Clubhouse Media Group, Inc. Announces HoneyDrip.com May 2022 Results

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) reported significant month-over-month growth for its platform HoneyDrip.com in May 2022. Key growth metrics include a 27% rise in active performers, a 15% increase in content posts, a 14% boost in active users, and a 7% uptick in creator applications. General Manager Danche Prokopov highlighted the positive feedback and ongoing enhancements to the platform, indicating strong future potential for HoneyDrip.com.

Positive

• Active performers on HoneyDrip.com increased by 27%.
• Content posts available for sale rose by 15%.
• Active users grew by 14%.
• Applications from creators increased by 7%.

Negative

• None.

LOS ANGELES, June 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 May 2022. Honeydrip.com is a new digital platform designed and 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 May 2022: 

1)      Active performers on the site (by Invite Only) increased by 27%

2)      Content posts (photos and videos) to be sold increased by 15%

3)      Active users increased by 14%

4)      Applications from creators wishing to join the site increased by 7%

"The continued growth in these categories is a great indicator of the sites potential", said Danche Prokopov, General Manager of HoneyDrip.com. "We are constantly enhancing the platform to make it even better for our users and creators. The overall feedback has been very positive, and we look forward to building on this momentum."

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.

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 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 achieve in May 2022?

HoneyDrip.com reported a 27% increase in active performers, 15% more content posts, a 14% rise in active users, and a 7% increase in applications from creators.

What is the significance of the growth metrics reported for HoneyDrip.com?

The growth metrics indicate strong engagement and potential for HoneyDrip.com, reflecting its effectiveness in empowering creators and monetizing content.

Who is the General Manager of HoneyDrip.com?

Danche Prokopov is the General Manager of HoneyDrip.com, emphasizing the platform's positive feedback and enhancements.

What is Clubhouse Media Group's stock symbol?

The stock symbol for Clubhouse Media Group is CMGR.

When was the press release about HoneyDrip.com growth issued?

The press release was issued on June 1, 2022.