SOURCE: CMG Holdings, Inc.

January 26, 2011 08:30 ET

CMG Holdings, Inc. Announces That Creative Management Group Agency Has Signed on as Agency of Record for Legends of Fashion

MIAMI, FL--(Marketwire - January 26, 2011) - CMG Holdings, Inc. (CMG) (OTCBB: CMGO) is a full service global marketing, sports, entertainment and management communications company. The Company that operates in the sectors of talent management, event management, commercial rights and digital technology announced today that Creative Management Group Agency (CMG) has been named the exclusive agency of record of the Legends of Fashion, (www.legendsoffashion.com), for Talent Management, Event Management, Commercial Rights and Broadcasts across all media. 

The announcement was made today by CMG Holdings, Inc. Chairman and CEO, Alan Morell at the National Association of Television Program Executives Conference (NATPE) held in Miami Beach, Florida. Mr. Morell will be co-Executive Producer and lead commercial agent.

Legends of Fashion is a series of SPONSOR-BRANDED FASHION SHOWS staged for an invited audience at high-end hotel convention centers in four major U.S. cities (Chicago, Las Vegas, Los Angeles and New York City). The producers will secure the services of a top international designer, international model(s) and regional talent for each city event. Events include: MEET THE TITLE SPONSOR and sponsor's guests VIP pre-get together in the sponsor's hotel suite for 30 minute FASHION SHOW (play video http://images.legendsoffashion.com/lof.mov) CHARITY AUCTION MEET THE STARS after-party.

"Legends of Fashion (LOF) will enhance its sponsor's profile among affluent, style-conscious consumers Tier 1 luxury to become the most desired premium brand in America," said Mr. Morell, CEO of CMG Holdings, Inc. "LOF is an ideal fit for our synergy across the Company's sectors of Talent Management; Event Management, Commercial Rights." Mr. Morell continues by saying, "For added value the Company will utilize our wholly owned subsidiary, AudioEye technology, for a dedicated internet branding channel for merchandising and licensing."

For More Information: www.legendsoffashion.com www.cmgholdingsinc.com
www.creativemanagementgroup.com

About CMG Holdings, Inc.
CMG Holdings 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. (OTCBB: 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.

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