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
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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
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