CMG Holdings Inc. (CMGO), Creative Management Group Inc. Agency Client Jose Lobaton Signs With Major League Baseball's Tampa Bay Rays and Gaylord Entertainment Company to Present at the 2010 J. P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 18, 2010 at 10:30 a.m. PT
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City of Industry, CA --(www.USEquityNews.com)-- 03/11/2010 - Marketing Services industry alert provided by U.S. Equity News. CMG Holdings, Inc. (OTCBB: CMGO) www.cmgholdingsinc.com, a full service marketing communications company operating across sectors of commercial rights, event management and talent management, is pleased to announce that Creative Management Group Agency client Jose Lobaton has signed with the Tampa Bay Rays of Major League Baseball. Lobaton, a twenty-five-year-old switch-hitting native ofVenezuela, was named Best Defensive Catcher on the San Diego Padres' squad by Baseball America two years in a row. Rafael Perez, CMG Agency's Senior Associate of South American Operations, manages Lobaton's day to day career; CMG Senior Corporate Vice President, Michael Vandetty, Esq. serves as Jose's lead agent, and CMG CEO Alan Morell assists with commercial rights endorsements. Said Mr. Perez of Lobaton's signing with the Rays, "The toughest league division in MLB, the American League East - with the Tampa Bay Rays in it and, now, also Jose Lobaton - will certainly bring that much more excitement when Lobaton starts showcasing his abilities against the best.
Gaylord Entertainment Company (NYSE: GET) announced today that it will present to attendees of the 2010 J. P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum being held at the Encore at the Wynn in Las Vegas, Nevada on Thursday, March 18 at 10:30 a.m. PT. Colin Reed, chairman and chief executive officer of Gaylord Entertainment, will communicate the Company's recent financial performance, growth objectives and business strategy. Patrick Chaffin, vice president of strategic planning and investor relations will also attend the conference.
MDC Partners announced recently that they have acquired a majority interest in leading experiential marketing firm, TEAM Enterprises. Based inFort Lauderdale, TEAM is one of the nations largest and most successful experiential marketing firms, employing 400 full time and 6,500 part-time employees across North America. The firm services Fortune 100 clients and produces immersive, interactive brand experiences that physically engage, and influence consumers where they live, work and play.
Alloy, Inc. (the "Company") (Nasdaq: ALOY), one of the country's largest providers of media and marketing programs reaching targeted consumer segments, reported preliminary, unaudited financial results for its fiscal year ended January 31, 2010 ("fiscal 2009"). Revenue for fiscal 2009 is expected to be in the range of $204.0 to $206.0 million and "Adjusted EBITDA" (as defined by the Company as operating income (loss) plus depreciation and amortization, non-cash stock-based compensation, and special items) is expected to be in the range of $14.0 to $15.0 million with both ranges increasing from our previously released guidance on December 2, 2009. Revenue increased in each of the Company's reporting segments primarily driven by its AMP Agency, Channel One Alloy Entertainment and Newspaper businesses. This was primarily due to increased promotional spending, incremental ad sales, and higher royalties. Adjusted EBITDA increased primarily due to the increased revenue contribution.
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