Clubhouse Media Group, Inc. Announces Plans For Gamifying Features On HoneyDrip.com

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced plans to enhance its platform, HoneyDrip.com, by incorporating gamification features aimed at boosting interaction between creators and fans. This initiative is expected to increase user engagement, fostering longer subscriptions and higher sales. The platform allows creators to monetize content while maintaining direct connections with their audience. The company views these updates as a strategic differentiation from competitors like OnlyFans, reinforcing their position in the social media landscape.

Positive

• Introduction of gamification features on HoneyDrip.com to enhance user engagement.
• Potential increase in sales and longer user retention on the platform.
• Strategic differentiation from competitors such as OnlyFans.

Negative

• None.

LOS ANGELES, March 23, 2023 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), a social media firm and digital agency, today announced that HoneyDrip.com will soon be adding features to gamify the site. Gamifying is the process of adding games or game-like elements to the site to encourage interaction between creators and their subscribers. This also helps to increase sales and keeps fans and creators on the site for longer periods of time. 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. 

"These features will allow fans to connect with creators on a more personal level" said a representative of the company. "They will have the ability to sit down to a board game with their favorite creator while playing and communicating in real time. It's very exciting and further differentiates us from our competitors, such as OnlyFans."

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.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What are the new features being added to HoneyDrip.com by Clubhouse Media Group?

Clubhouse Media Group is adding gamification features to HoneyDrip.com, which will encourage interaction between creators and their subscribers.

How will gamifying HoneyDrip.com benefit creators and fans?

Gamifying HoneyDrip.com is expected to enhance engagement, increase sales, and enable fans to interact with creators in real-time.

When did Clubhouse Media Group announce the gamification plans for HoneyDrip.com?

Clubhouse Media Group announced the plans on March 23, 2023.

What is the stock symbol for Clubhouse Media Group?

The stock symbol for Clubhouse Media Group is OTCMKTS: CMGR.