Clubhouse Media Group, Inc. Announces Plans For Live Video Feature On HoneyDrip.com

Rhea-AI Summary

Clubhouse Media Group (OTCMKTS: CMGR) announced the upcoming launch of a live video chat feature on HoneyDrip.com, allowing creators to engage with fans directly through secure video calls. This innovative feature positions HoneyDrip as a unique platform for creators to monetize exclusive content. Company representatives expressed enthusiasm, labeling the feature a potential game changer in the social media landscape. CMGR aims to empower creators with tools for enhanced interaction. The company also teased additional gamification features to be introduced soon.

Positive

• Launch of live video chat feature on HoneyDrip.com enhances creator-fan interaction.
• Unique offering in the market, potentially attracting more creators and users.
• Plans for additional features to gamify the platform, enhancing user engagement.

Negative

• None.

LOS ANGELES, March 16, 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 a feature that will allow creators access to one on one live video chats with their fans / subscribers .  The video chat will be hosted within Honeydrip.com's secure site (as opposed to being routed to a third-party site).  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. 

"This could be a game changer" said a representative of the company. "We are extremely excited about the live video feature.  I don't think any competitor offers one on one video access between creators and their fans.  We will also be releasing additional features in the near future that will gamify the site."

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 is the new feature announced by Clubhouse Media Group for HoneyDrip.com?

Clubhouse Media Group announced a live video chat feature that will allow creators to engage one-on-one with their fans on HoneyDrip.com.

When was the live video feature announcement made by CMGR?

The announcement was made on March 16, 2023.

How does the live video feature on HoneyDrip.com benefit creators?

The feature allows creators to connect more personally with fans, enhancing engagement and providing monetization opportunities.

Is HoneyDrip.com designed for third-party interactions?

No, the video chats will be hosted securely within HoneyDrip.com, not routed through third-party sites.

What future plans did CMGR mention regarding HoneyDrip.com?

CMGR mentioned plans to release additional features to gamify the platform in the near future.