SOURCE: Momentous Entertainment Group, Inc.

Momentous Entertainment Group, Inc.

February 21, 2017 06:00 ET

Momentous Entertainment Group to Acquire ChimeraCompanyGames.com

ChimeraCompanyGames.com Will Provide Domestic as well as Foreign Revenue Streams Through Poolworks, Ltd

LAS VEGAS, NV--(Marketwired - Feb 21, 2017) - Momentous Entertainment Group, Inc. ("Momentous") (OTCBB: MMEG), a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms, announced today that it has executed a Letter of Intent to acquire Chimera© Games ("Chimera") in an asset only purchase. ChimeraCompanyGames.com is a well-established game platform with a portfolio of seven popular games and a loyal user community with over 1 million users and 550,00 email addresses, which produce an excellent ADPU (Average Dollar Per User) that exceeds the gaming industry average. 

The sale includes two website domains, www.ChimeraCompanyGames.com and www.ChimeraCompany.com, several Facebook social media accounts, all current customer accounts that include 1 million unique users including 550,000 email addresses. The games within the Chimera portfolio include: (i) The Mob: Rise of the Don, (ii) Monster Island, (iii) Renegade, (iv) Zombie Rezurrection, (v) Syndicate, (vi) Mercenary Star, (vii) Heroes: Knights of the Realm.

The Facebook performance statistics for Chimeras' leading games indicate that the Average Dollar per User (ADPU) is considerably higher than the competition. Additionally, the conversion rate from Free Player to Spender is well above many the industry average.

The assets are monetized by offering free to play games on social media and web portals with premium currency sold in game. The primary driver of user traffic comes from Facebook, but additional customers play the games directly on the Chimera games website portal at www.chimeracompanygames.com.

Momentous CEO Kurt Neubauer stated, "Multiple opportunities have been identified with Chimera© Games to continue its business success and revenue growth. These include such things as increased Facebook advertising, introducing new games, suggesting users use the Chimera web portal over FaceBook, which generates more revenue per user and by making the games directly available on native mobile phone and tablet platforms." Mr. Neubauer also stated, "The gaming platform can also be modified to accommodate foreign languages, making a wonderful new set of games available and increased revenue opportunities when added to our newly acquired social media platform, Poolworks, Ltd."

About Chimera© Games

ChimeraCompanyGames has built a reputation among the casual and avid social media gamer. With a portfolio of games that appeal to a wide range of users, CCG has a built and impressive following on Facebook and has great user engagement. Its origins date back to 2008 when it used Facebook's platform exclusively, ChimeraCompanyGames.com was introduced in 2013 to provide additional platform options for the users.

The assets are monetized by offering free to play games on social media and web portals with premium currency sold in game. The primary drivers of traffic come from Facebook i.e., most users play through the Facebook portal.

About Momentous Entertainment Group (MMEG)

Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms. Momentous has a combined management experience of more than 100 years in entertainment, technology and marketing.

Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/15878606).

To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com and Music One Corp www.music1.biz.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Momentous Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.

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