Clubhouse Media Group, Inc. Closes Brand Deal With Sharlize True

Rhea-AI Summary

On February 2, 2023, Clubhouse Media Group (OTCMKTS: CMGR) finalized a brand promotional deal with social media influencer Sharlize True. True, who has over 3.1 million followers on TikTok, is recognized for her entrepreneurial ventures, including a clothing line named Truewrld. This agreement was executed through CMGR's majority-owned entity, The Reiman Agency. CMGR specializes in management and production services for influencers and is involved in joint ventures within the social media sector. The company emphasizes the potential for future collaboration with True amidst her growing popularity.

Positive

• Secured a promotional deal with influencer Sharlize True, enhancing brand visibility.
• True's significant following on TikTok (3.1M+) can drive traffic and engagement.
• Collaboration with The Reiman Agency potentially strengthens CMGR's influencer management capabilities.

Negative

• None.

LOS ANGELES, Feb. 2, 2023 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), a social media firm and digital agency, announced that they have finalized a brand promotional deal with actress, dancer, model, and influencer, Sharlize True. The deal was consummated through CMGR's majority held entity, The Reiman Agency. True has become popular on social media, amassing 3.1M+ followers on TikTok alone. She is also an entrepreneur, creating her own clothing line with her influencer sister Shariah True, called Truewrld.

"Always a pleasure working with Sharlize and her team" said Julia Salmon, Digital Agent at The Reiman Agency. "Excited for more to come with her and her rising success."

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clubhouse-media-group-inc-closes-brand-deal-with-sharlize-true-301736948.html

SOURCE Clubhouse Media Group, Inc.

FAQ

What is the significance of the brand deal between CMGR and Sharlize True?

The brand deal with Sharlize True is significant as it enhances CMGR's visibility and leverage in the influencer market, utilizing True's substantial social media following.

When was the brand deal with Sharlize True announced?

The brand deal with Sharlize True was announced on February 2, 2023.

How many followers does Sharlize True have on TikTok?

Sharlize True has over 3.1 million followers on TikTok.

What services does Clubhouse Media Group offer?

Clubhouse Media Group offers management, production, and deal-making services focused on social media influencers.

What is CMGR's stock symbol?

CMGR's stock symbol is OTCMKTS: CMGR.