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CMG Holdings, Inc. Signs Letter of Intent to Acquire Audio Eye, Inc.

This acquisition candidate fits CMG's business model, which has the objective of completing several strategic acquisitions, including technology companies like Audio Eye that have leading entrepreneurs with rational business models targeting significant market opportunities with unique, defensible solutions.

"AudioEye fits our CMG acquisitions criteria, building our asset base for revenue growth across all our company platforms", stated Alan Morell, Chairman and CEO of CMG Holdings Inc.

About CMG

CMG Holdings, Inc. is a full service global marketing and communications company operating in the sectors of talent management, event management and commercial rights. Talent Management includes representation of personalities in the entertainment, athletic, literary industries for endorsements, licensing, speaking appearances, and image marketing. Event Management includes marquis hospitality, sponsorships, licensing, production and implementation of events including hospitality services pairing corporate client sponsors and premier events to ensure the highest return on their investment and brand exposure. Commercial Rights includes branding, consulting, licensing, sponsorships, sales through image marketing tools to generate premier brand recognition for our clients.

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-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. CMG Holdings, Inc. (OTC BB: CMGO) 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.

CMG Holdings, Inc.
Jim Ennis, +1-305-751-1667
Chief Operating Officer
investorrelations@creativemanagementgroup.com
www.cmgholdingsinc.com
www.creativemanagementgroup.com