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CMI Holdings Group Prepares for Expansion of Product Lines; Wizard World and Otakon Both Successful Shows

SACRAMENTO, Calif., Aug 22, 2001 /PRNewswire via COMTEX/ -- CMI Holdings Group (OTC Pink Sheets: CMIH) had two successful consumer shows over the last two weeks. The Otakon show in Baltimore, and the Wizard World show in Chicago were both used as sales outlets for inventory from the Fandom inventory, and as a marketing opportunity for the company's web sites.
"Wizard World provided me with some excellent opportunities to meet with manufactures and publishers," said Ross Rojek, CEO of CMI Holdings Group. "I'm looking forward to expanding our product lines and our supply partners as we get ready for a busy Christmas season."

Product areas the company plans to expand into movie and TV related properties including Lord of the Rings, Simpsons, Buffy the Vampire Slayer and others. In addition, the company is finishing the first of several upcoming private label stores for online content web sites. The company will be handling all the sales and merchandising for those sites, and paying a percentage of net sales back to the sites as a licensing fee.

In addition, the company is finalizing discussions to provide regular funding for purchasing Sonic2ners from the factory and provide credit facilities to allow sales to major retailers during the Christmas season.

CMI Holdings Group

CMI Holdings Group is an actively growing company; consolidating online entertainment collectables web sites and companies. The company is also handling the marketing, sales and distribution of Sonic2ners, a revolutionary audio device.

CONTACT: Tim Barham of Marketmarquee.com, [phone], for CMI Holdings Group



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SOURCE CMI Holdings Group


CONTACT: Ross Rojek, CEO of CMI Holdings Group, [phone]
(CMIH)

http://www.prnewswire.com



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