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CMG Holdings Group, Inc. Expands Their Digital Media and Digital Coupon Platform Into New York With the Launch of UsaveNY
MIAMI, FL, Mar 16, 2012 (MARKETWIRE via COMTEX) --
CMG Holdings Group, Inc. (CMGO) (OTCQB: CMGO) (PINKSHEETS: CMGO)
www.cmgholdingsinc.com, a full service marketing communications
holding company operating across the sectors of digital media,
alternative advertising, social media, event marketing and commercial
rights, today announced the expansion of their digital media and
digital coupon initiatives with the launch of "UsaveNY."
UsaveNY will provide digital savings solutions connecting its clients
and customers with small businesses through digital coupons and
interactive digital media videos. Operating as a wholly owned
subsidiary of CMG Holdings Group, Inc., UsaveNY will initially be
based in Westchester, NY and will operate statewide across New York
offering small business digital coupon solution to increase their
customer interaction and coupon purchases. UsaveNY will provide small
businesses with digital media videos to build and strengthen
relationships with their clients. Customers, after watching the
interactive video commercials within UsaveNY digital network site,
will receive digital, mobile or printable coupon offers for immediate
savings and incentives from the New York small businesses.
"In connection with our Connecticut and New Jersey digital media
platform, UsaveNY expands our offering of digital media commercials
to deliver experiential engagements between small businesses and
their clients. Consumer purchasing is transitioning to social,
digital and mobile coupons from traditional print coupons and UsaveNY
will be a critically important platform for New York small businesses
to target and engage with their audience via social media, mobile and
our interactive platform," said Jim Ennis, Chief Operating Officer of
CMG Holdings Group, Inc. "Our digital coupon platform will assist
small businesses across New York to effectively sell their products
and services directly to their consumers using our mobile and social
media. In combination with UsaveCT and UsaveNJ, UsaveNY will provide
our clients the platform to buy from small businesses across New
York, Connecticut and New Jersey using social media expertise via our
public relations specialists, XA Social, www.xasocial.com, and cross
promotion services through our interactive marketing firm, The
Experiential Agency, Inc. (XA), www.experientialagency.com and mobile
marketing strategy and sms-text messaging platforms via our mobile
marketing specialists, Audioeye, Inc. www.audioeye.com. Our
consolidated offering will save money for our clients by connecting
them to digital media commercials of small businesses across New
York, New Jersey and Connecticut through our unique interactive video
content that will deliver additional levels of strategies and
analytical data to improve ROI for small businesses regarding their
clients."
"Over the past year, we have been in discussions with the New Jersey
Business Action Center (BAC)
www.state.nj.us/njbusiness/bac/index.shtml and Connecticut's
Department of Economic and Community Development www.decd.org to be a
contributing factor as part of their statewide initiative to create
jobs and economic growth for small businesses in Connecticut and New
Jersey," said Jim Ennis. "We believe UsaveNY will expand our platform
as well as contribute to The Westchester County Office of Economic
Development http://business.westchestergov.com/economic-development
goal to help Westchester's small business prosper, improve job
creation and provide significant savings for residents across New
York, New Jersey and Connecticut. One of the reasons we are excited
to launch in Westchester, NY is their close proximity to both
Connecticut and New Jersey which will allow us to hire sales and
digital media professionals potentially capitalizing on the digital
media tax credit platforms from Connecticut's Office of Film,
Television and Digital Media
http://www.ct.gov/ecd/cwp/view.asp?a=3880&q=454824 and The New York
State Office for Motion Picture and Television Development
http://www.nylovesfilm.org/index.asp. As an update, the continued
expansion of our Usave digital media and digital coupon platform will
be across additional states as partnerships with their state economic
development departments in the areas of film and digital media tax
credits.. We will work to increase economic growth of small
businesses via our social media specialists, XA Social, our
interactive marketing firm, The Experiential Agency, Inc. (XA) and
Audioeye, Inc., our strategic mobile and sms-text messaging and
marketing specialists. Also, as an update regarding the registration
statement filings of Audioeye, Inc., the original registration
statement filing with the Securities Exchange Commission was filed on
October 21, 2011 and the most recent amendment to the registration
statement was filed February 13, 2012. For further information,
please refer to www.sec.gov."
