CMG Holdings Group Inc (CMGO)

[User-65225]

since there will be no more news,until November 15th filing report

This is the same BS claim that was made before the last 2 PRs. lol... Why is even being claimed? Even todays PR states that there is potential for 4 news releases near term = An acquisition, a large share decrease(38.5 million, per prevous PR), a "considerably bigger" deal with Timberland and a possible settlement for the current $13.8 million lawsuit: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vXg7UYOClavyC8tPVkV3ew==&system=prod

IMO the series of events that are coming are going to make people really regret selling this cheap... The settlement cash betweet the 2 lawsuits could equate to more than the current market cap, then add the thriving business, larger share decreases, etc. EVERY number is headed in the right direction...

CMG Holdings Group's XA Unit Signs New Strategic Client Timberland
PR Newswire

CHICAGO, Oct. 10, 2019

CHICAGO, Oct. 10, 2019 /PRNewswire/ -- CMG Holdings Group's XA unit continues to burnish its reputation as the go-to agency for jobs done on short notice, done right. XA put together a dinner presentation for the CEO of Timberland. The Timberland event was proposed to Alexis Laken, President of XA, by a large advertising agency while she was overseeing XA's multi-city J Crew University Tour. With only two week's lead time, Alexis took the job on and delivered a flawless event. Timberland's CEO was so impressed with the result, he assured her Timberland would soon be working with XA again on something considerably bigger. This has become the guiding principle at XA; taking on difficult, hard to deliver work, in order to secure bigger jobs down the road. XA has spent the last few quarters seeding for future growth and has been successful capturing a number of new clients, including Timberland, J Crew, Madewell, EA Sports and others.

In further corporate news, CMG will enter into mediation on a malpractice lawsuit against former attorneys from Eaton and Van Winkle. CEO Glenn Laken said, "It always makes sense to sit down and discuss settlement to see if you can narrow the gap." Additionally, XA has had a few discussions with a potential acquisition in the experiential space and is waiting on additional financials.

In our last update, purchasing dormant shares at the transfer agency was discussed. We are working on that project and should have an update towards the end of the month. We will be back with further updates as events dictate.

About CMG Holdings Group, Inc.

CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA – The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business 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. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.