CMG Holdings Inc., (CMGO) Announces XA, The Experiential Agency, Inc. (XA), Produced the Chicago Special Screening of Public Enemies.

NEW YORK -- CMG Holdings, Inc. (OTCBB: CMGO), a full service global marketing, sports, entertainment and management communications company operating in the sectors of talent management, event management and commercial rights, is pleased to announce that its wholly owned subsidiary, XA, The Experiential Agency, Inc. (XA) produced the Chicago Special Screening of Universal Pictures' Public Enemies in Chicago last Thursday, June 18, 2009.

In the action-thriller Public Enemies, acclaimed filmmaker Michael Mann directs Johnny Depp, Christian Bale, and Academy Award[R] winner Marion Cotillard in the incredible and true story of legendary Depression-era bank robber John Dillinger (Depp), the charismatic bank robber whose lightning raids made him the number-one target of J. Edgar Hoover's fledgling FBI and its top agent, Melvin Purvis (Bale), and a folk hero to much of the public. The film opens July 1, 2009.

The stars of the film, Johnny Depp and Christian Bale, as well as director and Chicago native Michael Mann, were on hand for interviews and walked the red carpet outside the AMC in River East in Chicago.

The after party was a mix and mingle for Chicago elite, media and friends to revel in 1930s period decor at the River East Arts Center.

Alan Morell, Chairman and CEO of CMG Holdings, Inc, said, "This was an excellent way for XA to showcase its event production talents in conjunction with Universal Pictures."

Joseph Wagner, CEO of XA, stated, "This event showcased the talents of XA, as well as the beauty of Chicago, where much of Public Enemies was filmed."

About XA

XA, The Experiential Agency, Inc. is a wholly owned subsidiary of CMG Holdings, Inc. (CMGO.OB) and has offices in Chicago, New York and Los Angeles from which it provides corporations and highly visible brands with comprehensive event marketing, design and production services. The XA brand has a 20 year history. Its team has been the creative force behind prestigious, national projects for such clients as NBC Universal, Unicef, Harrah's Entertainment, Conde Nast, McDonalds, W Hotels, Emirates Airline and Ritz Carlton.

About CMG Holdings, Inc.

CMG Holdings, Inc. is a full service global marketing and communications company operating in the sectors of talent management, event management and commercial rights.

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. (OTC BB: 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.