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CMG Holdings Group Six Month Revenues Up 234 Percent

CHICAGO, IL, August 15, 2022 -- (GLOBE NEWSWIRE) -- via NewMediaWire -- CMG Holdings Group, Inc. (OTC: CMGO) today announced that it has filed its Form 10Q with the U.S. Securities & Exchange Commission for the period ending June 30, 2022.  Revenues totaled $975,555 in 2022, up $683,271, or 234 percent, compared to revenues of $292,284 for the same period in 2021.

In the first six months of 2022, XA, The Experiential Agency (https://www.expagency.com), a wholly owned subsidiary, assisted a major pharmaceutical company with a major event in New York City featuring its new weight management approach that challenges the idea that people cannot eat foods they like and also lose weight, and also two New York City events to increase tourism on behalf of the United Kingdom.

XA also assisted Daily Harvest (https://www.daily-harvest.com/) in celebrating the launch of their newest product in a special event in Venice Beach, California. The “chop shop” sent visitors to an “old school” butcher, who traded meat for fruit and vegetables. Guests were greeted by a plant-powered deli counter where they ordered veggie versions of Italian classics including meatball subs, pesto paninis and salads—all complimentary and made with Crumbles.  XA designed, fabricated, produced and managed the entire venue transformation.  Daily Harvest is noted for Chef-crafted food built on sustainably sourced fruits and veggies.

Glenn B. Laken, CMG Holdings CEO, said the new Magnetic Vacuum Upgrading (MVU) technology, in which the Company has invested, which increases the value and quality of low-grade petroleum by removing impurities, “is the most important project in the Company’s history and it is more important to get it right than to hurry and make mistakes. The Company will update shareholders going forward.”

Also, recently, a lawsuit filed by Earle Refining, LLC against NVT’s petroleum project alleges patent violations.  CMG Holdings has received questions about this, although CMGO is not named in the lawsuit.  Attorneys for NVT, in a filing, asked for dismissal of the lawsuit, saying Earle Refining has engaged in “outright thuggery and blatant violations of the law.” Brief In Support of Motion to Dismiss.

About CMG Holdings Group Inc.

CMG Holdings Group, Inc. (https://www.cmgholdingsinc.com/) 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, including 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.

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

949.697.1323

pknopick@eandecommunications.com

CMG Holdings Group to Report Revenues Topping $1.6 Million in 2021,
Up 1100 Percent Compared to 2020

CHICAGO, IL, March 30, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- CMG Holdings Group, Inc.(OTC: CMGO) today announced that its Form 10K to be filed on Thursday with the U.S. Securities & Exchange Commission will show revenues of $1,618,874 for the fiscal year ended December 31, 2021, a 1100 percent increase compared to revenues of $140,758 in 2020.

Net income in 2021 totaled $782,212, up 1820 percent compared to net income of $42,974 in 2020. Working capital at the end of 2021 totaled $702,906 compared to $83,020 at December 31, 2020, up 850 percent. Cash flow was also up dramatically in 2021.

“The exponential growth in 2021 is due to a significant increase in business for our wholly owned subsidiary, XA, The Experiential Agency (http://www.experientialagency.com). Clients for XA in 2021 included J. Crew, Madewell and Timberland,” said Glenn B. Laken, CMG Holdings CEO.

In 2022, XA has already assisted a major pharmaceutical company, Genesis, the maker of Plenity®, a new weight management approach that challenges the idea that people cannot eat foods they like and also lose weight with a major event in New York City, and two New York City events to increase tourism on behalf of the United Kingdom.

“XA is an integrated experiential marketing services Company, developing, managing, and executing sales promotion programs at both national and local levels, utilizing both online and offline marketing programs. These programs assist our clients effectively and promote their platforms and services directly to retailers and consumers and are intended to assist our clients to achieve maximum impact and return on their marketing investment. XA activities reinforce brand awareness and provide incentives to retailers to motivate consumers to purchase their products,” Mr. Laken said.

About CMG Holdings Group, Inc.

CMG Holdings Group, Inc. (https://www.cmgholdingsinc.com/) 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, including 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.

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

949.697.1323

pknopick@eandecommunications.com

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CHICAGO and NEW YORK CITY, March 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- A New York City resident hears a phone ringing and answers it in one of the iconic British telephone booths that have suddenly popped up recently across Manhattan. Confetti pours down, the New Yorker wins tickets to experience the best of the United Kingdom’s culture, and the “Great Calling,” a major public relations campaign launched by CMG Holdings Group, Inc’s (OTC: CMGO) wholly owned subsidiary, XA, The Experiential Agency, is successfully underway. (http://www.experientialagency.com)

“Great Calling is part of an international campaign to promote tourism for the United Kingdom,” said Alexis Laken, President of XA, The Experiential Agency.

