Clubhouse Media Group, Inc. Announces Hiring of CAA Alum Elliot Schwartz To The Reiman Agency

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced the hiring of Elliot Schwartz, a former CAA employee, to join The Reiman Agency, a majority-owned venture of CMGR. Julia Salmon has been promoted to agent, enhancing the agency's capabilities. Schwartz aims to add value to clients and drive new business. CMGR, focused on influencer media and marketing, reaches over 400 million followers and offers comprehensive management and production services for influencers. The company cautioned about reliance on forward-looking statements due to inherent risks and uncertainties.

Positive

• Elliot Schwartz joins The Reiman Agency, expected to enhance client services
• Julia Salmon promoted, indicating internal growth and stability
• CMGR reaches over 400 million followers, showcasing strong market presence

Negative

• None.

LOS ANGELES, Aug. 25, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that Elliot Schwartz, a CAA alum, has finalized his agreement and is joining The Reiman Agency (a majority held CMGR venture). Furthermore, current sales representative Julia Salmon (who has been with the company for a year) has been promoted to agent.

"I am thrilled to reunite with a former colleague in Elliot" said Alden Reiman, President of The Reiman Agency. "I believe he will both add value to our current clients as well as drive new business for the agency."

Before joining The Reiman Agency, Elliot Schwartz managed PR, Communications, and Partnerships at the Los Angeles based kitchen lifestyle brand Hedley & Bennett. Prior to Hedley & Bennett, Schwartz worked at CAA for four years, primarily in the Speakers Department which represented the agency's roster of talent for speaking engagements across the globe. 

"I couldn't be more excited to join such an elite team and have the opportunity to continue building something great," said Schwartz.

About Clubhouse Media Group, Inc.

CMGR represents the future of influencer media and marketing, with a global network of professionally run content houses, each with its brand, influencer cohort, and production capabilities. Collectively, CMGR reaches more than 400 million followers. CMGR offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.

Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause CMGR's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for CMGR's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.

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SOURCE Clubhouse Media Group, Inc.

FAQ

Who is Elliot Schwartz and what is his role at CMGR?

Elliot Schwartz has joined The Reiman Agency as part of Clubhouse Media Group, bringing his expertise from CAA to enhance client services and drive new business.

What is the significance of Julia Salmon's promotion at CMGR?

Julia Salmon's promotion to agent reflects CMGR's commitment to internal growth and showcases its efforts to strengthen the agency's capabilities.

How many followers does CMGR reach?

Clubhouse Media Group collectively reaches over 400 million followers through its network of influencers.

What should investors consider regarding CMGR's forward-looking statements?

Investors should be cautious about relying on CMGR's forward-looking statements due to inherent risks and uncertainties that may affect future performance.