|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0057 - 0.0061|
|52 Week Range||0.0015 - 0.0294|
|Beta (5Y Monthly)||4.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CHICAGO, Nov. 8, 2019 /PRNewswire/ -- InvestorsHub NewsWire -- CMG Holdings Group, Inc. (CMGO) (CMGO/OTC) released results today of another profitable quarter and provided a shareholder update from the office of the CEO, Glenn Laken. XA's third quarter was defined by smaller jobs for significant new clients with large experiential budgets, including Timberland. Having just successfully produced a second Timberland event at the beginning of the 4th quarter, XA is now being considered for a much larger role in their experiential program at a meeting this week.
CHICAGO, Oct. 10, 2019 /PRNewswire/ -- CMG Holdings Group's XA unit continues to burnish its reputation as the go-to agency for jobs done on short notice, done right. XA put together a dinner presentation for the CEO of Timberland. The Timberland event was proposed to Alexis Laken, President of XA, by a large advertising agency while she was overseeing XA's multi-city J Crew University Tour.
CHICAGO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- CMG Holdings Group, Inc. (CMGO-OTC) -- We would like to take this opportunity to report that our wholly owned subsidiary - XA The Experiential Agency - has signed two new deals. With these two new contracts inked, the pace of bringing on new players to our corporate roster accelerates and with these new corporate alliances, we will be able to capture more business in the clothing and cosmetic sector. With our current book of business and expanding client list, including these two new signings, XA is beginning to regain the recognition that if you want it done right and done on time, we are the company of choice.
Revenues of $1MM+ up 358% YoY, Profitability MaintainedXA Sales Funnel Builds with Multiple Seven-Figure Contract Bids ProgressingApproved 100MM Share Repurchase and Began.
The Board of Directors of CMG Holdings Group, Inc. (OTC: CMGO) announces today the approval of a share buyback program of up to 100 million shares of the Company's common stock over the next two years. The share repurchases will be made at the discretion of the company through the open market purchases and/or privately negotiated transactions. CMG's Chairman and CEO Glenn Laken said, "We are very excited by the prospects for the company going forward and have decided to implement this buyback based on our view that the price of the stock does not accurately reflect the value of the company and its increasingly positive prospects. We believe that this program is a very important step in increasing shareholder value. I'd like to thank our loyal shareholders for their support. Further information on CMG developments can be found at @CMGOnews on Twitter." The repurchases will be made with cash on hand, free cash flow from operations, and potential bank financing. Full details of the stock repurchase program may be found in CMG's report on Form 8K which will be filed within the next few business days.
Profitability Maintained; Balance Sheet Substantially ImprovedXA Sales Funnel Builds with Multiple Seven-Figure Contracts BidLegal Settlement Provides Cashflow to Support Growth.