Tongji Healthcare Group, Inc. Signs Definitive Agreement to Acquire Magiclytics, Disruptive Platform for Influencer-Based Mar...
December 09 2020 - 8:00AM
InvestorsHub NewsWire
LOS
ANGELES, CA -- December 9, 2020 -- InvestorsHub NewsWire -- Tongji
Healthcare Group, Inc. (OTCMKTS:TONJ)
(Name Change to “Clubhouse Media Group, Inc.” currently pending)
(“Tongji”, “Clubhouse” or the “Company”), is excited to announce
the signing of a Definitive Agreement (the “Agreement”) to acquire
Magiclytics, one of the world’s first Influencer-Based Marketing
Revenue Prediction Software platforms.
“Magiclytics solves one of the largest problems
in Influencer-based Marketing,” commented Amir Ben Yohanan, CEO at
Tongji. “Brands lack visibility into return potential when
investing in influencer-based marketing campaigns. Without
visibility, strategic decisions end up being left to coin-toss
analytics. But Magiclytics provides that visibility through machine
learning and artificial intelligence to provide a guide when trying
to determine which influencers to bring into the equation and how
much of the market a particular brand can hope to access through
the strategy.”
Magiclytics currently predicts return on
investment (“ROI”) on both the Instagram and TikTok platforms.
Through advanced analytics, machine learning and AI, the
Magiclytics platform is designed to allow brands to identify which
influencers to work with and to provide guidance on revenue
generation potential through influencer campaigns. The Company
anticipates the addition of Magiclytics will help its current brand
deals become more scalable and efficient as well as add an
additional source of revenue to the
Company.
Magiclytics was co-founded by Wilfred Man, who
has been a Marketing Director and Social Intelligence Analyst for
over 13 years, and Christian Young, who had previously founded and
sold multiple companies in the E-Commerce and Software space, and
has worked as an Advisor and Entrepreneur in Residence for venture
funds Amplify.LA and Lamppost Group. For the past two years
the company has been in stealth mode, and has gathered millions of
data points from dozens of companies, and has already had success
with over a dozen private beta clients in the health and beauty,
fashion, consumer electronics, and music
space.
Through its acquisition of West of Hudson Group,
Inc., the Company now boasts an influencer team carrying an
aggregate estimated base approaching 100 million followers within
its network. The Company owns “The Clubhouse” - an established
network of four (4) social media content creation houses
(“Clubhouse BH”, “Clubhouse Europe”, and two “Not a Content House”
locations) that has already received organic media coverage from
New York Times, The Atlantic, Business Insider, Cosmo, Seventeen
and Forbes.
About Tongji Healthcare Group, Inc. (Soon to be
“Clubhouse Media Group, Inc.”)
The Company previously operated
Tongji Hospital, a general hospital with 105 licensed beds,
offering a variety of medical care treatment areas. However, the
Company is moving entirely into the social media branding
marketplace through its recent acquisition of West of Hudson Group,
Inc. The Company plans to change its name to “Clubhouse Media
Group, Inc.” in the near future to better align with its new
business plan.
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.
Contact
Simon Yu, MBA
Phone: +1-702-479-3016
Wire Service Contact
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
Public Relations:
Tiger Marketing & Branding
Agency
info@TigerGMP.com
www.TigerGMP.com
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