CMG Announces New XA Tourism and Pharmaceutical Activations

Rhea-AI Summary

CMG Holdings Group, Inc. (CMGO) announced that its subsidiary, XA, The Experiential Agency, has secured a purchase order for an international tourism campaign set to take place in New York City from February to mid-March 2022. This campaign, budgeted between $1.75 million and $3 million, marks XA's first engagement with a foreign government. Additionally, XA will execute a unique public installation in Manhattan for a pharmaceutical client, estimated in the mid six figures. The projects reflect XA's dedication and could lead to further opportunities in both tourism and pharmaceutical sectors.

Positive

• Secured a purchase order for an international tourism campaign worth between $1.75 million and $3 million.
• First engagement with a foreign government, indicating potential for future contracts.
• New public installation for a pharmaceutical client, expanding market reach.

Negative

• None.

CHICAGO, Dec. 7, 2021 /PRNewswire/ -- CMG Holdings Group, Inc. (CMGO/OTC) today announced that XA, The Experiential Agency, a wholly owned subsidiary of CMG Holdings Inc., has received a PO for the first of five installations and events taking place between February and mid-March 2022. This five-part job, which is an international campaign to promote tourism for a large European country, is being managed by one of the largest ad agencies in the world. The promotion will take place primarily in the vicinity of NYC, and XA will be the Experiential agency in charge of all of the events. It is difficult to describe the excitement at XA, as this is the first job that XA has done for a foreign government. We believe this series of events will open a new avenue of potential work for other European countries and with the worldwide agency which is managing this business. The budget on this campaign is estimated to be between $1,750,000 and $3,000,000 million dollars. There should be some great copy on these events, which you will be able to find on XA's and CMG's website as they are produced.

In addition, in mid-December XA will activate a first-of-its-kind public facing installation over the course of two days in a lower Manhattan pedestrian plaza on behalf of a large pharmaceutical client. We are confident that this extremely press worthy activation will drive further business in the pharmaceutical space, where XA has previously not worked. The installation will price in the mid six figures. 

These substantial new projects are testimony to the hard work and dedication of XA's staff through some of the most difficult times in the experiential business. XA looks forward to adding these new corporate partners to its roster of existing clients; and is dedicated to developing additional new corporate relationships in the new year. 

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will meet minimum sales expectations, be successful and profitable, bring significant value to its stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. CMG's business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing and materially decreases its convertible debt. No information in this press release should be construed in any form, shape or manner as an indication of the Company's future revenues, financial condition or stock price.

Contact:

Glenn Laken CEO CMG Holdings Group, Inc.
(773) 770-3440
glennbrlaken@gmail.com

View original content:https://www.prnewswire.com/news-releases/cmg-announces-new-xa-tourism-and-pharmaceutical-activations-301439137.html

SOURCE CMG Holdings Group, Inc.

FAQ

What is CMG Holdings Group's recent announcement?

CMG Holdings Group announced that its subsidiary, XA, has received a purchase order for an international tourism campaign and a public installation for a pharmaceutical client.

What is the budget for the tourism campaign by CMG Holdings Group?

The budget for the tourism campaign is estimated between $1.75 million and $3 million.

When will the tourism campaign events take place?

The tourism campaign events are scheduled from February to mid-March 2022.

What are the details of the public installation project by XA?

XA will activate a public installation in lower Manhattan for a pharmaceutical client, estimated to be in the mid six figures.

What potential does CMG Holdings Group see in these new projects?

CMG Holdings Group believes these projects could open new avenues for work with European countries and corporate partners.