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

PR Newswire

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."

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.

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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.

SOURCE Clubhouse Media Group, Inc.