Updates on the Poolworks Acquisition and More
LAS VEGAS, NV--(Marketwired - Jan 12, 2017) - Momentous Entertainment Group, Inc. ("Momentous") (OTCBB: MMEG), a diversified
media company with a focus on technology that creates, produces and distributes quality content across various media platforms,
issued a shareholder update letter from Kurt E. Neubauer, Chairman of the Board and CEO.
First I want to say "Thank You" to my Friends -- the Investors, shareholders, staff and management of Momentous Entertainment
Group -- that had and kept faith in the Company this past year. As someone close to me said: "2016, a year filled with ...
'WHAT NEXT!'"
Let's begin with our merger and acquisition activity.
M&A PROGRAM & ACTIVITY
Poolworks
As previously stated in a press release issued on January 2nd, the Poolworks acquisition has been delayed until a solution to
a pending credit issue could be solved. Momentous management have been in direct discussions with the creditor since
learning of the gravity of the situation and is hopeful a positive resolution is possible even though we cannot be assured that
the situation will be resolved in a way that Momentous will prevail in a positive outcome.
As progress is made with the situation, we will provide updates as they occur. We are committed to meeting our current
goals.
Momentous has also commenced M & A discussions with other potential asset targets to acquire in 2017. As the Company moves
closer to that realization, we will make announcements as they are warranted.
Reality Television Projects
We have had a number of email inquiries as to the current status of the Bobby Dale Earnhardt reality show project. Bobby
has been working on sponsorship arrangements since last summer to prepare for the upcoming racing season in 2017. These
sponsorship arrangements include the reality series with Momentous. As more information becomes available, Momentous will
make necessary announcements and filings.
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 platforms. Momentous has a combined management experience of more than 100
years in entertainment, technology and marketing.
Please take note that 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.