Welcome to Creative Management Group Agency

News Release for Immediate Release

NEW YORK, October 14, NEW YORK -- CMG Holdings, Inc., (CMG) (OTC BB: CMGO - News), a full service global marketing, sports, entertainment and management communications company, that operates in the sectors of talent management, event management and commercial rights, is pleased to announce that Creative Management Group Agency has been named the exclusive agency of record to Laurence A. Caso and Michael T. Hall, and their newly formed media production company, Shoot the Catfish Productions, LLC (STC). The announcement was made today by CMG Holdings, Inc. Chairman and CEO Alan Morell who will be the lead Agent and Charles Martin, Creative Management Group Inc. Senior Vice President of Broadcast, who will be the day to day Managing Agent on the account. Said Mr. Morell, “Laurence and Michael are highly regarded and industry respected Executive Producers with a proven track record, who have a unique understanding of what is the future of network and internet programming with a myriad of appealing properties”.

In forming Shoot the Catfish Productions, LLC, Caso and Hall combine their experience of over 2,000 episodes of network story telling and production. They specialize in building relationships with creative writers, producers, talent and advertisers to deliver quality to targeted audiences. With over 20 projects in active development, their interests run the full gamut from children’s animation and documentaries to music and reality. Shoot the Catfish Productions projects now in pre-production are: UNSEEN HENSON: FROM THE MUPPET VAULTS; SALSA MUSIC: I LIKE IT LIKE THAT; and PHILADELPHIA: AT THE HOP, three different PBS specials scheduled to air in 2010.

For more information:

www.cmgholdingsinc.com

www.creativemanagmentgroup.com

About Shoot The Catfish

Laurence A. Caso

Laurence A. Caso recently completed six years as Executive Vice President of Development & Production at Red Post Productions/AVMG, Inc. He was the Senior Producer and writer of a documentary, INSIDE BAGHDAD, which ran on The History Channel and the Food Network's FOOD SECRETS OF COUNTRY MUSIC STARS. He also wrote and produced SURGEONS OF HOPE, which received the Video Excellence Award from the prestigious healthcare marketing group, RX Club. In new media, he co-wrote and produced a series of videos for JibJab Media starring comedienne Fran Capo, the Guinness Book’s “World’s Fastest Talking Female.”

Mr. Caso began his television career at CBS in Los Angeles, where he worked on the development of comedy and drama series (WKRP IN CINCINNATI, ALICE, WHITE SHADOW). In New York, he held positions as VP of Daytime Programs (dramatic serials and game shows), and as Director of Special Programs: animation (PEANUTS, GARFIELD), documentaries (THE BODY HUMAN), variety (Johnny Cash, Anne Murray, Kenny Rogers, Lily Tomlin, Crystal Gayle, etc.), awards shows (GRAMMYS, TONYS, COUNTRY MUSIC ASSOCIATION AWARDS, KENNEDY CENTER HONORS), parades (COTTON BOWL, ROSE BOWL) movies & mini-series. He was also the VP of Programs for the start-up of the Disney Channel. Procter & Gamble hired him as Executive Producer of AS THE WORLD TURNS. While he produced over 1,700 episodes of that CBS serial, the program received numerous awards, including the Daytime Emmy as Outstanding Drama Series, and the Editors Award for Lifetime Achievement from “Soap Opera Digest.” Subsequently, he produced two seasons of the reality parenting series, DONNA’S DAY for the Jim Henson Company, which ran on the Hallmark Channel. That series was cited by the Associated Press on its annual “Ten Best Shows on Television” list.

Michael T. Hall

Michael Hall worked as a field producer on both seasons of the highly touted Nickelodeon series Let’s Just Play. This docu-reality series, which Nickelodeon produced with an alliance between the American Heart Association and The Clinton Foundation, was credited with changing the way kids and families view fitness and health. He joined Nickelodeon Networks in 2001 and worked as a writer and associate producer on a variety of series including Wildcard on Nick GAS, and a daily live show that featured celebrities and sketch comedy entitled, U Pick Live. During a five-year stay in Orlando, Florida he served on the production staff for such other television companies as Animal Planet, Fox, Disney, and Jim Henson Television. He also was a segment producer for A&E Networks where he organized, structured, and implemented a new interactive internet game utilizing clips from the series Paranormal State.

About CMG

CMG Holdings, Inc. is a full service global marketing and communications company operating in the sectors of talent management, event management and commercial rights. Talent Management includes representation of personalities in the entertainment, athletic, literary industries for endorsements, licensing, speaking appearances, and image marketing. Event Management includes marquis hospitality, sponsorships, licensing, production and implementation of events including hospitality services pairing corporate client sponsors and premier events to ensure the highest return on their investment and brand exposure. Commercial Rights includes branding, consulting, licensing, sponsorships, sales through image marketing tools to generate premier brand recognition for our clients.

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.

Contact:

CMG Holdings, Inc.

Jim Ennis, +1-212-521-4111

Chief Operating Officer

investorrelations@creativemanagementgroup.com