Clubhouse Media Group, Inc. Contracts In Excess of $2 Million In Brand Partnership Deals During Past 3 Months

Rhea-AI Summary

Clubhouse Media Group (CMGR) announced it has contracted over $2 million in promotional brand partnership deals in March, April, and May 2022, through a collaboration with The Reiman Agency. The partnership aims to engage audiences with innovative marketing campaigns featuring digital influencers and celebrities. CMGR's CEO, Amir Ben-Yohanan, expressed optimism about transitioning brands from traditional marketing to digital strategies, indicating ongoing growth as the second quarter concludes.

Positive

• Secured over $2 million in brand partnership contracts.
• Partnership with The Reiman Agency enhances marketing capabilities.
• Growing interest from larger brands in digital marketing.

Negative

• None.

LOS ANGELES, June 2, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that in partnership with The Reiman Agency, they have contracted over $2 Million in gross promotional brand partnership deals in the months of March, April and May 2022. Through their partnership, CMGR and The Reiman Agency work with global brands to engage audiences through unique marketing campaigns that feature both top digital influencers and celebrities. 

"As we approach the tail-end of the second quarter, I am encouraged by our continued growth" said Alden Reiman, CEO of The Reiman Agency. "I'm thrilled by the overwhelming potential to become leaders in the branding and endorsement vertical."

"The team is energized, and it shows in the recent results" said Amir Ben-Yohanan, CEO of CMGR. "We are building relationships with many of the larger brands who are transitioning away from traditional marketing channels such as print and radio, and instead using digital marketing campaigns to advertise their products and services."

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 assume no obligation to update any forward-looking statements contained in this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clubhouse-media-group-inc-contracts-in-excess-of-2-million-in-brand-partnership-deals-during-past-3-months-301559966.html

SOURCE Clubhouse Media Group, Inc.

FAQ

What is the recent contract amount announced by Clubhouse Media Group (CMGR)?

Clubhouse Media Group announced contracts exceeding $2 million in brand partnership deals.

When were the brand partnership deals contracted by CMGR?

The brand partnership deals were contracted in March, April, and May 2022.

Who is the CEO of Clubhouse Media Group?

The CEO of Clubhouse Media Group is Amir Ben-Yohanan.

What type of agency is Clubhouse Media Group?

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

What does CMGR focus on in its marketing strategy?

CMGR focuses on transitioning brands to digital marketing campaigns, moving away from traditional channels.