Typenex Payoff Should take Some Downward Pressure off Stock
LAS VEGAS, NV--(Marketwired - Dec 14, 2016) - Momentous Entertainment Group, Inc. ("Momentous") (OTC PINK: MMEG), a
diversified media company with a focus on technology that creates, produces and distributes quality content across various media
platforms is pleased to announce today that it has paid off by internal wire transfer its convertible debt with Typenex
Co-Investment LLC as of December 13th 2016. Typenex financed the Company in February of 2016 by providing a convertible note
that it has been converting as selling since August. Once Typenex has vacated their equity position in Momentous they intend
to update their 13G on Edgar.
"Paying off Typenex is a significant milestone in the Company's financing strategies that should allow the Company's equity to
have less selling pressure and have an opportunity for value recovery. As the Company draws nearer to closing on it's first
acquisition of VZ Network Holdings, Inc., the acquisition, if concluded will be consolidated into Momentous' accounting and
should bring an estimated book value to Momentous of more than 2 cents per share," said Momentous CEO, Kurt Neubauer.
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. is a diversified media company with a focus on technology that creates, produces and
distributes quality content across various media platoforms. Momentous has a combined management experience of more than 100
years in entertainment, technology and marketing.
Please note the Company may use social media to communicate with the public. This communication may include information that
could be deemed material information. As a result, the Company encourages interested parties to review the information that it
posts on the following social media channels: Facebook (https://facebook.com/momentousent13), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/10623581).
To learn more, visit Momentous Entertainment Group's websites: Products Site www.momentousent.com, Music Site www.momentousmusic.com and Music One Corp www.music1.biz.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of Momentous
Entertainment Group Inc's (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to
identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an
action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and
other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements.
These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission,
including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have
material adverse effects on MMEG's future results. The forward-looking statements included in this press release are made only as
of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you
should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these
statements after the date of this release, except as required by law, and also takes no obligation to update or correct
information prepared by third parties that are not paid for by MMEG.