Also, as part of the campaign, XA created the world’s first AI Banquet. Working together with the London Design Studio Bompas and Parr, Dr. Shama Rahman and NeuroCreate, the event produced a bot of the desired dinner guest and cast a likely looking actor to play that role.

A discreet tech system allowed the actor to interact naturally with the diners while being fed lines in response to the conversation provided by an AI operative backstage. “An ingenious revolving table allowed guests to interact with each of the assembled British AIs, while eating their way through a feast of dishes from four nations,” the XA President explained.

“We will continue with the campaign as the world situation calms down and the timing is appropriate to introduce the surprisingly and unexpectedly modern United Kingdom to American travelers,” Ms. Laken said.

The new campaign follows a very successful effort to introduce a new diet regime for a major pharmaceutical company Genesis, the maker of Plenity®, a new weight management approach that challenges the idea that people cannot eat foods they like and also lose weight.

“We are very pleased that XA has been approached by a number of new clients and a number of our regular clients. J. Crew, Timberland, Madewell and Moschino are discussing events for this spring and summer,” said Glenn B. Laken, CEO of the holding company CMGO.

In a recent media interview, Mr. Laken said XA’s revenues could approach $4 million in 2022.

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

940.262.3584

pknopick@eandecommunications.com

CMG Holdings Group, Inc. Discusses Upcoming Commercialization of Flagship Product and 2022 Revenue Potential with The Stock Day Podcast

Phoenix, Arizona--(Newsfile Corp. - February 7, 2022) - The Stock Day Podcast welcomed CMG Holdings Group, Inc. (OTC Pink: CMGO) ("the Company"), 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. CEO of the Company, Glenn Laken, joined Stock Day host Everett Jolly.

Jolly began the interview by asking about the Company's background and current projects. "We are a holding company that trades on the OTC," said Laken. "I have been associated with the company for ten years and have served as the Chairman and CEO since 2014," he added. "We have one holding right now, XA - The Experiential Agency, Inc.," explained Laken, adding that the Company has previously had holdings which were spun out. "We have one new major investment that we just made within the last few months."

"Could you explain your flagship product and what it does?", asked Jolly. "It takes cheaper grade oil, including crude oil, heating oil, ship oil, and removes impurities with a magnetic vacuum upgrading technology," said Laken. The profit on this process is out sized. We are just about ready to go commercial with it and we are extremely bullish," he added. "This is a multi-billion-dollar industry, and we expect to be a major disruptor in this industry."

Jolly then asked about the Company's wholly-owned subsidiary, XA - The Experiential Agency, Inc. "We do Experiential Advertising for a variety of customers, providing live experience for advertising customers," explained Laken. "We recently landed a very large job for a Western European country he continued. The events that are planned will generate interest in travel across the pond . The budget on this job is quite large.

The conversation then turned to the challenges of COVID-19, especially in regard to travel. "This project was pushed back about 30 days to fit in with the new regulations that are taking place," said Laken, adding that the Company hopes that by the time the project launches, restrictions and regulations will not affect travel as significantly.

Jolly then asked about a recent announcement detailing the purchase of company shares. "I recently announced that I had purchased 1.5 million shares in the company over a period of a few months," said Laken. "I believe the stock is extremely undervalued," he added. "My own belief is that when we get our oil business going, these prices will be a distant memory."

"Do you have any revenue projections for 2022?", asked Jolly. "From the Experiential side we expect to do somewhere between two and four million dollars," shared Laken. "We are hoping to get the oil business up and running commercially around the beginning of April."

To close the interview, Laken encouraged listeners and shareholders to consider the potential of the Company's current and upcoming projects, especially as they continue to prepare for the commercialization of their impurity removing oil product.

To hear Glenn Laken's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8026908-cmg-holdings-group-inc-discusses-upcoming-commercialization-of-flagship-product-and-2022-revenu

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/.

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

940.262.3584

pknopick@eandecommunications.com

CMG Holding Group's Event and Marketing Subsidiary XA Brings London to New York City
XA in Major Tourism Campaign; CMG Investment in Improving Petroleum Moving Forward

CHICAGO, Jan. 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- CMG Holdings Group, Inc. (OTC:CMGO) today announced that the new Magnetic Vacuum Upgrading (MVU) technology, in which it has invested, which increases the value and quality of low-grade petroleum by removing impurities, is being moved to a permanent site in southern New Jersey.

