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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 Vegas Market with Launch of “Society Las Vegas” 10K Sq. Ft. Las Vegas Content Mansion

Wed 24th February, 2021 1:00pm
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LOS ANGELES, Feb. 24, 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 official launch of its newest
major content house, “Society Las Vegas,” a luxurious 10,000-square-foot
mansion optimally located in central Las Vegas.

“Society Las Vegas is destined for greatness,” commented Chris Young,
Co-Founder of Clubhouse Media Group. “The mansion is stunning and sits right
in the heart of Vegas. We already have talented influencers in the house
gaining rapid traction, and we are actively working to dramatically expand
that traction through collaborative activity with heavily followed top
influencers at other Clubhouse locations as well as the coming addition of new
stars to the permanent roster at Society Las Vegas.”

Society Las Vegas launched in early February and its influencers have already
courted a large aggregate following on both TikTok and Instagram. Top
influencers from Just a House and Clubhouse BH have already visited the Las
Vegas location multiple times in recent weeks to collaborate with the goal of
further expanding social media reach across all platforms, including TikTok,
YouTube, Instagram, Twitter, Clubhouse App, and Snapchat.

The Company is also preparing to add established star influencers to the new
location over the very near term and is actively looking for additional
properties in Las Vegas to further expand its presence in the Neon Capital.

Young added, “We believe expanding into the Vegas market will represent a
powerful catalyst for growth because it diversifies our reach into the 21-plus
age bracket and engages followers with higher average household income levels,
which complements our current influencer end-market footprint and gives us
access to a fresh field of valuable branding opportunities.”

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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