Clubhouse Media Group, Inc. Closes Numerous Brand Deals In November & December 2022

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced the finalization of several brand promotional deals in November and December 2022. The deals feature influencers such as Joey Fatone, The Game, Whitney Cummings, and Sommer Ray. CEO Amir Ben-Yohanan noted an increase in deal volume and the caliber of talent as relationships with larger brands strengthen. CMGR specializes in managing influencers and offers production and investment services in the social media influencer sector.

Positive

• Finalized multiple brand promotional deals in late 2022.
• Incorporated high-profile influencers, enhancing brand appeal.
• CEO indicates increasing deal volume and improved talent caliber.

Negative

• None.

LOS ANGELES, Jan. 5, 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 November and December 2022. The talent includes (but is not limited to) names such as Joey Fatone (previous member of NSYNC), The Game (rapper), Whitney Cummings (comedian), Amy Dumas (WWE wrestler), Zuri Hall (actress), Tom Sandoval (reality TV star), Emma McDonald (social media creator), Lee Rosbach (TV personality), Jonathan Cheban (TV personality / Kardashian friend), Sommer Ray (social media star) and Mitchell Schwartz (NFL player).

"We're seeing a greater volume of deals coming down the pipeline," said Amir Ben-Yohanan, CEO of CMGR. "As we deepen our relationships with some of the larger brands, we find ourselves finalizing deals with higher caliber talent overall."

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 brand deals did Clubhouse Media Group finalize recently?

Clubhouse Media Group finalized various brand promotional deals featuring influencers like Joey Fatone and The Game in November and December 2022.

Who are some influencers involved in CMGR's recent deals?

Recent deals involve influencers such as Whitney Cummings, Sommer Ray, and Amy Dumas.

What is the significance of CMGR's recent promotional deals?

The deals enhance CMGR's brand visibility and indicate a growing relationship with larger brands.

What does CMGR do?

Clubhouse Media Group offers management and production services for influencers and engages in investment ventures in the social media influencer market.

What did CMGR's CEO say about their future?

CEO Amir Ben-Yohanan mentioned an increase in deal volume and higher caliber talent as they deepen relationships with brands.