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Tuesday, 01/28/2003 1:52:41 PM

Tuesday, January 28, 2003 1:52:41 PM

Post# of 219292
Press ReleaseSource: CMI Holdings Group Inc.
CMI Holdings Group Inc. Changes Management And Board
Tuesday January 28, 1:22 pm ET
SACRAMENTO, Calif., Jan. 28 /PRNewswire-FirstCall/ -- Pursuant to a Global Settlement Agreement between CMI Holdings Group Inc. (OTC Pink Sheets: CMIH - News) and certain of its outstanding creditors, CMI Holdings Group has accepted the resignations of Ross Rojek from his positions as Director and Chief Executive Officer, Mike McCulloch from his positions as Secretary, Treasurer and Director, and Bob Matson, Heidi Cotler, and Dave Olbrich from their position as Directors. The Company has appointed Scott Johnson as its sole officer and Director.
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CMI Holdings Group also entered into a Consulting/Licensing and Asset Sale Agreement with a third party company, which will manage the day-to-day operations of CMI Holdings Group, with an option to purchase substantially all of the assets of CMI Holdings Group.
At this time consumers should not notice any change in the company's day- to-day operations as a result of the change in management or the Consulting/Licensing and Asset Sale Agreement. Another Universe will continue to find new and entertaining products for sale, including the complete Twilight Zone DVD numbered box set, available at http://anotheruniverse.com/tzdvd .
CMI Holdings Group
CMI Holdings Group Inc. owns Another Universe, one of the largest online comic, game and specialty retailers and trades on the Pink Sheets under the symbol CMIH.



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