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CMGR - Clubhouse Media Inc News Story

$6 -0.5  -7.8%

Last Trade - 11/05/21

Consumer Cyclicals
Mid Cap
Market Cap £433.3m
Enterprise Value £434.8m
Revenue £716k
Position in Universe 3332nd / 6853

Clubhouse Media Group Expands into Booming Orlando Market with Major New Creator Hub

Tue 9th March, 2021 1:00pm
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LOS ANGELES, March 09, 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 the Company’s
expansion into the dynamic and rapidly growing Orlando market with the
upcoming launch of a new content creation Clubhouse location in Florida.

Management believes the Florida market provides access to enormous
complementarity and upside in branding opportunities. Besides being the theme
park capital of the world, with ties to huge global brands like Disney,
Marvel, Universal Studios, ESPN and SeaWorld, Orlando also plays a central
role in Florida’s massive tourism market and is growing at four times the
rate of growth of the United States, and the second fastest growth rate of the
30 largest cities in America.

Orlando is also the home of the Playlist Live annual convention, which will be
held in Orlando, Florida, in early September. Playlist Live is one of the most
significant events of the year for the social media creator space.

“With each expansion step, we push the growth ceiling higher by pushing into
new markets, new demographics, and new branding opportunities,” commented
Chris Young, Co-Founder of Clubhouse Media Group. “Orlando is a dynamic and
rapidly growing marketplace, with a huge international presence and massive
ties to the theme park, live sports, resorts, recreation, and nightlife
markets. It will also put Playlist right in our backyard.”

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

Clubhouse Media Group PR
 Mike Stommel
 Lucky Break Public Relations 
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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