MIAMI, FL--(Marketwire - Feb 9, 2012) - CMG Holdings Group, Inc. (CMGO) (OTCQB: [ CMGO ]) (PINKSHEETS: [ CMGO ]) [ www.cmgholdingsinc.com ], a full service marketing communications holding company operating across the sectors of digital media, social media, alternative advertising, event marketing and commercial rights, today announced the expansion of their digital coupon initiatives with the launch of "UsaveNJ."

UsaveNJ offers consumer saving solutions allowing its clients and customers to connect with New Jersey small businesses through digital coupons and interactive digital media videos. Operating as a wholly owned subsidiary of CMG Holdings Group, Inc., UsaveNJ, based in Waldwick, NJ, will operate statewide across New Jersey offering small businesses digital coupon solutions to increase brand awareness, customer interaction and coupon purchases. UsaveNJ will provide small businesses with a digital media solution to build and strengthen relationships with their clients by clicking on digital coupon tabs and watching an interactive commercial video. Clients, after watching the interactive video commercials within UsaveNJ network site, will receive mobile, digital or printable coupon offers for immediate savings and incentives from the New Jersey small businesses.

"UsaveNJ expands our digital coupon offering using interactive digital media commercials to deliver interactive brand engagements between small businesses and their clients. Consumer purchasing is transitioning from print coupons into social, digital and interactive coupons. UsaveNJ will be a critically important platform for New Jersey small businesses to precisely target and engage with their audience via social media, mobile and online platforms," said Jim Ennis, Chief Operating Officer of CMG Holdings Group, Inc. "Our digital coupon platform will assist New Jersey small businesses by offering their products and services directly to their consumers via mobile and social media. In combination with UsaveCT, our digital coupon platform for the state of Connecticut, UsaveNJ will provide New Jersey small businesses with social media expertise via our social media specialists, XA Social, [ www.xasocial.com ], will offer digital media videos to promote and sell services through our interactive marketing firm, The Experiential Agency, Inc. (XA), [ www.experientialagency.com ] and will offer mobile marketing to help our clients execute their mobile strategy and messaging platforms via our mobile marketing specialists, Audioeye, Inc. [ www.audioeye.com ], Our consolidated offering will save money for our clients by connecting them with New Jersey small businesses through our unique digital coupon and interactive video content and will deliver additional levels of strategies and analytical data to improve ROI for small businesses to connect with their clients. UsaveNJ will be an excellent place to go for New Jersey residents to save money while shopping for their favorite services and brands."

"We have been in discussions with the New Jersey Business Action Center (BAC) in Trenton, New Jersey over the past several months as part of their statewide initiative to create jobs and increase economic growth for New Jersey small businesses," said Jim Ennis. "We believe UsaveNJ will be an excellent platform that will assist in economic growth of the New Jersey small business community, improve job creation and provide significant savings for residents across New Jersey. One of the reasons we are excited to launch in Waldwick and expand across New Jersey is that the Business Action Center has been an essential resource as we sought to expand our digital coupon platform into New Jersey. The BAC business advocates saved our firm valuable time by working as an extension of our team related to site selection services, financial incentives, and complicated technical compliance issues. The Business Action Center's dedication to job creation and their commitment to economic growth of New Jersey small businesses made our choice to expand to Waldwick, NJ an easy decision that will allow us to hire sales and digital media professionals across the state of New Jersey."

Companies who are interested in learning more about UsaveNJ, its innovative digital coupon platform or CMG Holdings Group, Inc. should visit [ www.cmgholdingsinc.com ] or contact Jim Ennis at [ Jennis@CreativeManagementGroup.com ].

About CMG Holdings Group, Inc. (CMGO):

CMG Holdings Group, Inc. is a full service marketing and communications holding company. CMGO's mission is to build a national platform of exceptional companies that deliver solutions in the areas of alternative advertising, social media marketing services, event management and commercial rights. CMGO is seeking to expand its national presence via its acquired companies, capitalizing on their intellectual properties, patents, sales and marketing, new product development and continued operations via economic recovery. CMGO owns and operates wholly-owned subsidiaries, XA, The Experiential Agency, Inc. and Audio Eye, Inc.

For more information, please visit: [ www.cmgholdingsinc.com ]

About XA, The Experiential Agency, Inc. (XA):

XA, The Experiential Agency, Inc. is a wholly-owned subsidiary of CMG Holdings Group Inc. and has offices in Chicago and New York from which it provides corporations and highly visible brands with comprehensive event marketing, design, public relations and production services. The XA brand has a 20 year history and 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.

For more information please visit: [ www.experientialagency.com ]

About XA Social:

XA Social is part of the XA consolidated platform and excels in social media strategy; from a social media 101 seminar, to advising and monitoring, overall management and ROI. XA Social believes social media is not a fad, but rather an extension of good public relations that is here to stay. XA Social creates lasting connections between consumers and brands in order to engage in two way communication. XA Social helps clients build their brands through innovative and authentic social media tactics and aids in creating environments of conversation and engaging relevant consumers with brands through personal interactions.

For more information please visit: [ www.xasocial.com ]

About AudioEye, Inc. (AudioEye):

AudioEye, Inc., founded in 2003, is a wholly-owned subsidiary of CMG Holdings Group, Inc. with offices in Tucson and Chicago. AudioEye has developed patented, Internet content publication and distribution software enabling conversion of any media into accessible formats and allowing for real time distribution to end users on any Internet connected device. Audio Eye is focused on creating better and more comprehensive access to Internet, print, broadcast and other media to all people regardless of their network connection, device, location, or any disabilities or disadvantages an individual may have. Audio Eye solutions include comprehensive E-Learning and E-Commerce systems as well as a variety of Internet publishing products and services that enable customers to create and deliver accessible, highly scalable web-based applications.

For more information please visit: [ www.audioeye.com ]

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-K; its quarterly reports on Forms 10-Q; and any reports on Form 8-K. CMG Holdings Group, Inc. (OTCQB: [ CMGO ]) (PINKSHEETS: [ 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.