Clubhouse Media Group, Inc. Contracts Over $1 Million In Brand Partnership Deals In March 2022

Rhea-AI Summary

Clubhouse Media Group (OTCMKTS: CMGR) announced a significant achievement, contracting over $1 Million in gross promotional brand partnership deals in March 2022 in collaboration with The Reiman Agency. This partnership aims to leverage the growing influencer market to drive effective marketing strategies for global brands. CMGR's CEO highlighted the ongoing relationship expansion with brands investing in social media, emphasizing the goal of maximizing marketing returns and increasing both short and long-term revenues.

Positive

• Contracted over $1 Million in brand partnership deals in March 2022.
• Partnership with The Reiman Agency enhances marketing strategy effectiveness.
• Expansion of relationships with brands actively investing in social media.

Negative

• None.

LOS ANGELES , April 4, 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 $1 Million in gross promotional brand partnership deals in March 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. 

"The consistent growth of the agency business reflects the increasing concentration of brands in reaching target consumers most effectively," said Alden Reiman, CEO of The Reiman Agency.  "We see an opportunity to provide best-in-class service to companies that expect maximum return on marketing dollars.  In doing so, we believe the compounding effect of championing brands is a catalyst to significant increases in both short and long-term revenue."

"Our agency business, alongside The Reiman Agency, is starting to take off" said Amir Ben-Yohanan, CEO of CMGR.  "We are continuing to strengthen our relationships with many brands who are actively spending money in the social media space.  Our goal is to continue to expand this network and to increasingly add value to brands by directing their spend in the most effective way."

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.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What recent achievement did Clubhouse Media Group (CMGR) announce?

CMGR announced contracting over $1 Million in brand partnership deals in March 2022.

Who is Clubhouse Media Group partnering with for marketing campaigns?

CMGR is partnering with The Reiman Agency for promotional brand partnerships.

How does CMGR plan to enhance marketing effectiveness?

CMGR aims to maximize marketing returns by expanding relationships with brands and leveraging influencer marketing.

What is the significance of CMGR's recent contracts?

The contracts represent a significant revenue generation effort, emphasizing growth in CMGR's agency business.