Clubhouse Media Group, Inc. Announces HoneyDrip.com Growth Results For November 2022

Rhea-AI Summary

Clubhouse Media Group (CMGR) reported continued growth for HoneyDrip.com in November 2022. Key metrics include a 10% increase in active performers and users, a 13% rise in content posts, and an 8% increase in creator applications. Danche Prokopov, General Manager, expressed confidence in the platform's enhancements and community engagement, attributing it to the sustained growth. The platform focuses on empowering creators to connect with fans and monetize exclusive content, positioning CMGR as a leading player in the influencer-based digital space.

Positive

• 10% increase in active performers on HoneyDrip.com.
• 13% rise in content posts available for sale.
• 10% growth in active users on the platform.
• 8% increase in applications from new creators.

Negative

• None.

LOS ANGELES, Dec. 1, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that HoneyDrip.com has seen month over month growth, continuing into November 2022. 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 has experienced rapid growth in four main categories during the month of November 2022 alone: 

1.       Active performers on the site (by Invite Only) increased by 10%
2.       Content posts (photos and videos) to be sold increased by 13%
3.       Active users increased by 10%
4.       Applications from creators wishing to join the site increased by 8%

"I'm very confident in our path forward" said Danche Prokopov, General Manager of HoneyDrip.com. "We are continuously enhancing the site to add new features and enrich the user experience. I believe that this, paired with the sense of community on the site, have made a direct impact to our sustained growth."

Creators can apply via email to join@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.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What growth did HoneyDrip.com experience in November 2022?

HoneyDrip.com reported a 10% increase in active performers, a 13% rise in content posts, and a 10% growth in active users for November 2022.

What is the focus of HoneyDrip.com?

HoneyDrip.com focuses on empowering creators by allowing them to connect with their fans and monetize exclusive content.

Who is the General Manager of HoneyDrip.com?

Danche Prokopov is the General Manager of HoneyDrip.com.

What was the increase in creator applications for HoneyDrip.com in November 2022?

There was an 8% increase in applications from creators wishing to join HoneyDrip.com in November 2022.

How does CMGR support influencers?

CMGR offers management, production, and deal-making services to its influencers, along with a dedicated management division.