“The new facility is far larger than a site we were considering in northern New Jersey. We can place a greater number of MVU machines in the southern New Jersey site, and it gives us better access and a greater opportunity to be profitable more quickly,” said Glenn B. Laken, CMG Holding Group’s CEO.

The Company also announced, in this update for shareholders, that XA, The Experiential Agency, a wholly owned subsidiary of CMG Holdings, is expected to begin the first of its five major events and installations promoting tourism for a large European nation in and around New York City in late February. The tourism promotion, with a budget in excess of $2 million dollars, is being managed by one of the largest advertising agencies in the world.

“This MVU technology is vital to our future, a disrupter in the oil market, because it significantly increases the quality of low-grade petroleum by removing impurities, thus increasing the value significantly. Also, as a major environmental benefit, it reduces the sulfur contained in the oil,” said Mr. Laken. “We are anxious to show the Federal government that this technology qualifies for carbon credits, which would significantly add to its profitability.”

“This eco-friendly technology, which was invented and developed by New Vacuum Technologies, LLC (NVT), will, we believe, quickly be seen as a disrupter in the oil treatment market, much less expensive than current methods, which are highly pollutive,” Mr. Laken said. “We are confident in the profitability of this cost-efficient green technology which will be a ‘win-win’ for the industry, for the environment, and for our shareholders.”

XA recently concluded a major event in New York City at which the public ate holiday cakes from a billboard sponsored by Gelesis, maker of Plenity®, an FDA-cleared weight management company which uses the novel approach of helping people feel satisfied with smaller portions of food they love.

“With our regular clients returning for spring and summer events, plus these major new events, we salute XA’s expansion of its business opportunities and are confident about its future and the contributions it is making to CMG Holdings and its shareholders,” Mr. Laken said. “The work for the European nation and for Gelesis further displays the talents and ingenuity of The Experiential Agency.”

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, including 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.

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

940.262.3584

pknopick@eandecommunications.com

CMG Holding Group's Subsidiary Holds Event That Features New Yorkers "Eating" a Billboard
- First of its Kind!

CHICAGO and NEW YORK, Dec. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Visitors can see and do many things in downtown Manhattan, but it is not every day they can “eat” a billboard. CMG Holding Group, Inc., (OTC: CMGO) today said that XA, The Experiential Agency, its wholly owned subsidiary, recently held an event in New York City’s Astor Place in which the public was invited to eat seasonal holiday cakes that fit into a balanced diet from a billboard.

The billboard was created for Gelesis, the maker of Plenity®, an FDA-cleared weight management approach, to challenge the idea that people can’t eat the foods they love while losing weight.  

Plenity is designed to help people feel satisfied with smaller portions, while still enjoying foods they love.  Plenity uses a novel approach, inspired by vegetables, to make adults feel fuller faster with lesser portions.

“The event was a huge success for XA, including attracting major media coverage.  A visit to https://www.facebook.com/Plenity/will allow our shareholders to experience the excellent work done by our subsidiary,” said Glenn B. Laken, CMG Holding Group’s CEO.  “There will be additional major events for XA in the near future and we look forward to sharing them with our investors.”

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, including 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.    

 

Disclosure Statement

Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will 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:

Paul Knopick

E&E Communications

940.262.3584

pknopick@eandecommunications.com

CMG ANNOUNCES NEW XA TOURISM AND PHARMACEUTICAL ACTIVATIONS

Chicago, IL, December 7, 2021 - 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.  

CMG Holding Group CEO Buys Company Stock on the Open Market
- Announces Investor Relations Firm --

CHICAGO, Dec. 20, 2021 CMG Holding Group, Inc., (OTC: CMGO) today said Glenn B. Laken, CEO, today filed a Form 4 with the U.S. Securities and Exchange Commission to announce his purchase of 1,423,000 common shares of CMGO on the open market.  Mr. Laken now owns 14,185,850 common shares of CMGO.

"I made the purchase because I believe in the Company, its achievements and its future. I hope that investors will take note on how much management believes in CMG Holding Group's potential," Mr. Laken said.

