Clubhouse Media Group, Inc. Closes Numerous Brand Deals In February 2023

Rhea-AI Summary

On March 8, 2023, Clubhouse Media Group (OTCMKTS: CMGR) announced the finalization of multiple brand promotional agreements in February 2023. These agreements involve various influencers, including NFL players, models, and YouTubers. CEO Amir Ben-Yohanan stated that the company has experienced promising deal flow and is optimistic about growth in 2023. CMGR specializes in influencer management, production, and deal-making within the social media space. This press release also includes forward-looking statements that caution investors about risks and uncertainties that could affect future performance.

Positive

• Finalized multiple brand promotional deals in February 2023, indicating strong business activity.
• Engagement with a diverse roster of influencers, which may enhance revenue opportunities.
• CEO optimistic about continued growth in 2023.

Negative

• None.

LOS ANGELES, March 8, 2023 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, announced that they have finalized various brand promotional deals in February 2023. The talent includes (but is not limited to) names such as Mitchell Schwartz (NFL player), Sarah Stage (Model), T. J. Houshmandzadeh (NFL player), King Chip (rapper), Brady Quinn (NFL player), James Develin (NFL player), Michael Bivins (Singer), Maggie MacDonald (YouTuber), Grant Horvat (Golfer), Rob Ninkovich (NFL player), Kati Morton (YouTuber), Amy Dumas (WWE wrestler), and Brock Holt (MLB player).

"The recent deal flow has been very promising" said Amir Ben-Yohanan, CEO of CMGR. "The agency growth has continued into 2023 and we are bullish on the future."

Visit us @ clubhousemediagroup.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 brands did Clubhouse Media Group finalize deals with in February 2023?

Clubhouse Media Group finalized promotional deals with a variety of influencers, including NFL players such as Mitchell Schwartz, T.J. Houshmandzadeh, and Rob Ninkovich.

What is the stock symbol for Clubhouse Media Group?

The stock symbol for Clubhouse Media Group is CMGR.

How does Clubhouse Media Group plan to grow in 2023?

Clubhouse Media Group plans to grow in 2023 by capitalizing on the promising deal flow and expanding its influencer engagement strategy.

What type of company is Clubhouse Media Group?

Clubhouse Media Group is an influencer-based social media firm and digital talent management agency.

What should investors consider about forward-looking statements in the press release?

Investors should consider that forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations.