CMG HOLDINGS GROUP, INC. : Other Events (form 8-K)
October 23, 2020 at 10:03 am EDT
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Item 8.01. Other Events
CMG Holdings Group Inc. pursuant to their Board of Directors approved a
repurchase program on June 10, 2019 to buy back up to 100 million common shares
over the next two years. The Company announced today that it is continuing the
repurchase program by purchasing 1,370,000 common shares in the market at an
average price of $.007853 between October 21 and October 22, 2020. The shares
purchased in this announcement and future purchases will be retired to the
treasury which will reduce the corresponding amount from the outstanding total
share pool.
CMG Holdings Group, Inc. is a marketing communications company focused on the operation of organizations in the alternative advertising, digital media, experiential and interactive marketing, and entertainment industries. The Company's segments include XA The Experiential Agency, Inc. (XA) and CMG Holdings Group. It operates in the sectors of experiential marketing, event marketing, commercial rights, and talent management. Its experiential marketing includes production and promotion, event designs, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set designs, data analysis, and management. It also offers branding and design services, including graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations and interactive marketing platforms to provide its clients with a customary private digital media network to develop individual broadcasting digital media channels.
CMG HOLDINGS GROUP, INC. 
