LAS VEGAS, NEVADA, May 16, 2018 (GLOBE NEWSWIRE) -- Momentous Entertainment Group, Inc. (“Momentous”) (OTCBB:MMEG), announces updates on its Annual Report on Form 10-K for the fiscal year ended December 31, 2017 (the "Form 10-K") and March 31 10Q filings. The new outside accounting firm is in the process of preparing the materials necessary for our auditor, ThayerOneal Company LLC.

As previously stated, Momentous had no alternative but to secure another party to complete the filings. The Momentous internal filing team is being led by David Micek, Momentous’ Chief Operations Officer and CEO Kurt Neubauer. They together will oversee all aspects of the work to make the process as smooth as possible.

Momentous CEO Kurt Neubauer stated, “The departure of our CAO left Momentous with no choice but to file its 2017 Year End 10K and March 31 10Q late. There is a lot of work to cover and we are trying to get it done as rapidly as possible; ensuring accuracy to comply with all filing requirements.” Mr. Neubauer also stated, “When these reports have been completed and filed, management will look at future safeguards to help insure this situation does not occur again. We appreciate investors’ patience concerning this situation.”

About Momentous Entertainment Group (MMEG)

Momentous Entertainment Group, Inc. (MMEG) is a social media gaming, ecommerce and digital media company focused on providing unique and entertaining experiences for its subscribers and members on a global scale.

The Company’s strategic expansion plans are balanced between accelerating growth of its existing media and gaming properties, to the acquisition of profitable and sustainable businesses that are highly complementary to MMEG’s operations.

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, Twitter and LinkedIn.

To learn more, visit Momentous Entertainment Group’s website at www.momentousentertainment.com

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 takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.

Tom Nelson 480-326-8577 tenassociates33@gmail.com