CMG Holdings Group, Inc. discusses upcoming flagship product release and 2022 revenue potential with The Stock Day podcast
Phoenix, Ariz.–(Newsfile Corp. – February 7, 2022) – The Stock Day Podcast hosted CMG Holdings Group, Inc. (OTC Pink: CMGO) (“the Company”), a Chicago-based holding company whose primary subsidiary is operating is XA – The Experiential Agency, Inc. (http://www.experientialagency.com) – which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment industries. Joining Stock Day host Everett Jolly was company CEO Glenn Laken.
Jolly started the interview by asking about the company’s background and current projects. “We are a holding company that trades on the OTC,” Laken said. “I have been associated with the company for ten years and have been its president and CEO since 2014,” he added. “We currently have one stake, XA – The Experiential Agency, Inc.,” Laken explained, adding that the company previously had stakes that have been spun off. “We have a major new investment that we have just made over the past 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 through magnetic vacuum upgrading technology,” Laken said. The profit on this process is outsized. We are about to get into trading and we are extremely optimistic,” 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 clients, providing a live experience for advertisers,” Laken explained. “We recently landed a very important job for a Western European country,” he continued. The events that are planned will generate interest in traveling across the Atlantic. The budget devoted to this work is quite large.
The conversation then turned to the challenges of COVID-19, particularly with respect to travel. “This project has been pushed back for about 30 days to accommodate new regulations,” Laken said, adding that the company hopes that when the project kicks off, restrictions and regulations won’t affect travel. so significantly.
Jolly then asked about a recent announcement detailing the company’s stock purchase. “I recently announced that I purchased 1.5 million shares of the company over a period of a few months,” Laken said. “I think the stock is extremely undervalued,” he added. “My own belief is that when we launch our oil business, those prices will be a distant memory.”
“Do you have any revenue projections for 2022?” Jolly asked. “On the experiential side, we expect to make between two and four million dollars,” Laken said. “We expect the oil business to be commercially operational around the beginning of April.”
Closing 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 petroleum product.
To listen to the full interview with Glenn Laken, follow the podcast link here: https://audioboom.com/posts/8026908-cmg-holdings-group-inc-discusses-upcoming-commercialization-of-flagship -product-and-2022 -revenue
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ABOUT CMG HOLDINGS GROUP, INC.
CMG Holdings Group, Inc. is a Chicago-based holding company whose principal operating subsidiary is XA – The Experiential Agency, Inc. (http://www.experientialagency.com) – which engages in 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, as well as data analysis and management. The company also offers branding and design services, including graphic, industrial and packaging designs in traditional and new media, public relations, social media, development and media relations, and interactive marketing platforms to provide its customers with customary private digital media networks to design and develop individual broadcast digital media channels to sell, promote and enhance their digital media video content through mobile, online and social. XA serves clients in the marketing communications industry.
The statements in this press release regarding our future expectations, including, but not limited to, the likelihood that CMG Holdings Group, Inc. will succeed and be profitable, will deliver significant value to its shareholders and will benefit from the capital markets. to execute its growth strategy, 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 such term is defined in the Private Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from the expected results. The Company undertakes no obligation to update or publish revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unforeseen events, except as required by law. CMG’s business strategy described in this press release is subject to innumerable risks, the most important of which is whether the Company succeeds in securing adequate financing and significantly reducing its convertible debt. Nothing contained in this press release should be construed in any way as an indication of future earnings, financial condition or share price of the Company.
About the “Stock Day” Podcast
Founded in 2013, Stock Day is the fastest growing medium for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of the market’s undervalued and undersold Micro-Cap stocks. Stock Day offers companies personalized solutions for the dissemination of their information in the national and international media. The Stock Day podcast is the number one radio show of its kind in America.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112986