Clubhouse Media Group, Inc. Closes Numerous Brand Deals In September & October 2022

Rhea-AI Summary

Clubhouse Media Group (OTCMKTS: CMGR) announced the finalization of various brand promotional deals in September and October 2022, involving several high-profile talents including NFL players, actors, and entrepreneurs. CEO Amir Ben-Yohanan emphasized leveraging industry relationships to maximize deal flow. CMGR specializes in influencer management, production, and deal-making services for its influencers, along with investment opportunities within the social media influencer sector. The release also contains forward-looking statements regarding future performance and associated risks.

Positive

• Finalized multiple brand promotional deals with high-profile talents, potentially enhancing revenue.
• Leverage of strong industry relationships to facilitate ongoing deal flow.

Negative

• Forward-looking statements indicate uncertainty in achieving projected financial performance.

LOS ANGELES, Jan. 12, 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 September and October 2022. The talent includes (but is not limited to) names such as Josh Peck (actor), Vernon Davis (NFL player), LeGarrette Blount (NFL player), Steven Jackson (NFL player), Thomas Davis (NFL player), Murda Beatz (record producer), Josh Altman (reality TV star), Mario Chalmers (NBA player), Baron Davis (NBA player), Bethenny Frankel (entrepreneur), London Fletcher (NFL player), Nick Swisher (MLB player), Kirk Goldsberry (writer), and Vinny Guadagnino (reality TV star).

"We are leveraging our long-standing relationships in the industry to maximize the deal flow and get deals finalized with top talent across the landscape" said Amir Ben-Yohanan, CEO of CMGR. 

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 in September and October 2022?

Clubhouse Media Group finalized various promotional deals with notable talents including NFL players and actors during September and October 2022.

What is the significance of the brand deals for CMGR's future?

The finalized brand deals are expected to enhance revenue streams and solidify CMGR's presence in the influencer marketing space.

Who are some talents involved in CMGR's recent brand deals?

Talents involved include Josh Peck, Vernon Davis, LeGarrette Blount, and Bethenny Frankel, among others.

What does CMGR specialize in?

CMGR specializes in influencer management, production, and deal-making services for influencers.

What risks are associated with CMGR's forward-looking statements?

CMGR's forward-looking statements come with risks including economic conditions, competition, and regulatory changes that could affect performance.