CLUBHOUSE MEDIA GROUP INC - CMGR STOCK NEWS

Clubhouse Media Group (CMGR) finalized a brand promotional deal with fitness icon and social media star Sommer Ray, arranged through its subsidiary, The Reiman Agency. Ray, who has over 26 million Instagram followers, aligns with CMGR's strategy to leverage influencer partnerships to enhance brand marketability. President Alden Reiman expressed enthusiasm for future collaborations, highlighting Ray's engaged audience as a valuable asset for brands. The press release included a forward-looking statement that cautioned investors about the inherent risks and uncertainties associated with CMGR's future performance.

Clubhouse Media Group has successfully reduced its outstanding debt by $104,000, bringing the total remaining debt to approximately $4.65 million (excluding accrued interest). This debt reduction underscores the company's commitment to strengthening its balance sheet, as stated by CFO Scott Hoey. The company specializes in influencer marketing and digital talent management, providing various services including deal-making and management for influencers and brands.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced a reduction of approximately $350,000 in its outstanding debt, which now totals around $4.75 million (excluding accrued interest). This is the second debt reduction secured in December 2022, as the company aims to strengthen its balance sheet for long-term success. The CFO, Scott Hoey, indicated ongoing discussions with other noteholders to further alleviate debt burdens. Clubhouse Media focuses on influencer-based social media services and digital talent management.

Clubhouse Media Group (OTCMKTS: CMGR) announced a finalized promotional deal with a cast member from MTV's Jersey Shore, enhancing its influencer network. This agreement underscores CMGR's strategy of partnering with recognizable reality TV stars, which CEO Amir Ben-Yohanan highlights as valuable for brands seeking relatable marketing figures. With Jersey Shore's iconic status since 2009, this collaboration is one among several the company has established in the influencer space, emphasizing its commitment to driving brand visibility and influence.

On December 13, 2022, Clubhouse Media Group (CMGR) announced a significant reduction in its debt by approximately $475 thousand. The company's remaining outstanding debt stands at about $5.1 million, excluding accrued interest. CFO Scott Hoey stated that the debt reduction is a milestone towards eliminating most outstanding liabilities. Clubhouse Media operates in the influencer-based social media sector, providing management services and investment opportunities related to digital talent.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced a brand promotional deal with former NFL star Vernon Davis, solidifying their relationship through The Reiman Agency. This is the second collaboration between CMGR and Davis, reflecting the company's strengthening ties in the influencer market. Davis, a Super Bowl Champion and media personality with over 1.1 million Instagram followers, adds significant visibility to CMGR's digital talent management services. CEO Amir Ben-Yohanan emphasized recent successes with NFL players as a testament to their growing influence in the industry.

Clubhouse Media Group (CMGR) reported continued growth for HoneyDrip.com in November 2022. Key metrics include a 10% increase in active performers and users, a 13% rise in content posts, and an 8% increase in creator applications. Danche Prokopov, General Manager, expressed confidence in the platform's enhancements and community engagement, attributing it to the sustained growth. The platform focuses on empowering creators to connect with fans and monetize exclusive content, positioning CMGR as a leading player in the influencer-based digital space.

Clubhouse Media Group (CMGR) has announced the finalization of a brand promotional agreement with former NFL linebacker London Fletcher. Notably, Fletcher, who played 16 seasons in the NFL, is recognized for his durability, having participated in over 250 consecutive games. CMGR's President highlighted the collaboration with Maxx MGMT, indicating that it enhances their service offerings to top brands. The company specializes in influencer management, production, and deal-making within the social media space.

On November 22, 2022, Clubhouse Media Group, Inc. (CMGR) announced that CEO Amir Ben-Yohanan converted $1,808,167 in personal debt into 4,520,417,475 shares of common stock, priced at $0.0004 each. This debt reduction aims to enhance the company's balance sheet and progress toward uplisting to a national exchange, such as Nasdaq. However, no assurance is provided regarding future listings. CMGR operates within the influencer media sector, managing a network that collectively reaches over 400 million followers, offering talent management and production services.