SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report:

~~February~~September 222, 2009

CSMG TECHNOLOGIES, INC.

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(Exact Name of Registrant as Specified in Charter)

Texas ----------- (State of Incorporation) 0-27359 ------------- (Commission File Number ) 74-2653437 -------------------- (IRS Employer Identification No.)

Texas	0-27359	74-2653437
(State of Incorporation)	(Commission File Number )	(IRS Employer Identification No.)

~~500 North~~1005 ~~Shoreline~~North ~~Drive~~Tower, ~~Suite~~500 ~~1005~~North NShoreline Drive

Corpus Christi, TX 78471

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(Address of principal executive offices) (Zip Code)

361-~~887~~884-~~7546~~6118

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(Registrant's telephone number)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2 8.0401. ~~Triggering~~Other Events ~~That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement~~.

~~The~~On September 22, 2009 the Registrant (“CSMG”) ~~received~~entered oninto ~~February 2, 2009~~ a ~~certified~~Settlement ~~letter dated~~Agreement ~~January~~and ~~28,~~Mutual ~~2009~~Release ~~from La Jolla Cove Investors, Inc.~~ (the “LaSettlement ~~Jolla~~Agreement”) ~~declaring an event of default~~ with ~~respect~~Banco ~~to a 6% Convertible Debenture dated November 17,~~Panamericano ~~2008 in the principal amount of $1,500,000 that matures on November 30, 2011~~ (“~~First Convertible Debenture~~Banco”) ~~issued~~and ~~under~~Leon aA. ~~Securities Purchase Agreement dated November 17~~Greenblatt, ~~2008. Under~~President ~~the~~and ~~Securities~~CEO ~~Purchase~~of ~~Agreement~~Banco, ~~La Jolla~~pursuant ~~paid $125,000~~ to ~~CSMG and issued a Secured Promissory Note (the “First~~which ~~Secured~~Banco ~~Note”)~~assigned into ~~the~~Donald ~~amount~~A. ~~of $1~~Robbins,~~375,000~~ ~~dated~~President ~~November~~of 17CSMG, ~~2008~~the ~~that~~judgment isit ~~due~~had ~~and~~obtained ~~payable~~against CSMG on ~~demand~~December by23, ~~CSMG~~2008 atin ~~any~~the ~~time~~case ~~after~~styled ~~November~~Banco ~~30,~~Panamericano ~~2011~~v. La ~~Jolla~~Consortium ~~stated~~Service ~~that~~Management anGroup. ~~event~~Inc., ofCase ~~default~~No. ~~had~~07-C ~~occurred~~15, ~~under~~in the ~~Convertible~~ ~~Debenture~~Northern ~~following~~District ~~the entry~~ of ~~judgment~~Illinois ~~against~~District ~~the Company and in favor of Banco Panamericano~~Court, ~~Inc.~~ in the amount of $726,491.4191 ~~on December 16, 2008 and~~plus ~~the~~attorney’s ~~failure~~fees of ~~CSMG to timely pay interest under the Debenture~~$474,828. ~~La Jolla~~46 ~~claims~~or ~~that~~a ittotal isof ~~entitled to~~ $~~402~~1,~~629~~201,320.2837. ~~under~~Under the terms of ~~the Debenture~~ ~~based upon acceleration of 118% of~~ the ~~principal~~Settlement ofAgreement, ~~the~~CSMG ~~Debenture~~transferred ~~together with all accrued and unpaid interest~~ to ~~the~~Banco ~~date~~2,000,000 ofrestricted ~~payment. CSMG is not~~shares ~~aware~~ of ~~any~~its ~~other~~common ~~material~~stock, ~~obligations~~its ~~that~~CO2 ~~it has that may arise~~scrubber, ~~increase,~~one ~~be accelerated~~patent orrelated ~~become~~to ~~a direct financial obligation as a result of~~ the ~~above~~CO2 scrubber ~~triggering~~and ~~event~~certain orother ~~the increase or acceleration of the Debenture to La Jolla~~consideration.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Letter of Default from La Jolla Cove Investors dated January 28, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CSMG Technologies, Inc.
Date: February 5, 2009	By:	/s/ Donald S. Robbins
Date: September 23, 2009	By:	/s/ Donald S. Robbins
		Donald S. Robbins
		Chief Executive Officer
		President and Chief Executive Officer

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