SOURCE: CMG Holdings, Inc.

CMG Holdings, Inc.

February 03, 2011 08:30 ET

CMG Holdings, Inc.'s Wholly Owned Subsidiary AudioEye, Inc., Forms Strategic Partnership With Signature Business Solution, LLC to Establish Health Care Division

Partnership Expands AudioEye's Unique Internet Platform Solutions

MIAMI, FL--(Marketwire - February 3, 2011) -  CMG Holdings, Inc. (OTCBB: CMGO) today announced that its wholly owned subsidiary, AudioEye, Inc., through strategic partnerships, has expanded their reach in the pharmaceutical and health care markets. Joining AudioEye in its "AudioEye Health" initiative are three firms with global experience within the heath care field: Sunvalley Communications, an international medical communications agency, Signature Business Solution, LLC, an international communications services consultancy and Lamb Productions, an international technical and creative media production firm. Collectively, these partners will add extensive and complementary industry experience and clientele.

These relationships strengthen AudioEye's unique Internet platform solutions by integrating a wide scope of communication services, including programming development, strategic counsel, content creation and meeting support management. AudioEye Health partners will cooperatively market and implement programs, working to jointly win businesses and utilizing implementation teams to meet specific customer requirements.

"AudioEye Health's patented technology and solutions provide numerous health care companies and professionals a competitive advantage in the marketplace. Our focus will be around finding strategic partners in highly-scalable market verticals within the fields of health and wellness," said Tom Freydl, CMO of AudioEye.

Richard Hamilton, Managing Partner of Signature Business Solution, LLC, sees the partnership as a logical move, saying, "I've had productive business experiences with all of the concerned parties for some time. This represents a step to formalize the relationships, capitalize on synergistic strengths and provide a proven team that presents comprehensive services to the market. As partners we gain more experience, capabilities and a broadened network. And our customers benefit from a stronger solutions set." Said Alan Morell, Chairman and CEO of CMG Holdings, Inc., "AudioEye Health initiatives reaffirms our company's synergistic strategy to partner with companies in the heath care field through our subsidiaries, complementing our CMG Literary and Broadcast talent management clients and medical educators."

It is important and relevant to note that Alan Morell is Agent of record and manages such clients as: Dr. Bob Arnot, Meredith Corp., "Google Health," Dr. Vijay Vad, PBS, "Stop Pain" Hay House Publishing; Dr. Alan Xenakis, CBS, Dr. John Whyte, Discovery Communications, "Is This Normal" Rodale Press and Kathy McClure, CNN, "Simple Guide Explanation of the Health Care Reform Bill."

To learn more about the joint initiative, visit http://www.audioeye.com/AEhealth.

About Signature Business Solution, LLC:
Signature Business Solution, LLC (Signature), incorporated 2002 in Denver, CO, maintains an office in the Phoenix Metro Area. Signature provides innovative market communications, medical education and sales training systems to the pharmaceutical and health care industries. Signature's Managing Partner held numerous sales and marketing positions in the pharmaceutical industry and has teamed with major medical marketing agencies to provide creative communication solutions.

About Sunvalley Communications:
Sunvalley Communication, headed by Peter Hofland, PhD, is a leading international medical communications firm founded in the Phoenix, AZ Metro Area as an independent organization following the consolidation of the North American operations of The Visual Consultancy Corporation in 2004. A specialist health care communication consultancy, Sunvalley Communications excels in translating clinical data and complex scientific knowledge into motivating public relations, public affairs, medical education and medical publications for both North American and European clients.
http://sunvalleycommunication.com/default.aspx

About Lamb Productions:
Lamb Productions, Concord, CA, a twenty-four year independent firm provides exemplary technical and creative video production, on-site technical and creative project management for conferences and symposia and professionally produced enduring materials. The Lamb Productions team specialized in international services for the pharmaceutical industry. 
http://www.lambproductions.com/

About AudioEye, Inc.:
AudioEye, Inc. has developed patented, Internet content publication and distribution software that enables conversion of any media into accessible formats and allows for real time distribution to end users on any Internet connected device. The company's focus is to create more comprehensive access to Internet, print, broadcast and other media to all people regardless of their network connection, device, location, or any disabilities an individual may have. AudioEye solutions include comprehensive E-Learning and E-Commerce systems as well as varieties of Internet publishing products and services that enable customers to create and deliver accessible and highly scalable web-based applications.

AudioEye's first allowed patent has accelerated its first mover, proprietary market position in the Accessibility space. AudioEye's Accessibility software meets standards and criteria for Section 508 of the Americans for Disabilities Act ($2.8 billion market). Audio Eye's technology effectively meets the needs of disabled, physically challenged, learning, hearing or visually impaired, low vision, dyslexic, autistic, elderly, even internet novices and mobile users. The patented technology delivers Internet services that converts and catalogs Internet content and automates multi-format publishing so everyone seeking Audio Eye enabled content can access it.

For more information please visit www.audioeye.com.

About CMG Holdings Inc.: 
CMGO's mission is to build a national platform of exceptional companies that deliver solutions in the areas of alternative advertising, new media marketing services, commercial rights, and talent management and is seeking to expand its national presence via its acquired companies, intellectual property of continued patents, sales, marketing and continued operations. For more information, please visit: www.cmgholdingsinc.com.

Forward-Looking Statements
This release includes forward-looking statements within meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in forward-looking statements include those set forth in our Form 10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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