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Momentous Entertainment Group Shares Updates

Updates on the Poolworks Acquisition and More

LAS VEGAS, NV -- (Marketwired) -- 01/12/17 -- 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.

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