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CMGR - Clubhouse Media Inc News Story

$5.97 -0.2  -3.7%

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Consumer Cyclicals
Mid Cap
Market Cap £413.4m
Enterprise Value £414.9m
Revenue £717k
Position in Universe 3374th / 6846

Clubhouse Media Bolsters Advisory Board with Addition of Partner at Legendary VC Firm Andreessen Horowitz

Tue 6th April, 2021 1:00pm
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LOS ANGELES, CA, April 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire --
Clubhouse Media Group, Inc. (OTCMKTS:CMGR) (“Clubhouse Media” or the
“Company”), an influencer-based marketing and media firm with a vast
aggregate global social media reach, is excited to announce that Andrew Omori,
partner at renowned venture capital firm Andreessen Horowitz (,
is coming on board as a key member of the Company’s official Advisory Board.
Andreessen Horowitz is well known for leading investments in hit social audio
app, Clubhouse, as well as Airbnb and Coinbase.

Andrew is a partner at Andreessen Horowitz (“a16z”), one of Silicon
Valley’s most prominent and successful venture capital firms, with $17.6
billion in assets under management. Prior to joining a16z, Andrew served as a
VP at JMP Group and as a successful technology investment banker.

Andrew has dedicated his career to helping technology companies scale and has
worked with a variety of social companies including Snap, Pinterest, Roblox,
and the Clubhouse app. His current firm, a16z, was founded by tech titans Marc
Andreessen (co-founder of Netscape) and Ben Horowitz (best-selling author and
founder of Opsware).

As an early-stage investor in Facebook, Instagram, Lyft, Slack, Oculus VR,
Roblox, and many other successful breakthrough technology companies, a16z has
developed a reputation for spotting core trends in their early stages and
identifying landmark opportunities ahead of the crowd. The firm has also been
a significant investor in pre-IPO fintech unicorn, Robinhood.

“In coordinating influencer-based marketing and media into a larger and more
scalable technology-augmented platform, we are doing something new and
innovative,” noted Chris Young, President of Clubhouse Media. “Andrew will
be a tremendous asset as we scale this model and pursue optimal pathways for
monetizing the huge reach we have already built. He will also be instrumental
in providing access to relationships, branding opportunities, and partnerships
that hold the potential for further gains in shareholder value.”

Clubhouse Media does not own, and is not otherwise affiliated with, the
Clubhouse app.

About Clubhouse Media

We believe Clubhouse Media represents the future of influencer media and
marketing, with a global network of professionally run content houses, each of
which has its own brand, influencer cohort and production capabilities.
Clubhouse Media 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. Clubhouse Media’s management
team consists of successful entrepreneurs with financial, legal, marketing,
and digital content creation expertise.

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FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements"
within the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking statements also may
be included in other publicly available documents issued by the Company 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 the Company'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
products and services of the company, 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 report.

Corporate Contact
 Simon Yu, MBA
 Phone: +1-702-479-3016

Investor Relations
 Tiger Marketing & Branding Agency

Wire Service Contact
 InvestorWire (IW) 
 Los Angeles, California
 212.418.1217 Office

GlobeNewswire, Inc. 2021
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