May 14, 2010 (FinancialWire) — CMG Holdings, Inc. (OTCBB: CMGO) said it has completed its purchase of Audio Eye, Inc., which has become a wholly owned subsidiary of CMG Holdings.

Audio Eye has developed patented, internet content publication and distribution software enabling conversion of various media into accessible formats and allowing for real time distribution to end users.

XA, The Experiential Agency, Inc., another wholly owned subsidiary of CMGO, is now affiliated with Audio Eye, through mutual ownership by CMGO, has already begun to offer clients internet pay-per-view, mobile response, mobile internet, enterprise broadcasting, and range of event based technology products and solutions.

Audio Eye and its’ partners such as Augme Technologies, Limelight Networks, and Rackspace will work with XA to establish large event accounts such as Bravo’s “Top Chef Tour,” Microsoft’s Worldwide Partner Conference, and USA Network Character Projects, according to CMG.

New York-based CMG Holdings aims to build a national platform of companies that deliver solutions in area of alternative advertising, new media marketing services, commercial rights, and talent management.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [cmmsmda] [mrgrsacqstns] [btnwswntb] [chngmdmgn] [hdlnldh]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.