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

Rhea-AI Summary

Clubhouse Media Group, Inc. (CMGR) reported continued month-over-month growth for HoneyDrip.com, a digital platform for content creators. In September 2022, key metrics showed an 11% increase in active performers, a 16% rise in content posts, an 8% boost in active users, and a 4% uptick in creator applications. Danche Prokopov, General Manager of HoneyDrip, expressed confidence in the platform's growth and improvement compared to competitors like OnlyFans. CMGR focuses on managing influencers and fostering joint ventures in the social media space.

Positive

• 11% increase in active performers on HoneyDrip.com in September 2022.
• 16% rise in content posts (photos/videos) for sale in September 2022.
• 8% growth in active users on HoneyDrip.com.
• 4% increase in applications from creators wanting to join HoneyDrip.com.

Negative

• None.

LOS ANGELES, Oct. 6, 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 September 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 September 2022 alone: 

1)      Active performers on the site (by Invite Only) increased by 11%
2)      Content posts (photos and videos) to be sold increased by 16%
3)      Active users increased by 8%
4)      Applications from creators wishing to join the site increased by 4%

"I'm very pleased with the pace our site is growing," said Danche Prokopov, General Manager of HoneyDrip.com. "We've experienced consistent month over month growth and it's really motivating the team. The site is constantly being improved and enhanced. I'm confident HoneyDrip will become a better alternative to older, more stigmatized competitor sites, such as OnlyFans."

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 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 were the September 2022 growth statistics for HoneyDrip.com?

In September 2022, HoneyDrip.com saw an 11% increase in active performers, 16% more content posts, 8% growth in active users, and 4% more applications from creators.

Who is the General Manager of HoneyDrip.com?

Danche Prokopov is the General Manager of HoneyDrip.com.

What is the focus of Clubhouse Media Group, Inc.?

Clubhouse Media Group focuses on influencer management and digital talent services, including joint ventures and acquisitions in the influencer space.

What is HoneyDrip.com designed for?

HoneyDrip.com is designed to empower creators by allowing them to connect with fans and monetize exclusive content.

What is the stock symbol for Clubhouse Media Group, Inc.?

The stock symbol for Clubhouse Media Group, Inc. is CMGR.