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Clubhouse Media Group, Inc. Announces HoneyDrip.com Growth Results For April 2024

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Clubhouse Media Group, Inc. (OTC: CMGR) announced the growth results of HoneyDrip.com for April 2024. The digital platform saw growth in active performers, content posts, active users, and applications from creators. The site focuses on empowering creators to connect, engage with fans, and monetize exclusive content. The positive growth is attributed to new features like live video chat and a Tik Tok-like video page.

Positive
  • HoneyDrip.com experienced significant growth in active performers, content posts, active users, and applications from creators during April 2024.
  • The platform's focus on empowering creators to monetize exclusive content and engage with fans contributed to the positive growth.
Negative
  • None.

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- Clubhouse Media Group, Inc. (OTC: CMGR) ("CMGR"), a social media firm, today announced that HoneyDrip.com has seen month over month growth, continuing into April 2024. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content.

Honeydrip.com

HoneyDrip.com has experienced rapid growth in four main categories during the month of April 2024 alone:

1) Active performers on the site (by Invite Only) increased by 3%
2) Content posts (photos and videos) to be sold increased by 5%
3) Active users increased by 4%
4) Applications from creators wishing to join the site increased by 2%

“We are very pleased with last month’s results” said Alexandra Bolanos, Manager at HoneyDrip. “The new features on the platform, such as the live video chat and “Tik Tok-like” video page, are attributing to the growth of the site. We plan on continuing the enhancements and building on this momentum.”

Creators can apply to join at HoneyDrip.com

About Clubhouse Media Group, Inc.
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.

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.

Contact:         
Clubhouse Media Group, Inc.
media@clubhousemediagroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd84a028-cfbb-425c-afb5-be6e4cfdc99e


FAQ

What did Clubhouse Media Group, Inc. announce regarding HoneyDrip.com in April 2024?

Clubhouse Media Group, Inc. announced the growth results of HoneyDrip.com for April 2024.

What were the main areas of growth for HoneyDrip.com in April 2024?

The main areas of growth for HoneyDrip.com in April 2024 included active performers, content posts, active users, and applications from creators.

How did the new features on HoneyDrip.com contribute to the site's growth?

New features like live video chat and a Tik Tok-like video page contributed to the growth of HoneyDrip.com.

CLUBHOUSE MEDIA GROUP INC

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