CMGR - Clubhouse Media Group Inc. Closes Brand Promotional Deal With Under Armour Iconic Sportwear Company

PR Newswire

LOS ANGELES , Sept. 20, 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 one of the world's largest sportwear companies, Under Armour. The company is headquartered in Baltimore, Maryland and was founded over two decades ago. They produce a wide range of athletic wear including (but not limited to) shoes, t-shirts, pants, jackets, gloves, hats, protective gear, etc. The company has grown to compete with household names in the industry such as Adidas and Nike. In 2022 the company reported revenues of $5.9+ billion. Under Armour has 15k+ employees worldwide and is publicly traded on the New York Stock Exchange.

"Under Armour is a major league brand", said Amir Ben-Yohanan , CEO of CMGR. "Its always exciting when our agency closes deals with companies of this caliber. We are really making a name for ourselves in the industry and attracting business from well-known, worldwide brands."

Visit us at www.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.

SOURCE Clubhouse Media Group, Inc.