CMG Holdings Group, Inc. (OTC:CMGO) today announced it has entered into a joint venture with North Jersey Petroleum Partners LLC (NJPP) a provider of groundbreaking eco-friendly "upgrading" technology that increases the value and quality of low-grade petroleum by removing impurities and reducing sulfur at profits of approximately $ 6 to $10 per barrel. NJPP anticipates its new Magnetic Vacuum Upgrading (MVU) technology will quickly be seen as a disrupter in the oil treatment market; rivaling thermal and catalytic cracking methods currently used for upgrading crude/fuel in refineries today, which are highly pollutive and costly to build. This patent pending, cost efficient "green technology" is owned by New Vacuum Technologies, LLC (NVT) and is sub-licensed to NJPP by New Vacuum Technologies USA LLC, a subsidiary of NVT