Clubhouse Media Group, Inc. Closes Promo Deal With Nate Duncan, NBA Podcast Host

Rhea-AI Summary

Clubhouse Media Group (OTCMKTS: CMGR) announced on March 14, 2023, a brand promotional deal with Nate Duncan, an NBA podcast host known for his detailed game analysis and the NBA CBA Flashcard tool. This partnership aims to enhance CMGR's service offerings to leading brands and expand its influence in the sports podcasting realm. Alden Reiman from The Reiman Agency praised the collaboration, highlighting the expertise of Maxx MGMT's team. CMGR focuses on managing influencers and engaging in joint ventures within the social media space, which may drive future growth and revenue opportunities.

Positive

• Finalized promotional deal with Nate Duncan enhances CMGR's brand reach.
• Collaboration expected to boost services to top brands.
• Strategic alignment with growing sports podcasting market.

Negative

• None.

LOS ANGELES, March 14, 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 Nate Duncan. Duncan hosts an in-depth NBA podcast featuring detailed game breakdowns, salary cap analysis, and scouting.  He is also the creator of the NBA CBA Flashcard tool which helps others understand the intricate details of the NBA Collective Bargaining Agreement.

"It's always a pleasure to work with Maxx Lepselter and Alec Scazafave at Maxx MGMT" said Alden Reiman, President of The Reiman Agency.  "They are best in class and our partnership has allowed us to bolster our services to top brands."

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 is the recent promotional deal announced by CMGR?

Clubhouse Media Group finalized a promotional deal with NBA podcast host Nate Duncan to enhance brand services.

When was the promotional deal with Nate Duncan announced?

The deal was announced on March 14, 2023.

Who is Nate Duncan in relation to CMGR?

Nate Duncan is an NBA podcast host known for detailed game analysis, partnering with CMGR to promote brands.

What impact does the deal with Nate Duncan have on CMGR?

The deal is expected to expand CMGR's influence and service offerings within the sports podcasting sector.

What does CMGR focus on as a company?

CMGR offers management and production services for influencers and invests in joint ventures in the social media space.