Gaming community and make sure to sign up to all the awesome events, like the next tournament offering amazing prize pools! https://www.good-gaming.com

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