Replies to post #98757 on CMG Holdings Group Inc (CMGO)

[SashWealth]

$CGMO

2019 Projected revenue (from XA alone) = $2,250,000
Settlement Amount receivables/Year(2 years Approx.) = $1,000,000

Cash flow expected in 2019 = $3,250,000

The fact that the subsidiary generated gross revenues of about $1.3 million last year, up from $750,000 reported in 2017 is a plus that CMG Holdings intends to build on as part of the ongoing restructuring. Net income from the unit skyrocketed to $170,000 in 2018, more than triple an income of $50,000 reported a year ago.

“This year, XA is projecting $2,250,000 in gross revenues with a net profit of approximately $250,000 – $275,000. We will continue to build XA back into an experiential powerhouse diligently. A new XA website will be up and running in the next few weeks."

In addition to the XA subsidiary milestone, The Chief executive Officer has confirmed the cleaning up of the company’s balance sheet. He has consequently settled lingering debts as part of the latest drive of building a successful holding company with profitable investments

Debt Free

CHICAGO, IL March 12, 2019 -- InvestorsHub NewsWire -- PRLog -- CMG Holdings Group, Inc. (CMGO/OTC), through the office of the CEO, announced today that the Company is completely free of convertible debt.

$CMGO