Companies who are interested in learning more about UsaveNY, our
innovative digital coupon platform or CMG Holdings Group, Inc. should
visit www.cmgholdingsinc.com or contact Jim Ennis at
Jennis@CreativeManagementGroup.com.
About CMG Holdings Group, Inc. (CMGO):
CMG Holdings Group, Inc. is a
full service marketing and communications holding company. CMGO's
mission is to build a national platform of exceptional companies that
deliver solutions in the areas of alternative advertising, social
media marketing services, event management and commercial rights.
CMGO is seeking to expand its national presence via its acquired
companies, capitalizing on their intellectual properties, patents,
sales and marketing, new product development and continued operations
via economic recovery. CMGO owns and operates wholly-owned
subsidiaries, XA, The Experiential Agency, Inc. and Audio Eye, Inc.
For more information, please visit: www.cmgholdingsinc.com
About XA, The Experiential Agency, Inc. (XA):
XA, The Experiential
Agency, Inc. is a wholly-owned subsidiary of CMG Holdings Group Inc.
and has offices in Chicago and New York from which it provides
corporations and highly visible brands with comprehensive event
marketing, design, public relations and production services. The XA
brand has a 20 year history and its team has been the creative force
behind prestigious, national projects for such clients as NBC
Universal, Unicef, Harrah's Entertainment, Conde Nast, McDonalds, W
Hotels, Emirates Airline and Ritz Carlton.
For more information, please visit: www.experientialagency.com
About XA Social:
XA Social is part of the XA consolidated platform
and excels in social media strategy; from a social media 101 seminar,
to advising and monitoring, overall management and ROI. XA Social
believes social media is not a fad, but rather an extension of good
public relations that is here to stay. XA Social creates lasting
connections between consumers and brands in order to engage in two
way communication. XA Social helps clients build their brands through
innovative and authentic social media tactics and aids in creating
environments of conversation and engaging relevant consumers with
brands through personal interactions.
For more information, please visit: www.xasocial.com
About AudioEye, Inc. (AudioEye):
AudioEye, Inc., founded in 2003, is
a wholly-owned subsidiary of CMG Holdings Group Inc. with offices in
Tucson and Chicago. AudioEye has developed patented, Internet content
publication and distribution software enabling conversion of any
media into accessible formats and allowing for real time distribution
to end users on any Internet connected device. Audio Eye is focused
on creating better and more comprehensive access to Internet, print,
broadcast and other media to all people regardless of their network
connection, device, location, or any disabilities or disadvantages an
individual may have. Audio Eye solutions include comprehensive
E-Learning and E-Commerce systems as well as a variety of Internet
publishing products and services that enable customers to create and
deliver accessible, highly scalable web-based applications.
For more information please visit: www.audioeye.com
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. In particular, when used in
the preceding discussion, the words 'believes,' 'expects,' 'intends,'
'will,' 'anticipated,' or 'may,' and similar conditional expressions
are intended to identify forward-looking statements within the
meaning of the Act and are subject to the safe harbor created by the
Act. Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are
forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by management
are not necessarily the most likely and may not materialize. In
addition, other important factors that could cause actual results to
differ materially include the following: business conditions and the
amount of growth in the company's industry and general economy;
competitive factors; ability to attract and retain personnel; the
price of the Company's stock; and the risk factors set forth from
time to time in the Company's SEC reports, including but not limited
to its annual report on Form 10-K; its quarterly reports on Forms
10-Q; and any reports on Form 8-K. CMG Holdings Group, Inc. (OTCQB:
CMGO.PK) takes no obligation to update or correct forward-looking
statements and also takes no obligation to update or correct
information prepared by third parties that is not paid for by the
Company.
Contact:
Jim Ennis
CMG Holdings Group, Inc.
5601 Biscayne Boulevard
Miami, FL 33137
305-751-0588
Jennis@CreativeManagementGroup.com
SOURCE: CMG Holdings Group, Inc.
mailto:Jennis@CreativeManagementGroup.com
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