"I would also like to announce that we have retained E&E Communications (www.eandecommunications.com) to assist our investor relations program, including finding new investors," CMG Holding Group's CEO said. "E&E has assisted numerous public companies all over the world and we look forward to their ability to tell the CMGO story to potential shareholders." "We are excited to assist this excellent Company.  We note that CMG Holdings in 2020 also carried out a stock repurchase program.  A Company that cares about its shareholders, and has an excellent story to tell, truly helps our efforts," said Paul Knopick of E&E Communications. "We would urge our investors to contact E&E with their questions and to be placed on an e-mail list for further information about CMG Holdings," Mr. Laken said.

Contact:

Paul Knopick

E&E Communications

940.262.3584

pknopick@eandecommunications.com

CMG HOLDINGS GROUP INVESTS IN NEW DISRUPTIVE GREEN TECHNOLOGY THAT HELPS ELIMINATE POLLUTANTS IN CRUDE OIL

Chicago, IL, November 30, 2021 - CMG Holdings Group, Inc. (CMGO/OTC) today announced it has entered into a joint venture with North Jersey Petroleum Partners LLC (NJPP) a provider of groundbreaking eco-friendly “upgrading” technology that increases the value and quality of low-grade petroleum by removing impurities and reducing sulfur at profits of approximately $ 6 to $10 per barrel.

 

NJPP anticipates its new Magnetic Vacuum Upgrading (MVU) technology will quickly be seen as a disrupter in the oil treatment market; rivaling thermal and catalytic cracking methods currently used for upgrading crude/fuel in refineries today, which are highly pollutive and costly to build. This patent pending, cost efficient “green technology” is owned by New Vacuum Technologies, LLC (NVT) and is sub-licensed to NJPP by New Vacuum Technologies USA LLC, a subsidiary of NVT. Terms of the JV include a CMG investment in the form of a one million- dollar loan for 10% of the joint venture in NJPP’s oil treatment facility, located in northern New Jersey. NVT successfully installed and tested its MVU technology at a prototype plant in Southern New Jersey during the fall of 2020. Research is currently underway to determine if MVU technology qualifies for carbon credits, which would add significantly to profitability, as NVT works toward its goal of rolling out its environmentally friendly, cutting-edge technology to upgrade crude oil on a commercial scale in Q1 2022. 

 

“With new regulations limiting pollutants - especially sulfur – we anticipate the emerging proprietary treatment technology market for petroleum products to be very profitable,” said CMG CEO Glenn Laken “enhancing the value of lower
priced, low grade petroleum feedstocks with MVU technology to produce a higher quality product that can be sold at a premium using environmentally sensitive, more cost- effective technology is a win-win for everyone.” He explains, “When upgrading heavy and sour fuel oil to a medium to low sulfur fuel, the spread between the price of the crude before and after treatment determines profit. Assuming potential profits per barrel in the range of $ 6 to $10 per barrel the JV should realize a net profit margin between $900,000 and $1.5 million dollars per month. As a 10% member of the LLC, CMG’s share should equate to between $1,080,000 and $1,800,000 annually.” He adds, “In the short term during the next 12 months the JV plans to install 1 to 3 more processing units, enabling 10,000 to 20,000 bpd in production. If we reach the goal of 4 units CMG can earn approximately $3.6 million to $7.2 million annually. Assuming the JV can achieve its goal of installing 8 units – the maximum number that can be installed at the processing facility currently being used by NVT - processing capacity can reach 40,000 bpd and achieve profit levels of approximately $7,200,000 to $18,000,000 per month

($86,400,000 to $216,000,000 annually). CMG’s share as a 10% member would be from $8,600,000 to $21,600,000 annually.”

NVT’s partners combine over 75 years of technology, business development and management skills with over 50 years of oil industry upgrading experience in North America, South America and Europe. The Company’s principals led a state sponsored research institute specializing in petrochemical technologies for over a decade and a half before creating NVT. Their research into physical vacuum and quantum tunneling on viscosity and other physical properties of fluids, resulted NVT’s technology to upgrade crude oil quality.

CMG Holdings has signed a $500,000 financing agreement with an institutional investor, with use of proceeds targeted to fund the NJPP venture, in addition to our previous loan. Terms include a junior note with 10% interest rate, a one-year maturity, and a modest redemption premium. It is currently contemplated for the loan to be repaid by end of Q1 2023. “We are very excited about this venture and the creation of the JV. I’d like to thank all of our CMGO shareholders for their interest and loyalty and view this as a watershed event for our organization,” GlennLaken said.

 

 

 

For further information, contact CMG for a non-disclosure agreement with NJPP and NVT, which must be signed before additional technical information can be shared. To access the NDA, Please fill out the below request form.

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.

 
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