Clubhouse Media Group, Inc. Closes Promo Deal With Klay Thompson, Four-Time NBA Champion

Rhea-AI Summary

Clubhouse Media Group (OTCMKTS: CMGR) announced a promotional partnership with Klay Thompson, a four-time NBA champion and five-time All-Star. This agreement is expected to enhance CMGR's digital advertising reach, leveraging Thompson's substantial social media presence, which includes 13.4 million Instagram followers. CEO Amir Ben-Yohanan highlighted the agency's growth and ability to make a significant impact in the advertising space, while Alden Reiman praised the collaboration with Thompson’s team.

Positive

• Partnership with Klay Thompson, enhancing brand visibility.
• Increased reach in digital advertising due to Thompson's large social media following.

Negative

• None.

LOS ANGELES, Sept. 27, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, announced that they have finalized a brand promotional deal with four-time NBA champion and five-time NBA All-Star, Klay Thompson.  Thompson was drafted by the Golden State Warriors in 2011.  He holds the NBA regular season records for most points scored in a quarter and most three-pointers made in a game.  Off the court, Thompson has become active on social media, boasting 13.4M followers on Instagram alone. 

"It was a pleasure to work with James Barry, and Klay's broader team at Wasserman," said Alden Reiman, President of The Reiman Agency.  "They are best in class and a key partner which has allowed us to bolster our services to top brands."

"The agency has been closing deals with brands and talent of the highest stature," said Amir Ben-Yohanan, CEO of CMGR.  "As we continue to grow our sales team, we can extend our reach and make a lasting impression in the digital advertising space."

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.

Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR

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 significance of CMGR's deal with Klay Thompson?

The deal is expected to significantly enhance CMGR's brand promotional reach and visibility in digital advertising.

How many followers does Klay Thompson have on social media?

Klay Thompson has 13.4 million followers on Instagram.

What are the potential impacts of the Klay Thompson partnership on CMGR?

The partnership could lead to increased brand awareness and sales for CMGR through Thompson's influence.

What is the stock symbol for Clubhouse Media Group?

The stock symbol for Clubhouse Media Group is CMGR.

When was the promotional deal with Klay Thompson announced?

The deal was announced on September 27, 2022.