Clubhouse Media Group, Inc. Announces HoneyDrip.com Growth Results For December 2023

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTC: CMGR) announced that HoneyDrip.com, a digital platform owned by CMGR, has experienced significant month-over-month growth in December 2023. The platform saw increases in active performers, content posts, active users, and applications from creators, showcasing a strong finish to the year.

LOS ANGELES, Jan. 03, 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 December 2023. 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 December 2023 alone:

1) Active performers on the site (by Invite Only) increased by 4%
2) Content posts (photos and videos) to be sold increased by 6%
3) Active users increased by 5%
4) Applications from creators wishing to join the site increased by 3%

“We finished the year strong with 12 consecutive months of growth”, said Alexandra Bolanos, Manager at HoneyDrip. “The team is energized, and we are continuing the momentum into 2024. I’m excited to see what the platform will accomplish this year as we rollout even more enhancements and increase our marketing efforts.”

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/5db5a763-ea8c-4fdc-9a0c-e112bdf1a996

FAQ

What did Clubhouse Media Group, Inc. (CMGR) announce regarding HoneyDrip.com in December 2023?

CMGR announced that HoneyDrip.com saw significant month-over-month growth, with increases in active performers, content posts, active users, and applications from creators.

What is HoneyDrip.com?

HoneyDrip.com is a digital platform owned by Clubhouse Media Group, Inc. (CMGR) that focuses on the empowerment of creators, allowing them to connect with fans and monetize exclusive content.

What were the main categories that experienced growth on HoneyDrip.com in December 2023?

The main categories that experienced growth on HoneyDrip.com in December 2023 were active performers, content posts to be sold, active users, and applications from creators.

Who is the Manager at HoneyDrip?

Alexandra Bolanos is the Manager at HoneyDrip, a digital platform owned by Clubhouse Media Group, Inc. (CMGR).

How can creators apply to join HoneyDrip.com?

Creators can apply to join HoneyDrip.com by visiting the website and submitting an application.

What did Alexandra Bolanos say about the growth at HoneyDrip.com?

Alexandra Bolanos, Manager at HoneyDrip, mentioned that the team finished the year strong with 12 consecutive months of growth and is energized to continue the momentum into 2024.