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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 Inks Exclusive Deal with Austin Mahone, Bringing Superstar Singer/Songwriter into the Clubhouse Media Influencer Ecosystem

Wed 17th February, 2021 1:00pm
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LOS ANGELES, Feb. 17, 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 global
aggregate social media reach of over 100 million followers, is excited to
announce the signing of an exclusive social media consulting deal with
international superstar singer and songwriter Austin Mahone.

Mahone has been topping the charts for the last decade, becoming one of the
most recognizable icons in pop culture over recent years, now boasting more
than 36 million followers combined across social platforms, surpassing 615
million worldwide streams to date on Spotify alone, and amassing over 1
billion YouTube total views.

The collaboration will officially launch with Mahone moving into Clubhouse BH,
the Company’s popular LA-based social content creation house. Doiyen
Management, the Company’s in-house digital talent incubator and influencer
management business, will work with Mahone and his current longstanding music
management team at Chase Entertainment, led by founder Michael Blumstein.

"I love connecting with my fans via social media – it has been a big part of
who I am from the very beginning,” remarked Mahone. “This partnership is
super exciting to me because it meets in the intersection of my music career
and the digital space, two of my passion points. I hope to create even more
exciting content to share with my followers and engage with them in impactful
ways. I can't wait to get started!"

Mahone will join Doiyen’s roster of popular digital native influencers,
including professional race car driver Lindsay Brewer, YouTube sensation
Gabriella Saraivah, TikTok dancer Michelle Kennelly, TikTok lip sync and dance
content creator Jake Kuhlman, and many more who have a total reach of over 78
million. The partnership will further cement Clubhouse Media Group as a leader
in the digital talent and incubator space.

Chase Entertainment, a boutique music management firm, has managed Austin
Mahone since the beginning of his career. The firm also currently manages
Platinum recording artist Pia Mia and has been instrumental in launching the
careers of huge acts such as T-Pain, B.o.B. and Kiiara to name a few. The new
deal will focus on elevating Austin’s social media platforms and further
amplify his voice as a global recording artist.

“We’re excited to team up with Doiyen to help take Austin’s social media
to the next level,” says Michael Blumstein. “The Doiyen team really
understands the intricacies of platforms such as TikTok and Instagram. They
have an incredible roster of influencers who are the taste makers of social
media. They truly compliment Austin’s career as a global recording artist.
We look forward to what the future brings.”

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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