CLUBHOUSE MEDIA GROUP INC - CMGR STOCK NEWS

Clubhouse Media Group, Inc. (CMGR) reported significant month-over-month growth for its platform, HoneyDrip.com, in August 2022. Key metrics highlighted include a 19% increase in active performers, a 22% rise in content posts, a 10% boost in active users, and a 5% uptick in creator applications. This growth reflects the platform's focus on empowering creators to monetize exclusive content and engage more deeply with their fans. The company's general manager praised the influx of talented creators joining, which enhances content offerings and competitiveness against rivals like OnlyFans.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) has finalized a brand promotional deal with Torrie Wilson, a renowned model and WWE Hall of Famer. With over 1 million Instagram followers, Wilson, who is also a fitness instructor and blogger, is expected to boost CMGR's brand visibility. Julia Salmon, Sales Agent at The Reiman Agency, expressed enthusiasm about the collaboration. CMGR provides management and deal-making services to influencers, which may enhance their market presence following this partnership.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced the hiring of Elliot Schwartz, a former CAA employee, to join The Reiman Agency, a majority-owned venture of CMGR. Julia Salmon has been promoted to agent, enhancing the agency's capabilities. Schwartz aims to add value to clients and drive new business. CMGR, focused on influencer media and marketing, reaches over 400 million followers and offers comprehensive management and production services for influencers. The company cautioned about reliance on forward-looking statements due to inherent risks and uncertainties.

Clubhouse Media Group, Inc. (CMGR) has announced the finalization of brand promotional deals with NFL stars Brandon Jacobs, Ty Law, and Adam 'Pacman' Jones. Jacobs, a two-time Super Bowl champion, and Law, a three-time Super Bowl winner, along with Jones, a Pro Bowl selection, will enhance CMGR's influencer-based marketing strategy. CEO Amir Ben-Yohanan expressed satisfaction with the growing list of NFL partnerships and the sales team's efforts. CMGR focuses on influencer management, production services, and investment opportunities within the social media landscape.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) reported its Q2 2022 financial results, showcasing a remarkable 104% increase in net revenue, reaching $1,900,932 compared to $929,962 in Q2 2021. Operating expenses saw a significant decrease of 79% to $1,040,549. The operating loss dropped 90% to $492,977, while net loss decreased by 32% to $4,926,112. Management expressed optimism about future growth driven by enhanced brand partnerships and an expanding sales team.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) has finalized a brand promotional deal with Josh Altman, a prominent real estate investor and reality TV personality known for his appearances on Bravo!'s Million Dollar Listing and Keeping Up with the Kardashians. The agreement was facilitated through CMGR's majority-owned Reiman Agency, with positive remarks about the collaboration from Julia Salmon, Sales Executive at the agency. CMGR provides management and deal-making services for social media influencers, positioning itself strategically in the influencer marketing space.

On August 10, 2022, Clubhouse Media Group (CMGR) announced a brand promotional partnership with NFL legend Donovan McNabb through its subsidiary, The Reiman Agency. McNabb, known for his all-time records with the Philadelphia Eagles, brings significant influence and recognition to the partnership. Alden Reiman, President of The Reiman Agency, expressed optimism about future collaborations with McNabb. CMGR focuses on digital talent management and influencer services, aiming to enhance its market presence in the social media landscape.

Clubhouse Media Group, Inc. (CMGR) announced the establishment of a joint venture with Alden Reiman, CEO of The Reiman Agency, where CMGR holds a 51% stake. This partnership aims to leverage Reiman's extensive industry connections to accelerate growth. The Reiman Agency has successfully brokered high-profile deals for CMGR with notable brands like Walmart and Target over the past year. Executives from CMGR expressed optimism about the venture's potential to enhance shareholder value.

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) announced that fitness model Whitney Johns has joined its HoneyDrip.com platform, which focuses on empowering creators by facilitating exclusive content sales. The platform allows creators to connect directly with fans, distancing itself from competitors like OnlyFans. Whitney Johns, a notable fitness and cover model with a successful entrepreneurial venture in health supplements, expressed enthusiasm about her association with HoneyDrip.com. The company continues to support influencers and enhance creator-fan interactions.