Clubhouse Media Group Issues Shareholder Letter on Recent Events and the Exciting Road Ahead
February 02 2021 - 8:00AM
InvestorsHub NewsWire
Clubhouse Media Group Issues Shareholder Letter
on Recent Events and the Exciting Road
Ahead
LOS
ANGELES, CA -- February 2, 2021 -- InvestorsHub NewsWire --
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, issues the following Letter to Shareholders
from the CEO:
Dear Valued
Shareholder,
First off, I want to start out by expressing our
gratitude to our committed shareholders. We had a bold vision, and
we laid that vision out last summer and throughout the fall in our
communications. Along the way, we have benefitted from your
patience and commitment as we ramp up what we truly believe is one
of the most exciting and forward-looking business models available
to investors today.
A
lot of promise is building under the surface now that our reach has
expanded to an unprecedented scope across major social media
platforms. That reach, as we recently reported, has surpassed one
billion impressions per month, which may make Clubhouse Media
unique in the world in terms of our ability to bring a massive and
coordinated social media base to bear on our projects and for our
clients and partners.
As
our influencer reach expands, we are also expanding in terms of our
geographic reach, our end-market demographics, and our Clubhouse
Media identity as a brand among potential clients and partners,
which is a powerful driver of our initial phase of
monetization.
In
the first case, as previously disclosed, we are moving toward
establishing a physical presence in the Las Vegas market.
Geographic expansion is part of our model. Having a physical
presence in different locations allows for influencers who are
attached to communities that are very different from southern
California or Mediterranean Europe.
That leads into the second point: we are
expanding in terms of our branding potential on an end-market
demographic basis, which widens the product categories we can
market with unique value. For example, by expanding into the Las
Vegas marketplace, we expect to have a strong window into new
product markets such as spirits, casinos, luxury accommodations,
live sports, and travel, among others. This will become a theme
with other important geographic expansions as
well.
In
addition, we are expanding in terms of our own presence in the
media and marketing space. Our relationship field is widening, and
we are taking steps to push that threshold further and faster. For
example, we will be a key invested sponsor of Lindsay Brewer when
she takes to the racetrack as one of the most dynamic new stars of
the global professional motorsports marketplace. Lindsay is one of
our key influencers and her partnership with Skip Barber Racing
will put her in the living room of 100 million viewers worldwide in
the SRO World Challenge, with our branding and logo on her car and
helmet.
Our
ability to drive value for externally owned brands is the first
step in our monetization process, and that has already gotten
underway, with branding deals with a wide variety of global
top-tier brands and companies.
However, the next step is even more exciting, as
we move toward an expanded model that allows us to form key
strategic partnerships with partners who have established
production and distribution capacity for new products and services,
and where we join at the ground level and retain equity ownership
in new branding opportunities, bringing our huge social media
product marketing reach to the table to drive that
value.
As
we continue to grow and execute, our success thus far has been a
team effort from a special group of talented players, including
Simon Yu, our exceptional COO, who has been instrumental from the
ground up, and Christian Young, President of Clubhouse Media Group
and former Manager and associate founder of the Hype House, who
continues to drive results every day.
Finally, we are also expanding our presence over
social media to include the growing Reddit hub, which represents a
leadership presence in the decentralized social media landscape. If
you are active on Reddit, you can access our page at
reddit.com/r/ClubhouseMGR.
Once again, I want to express how grateful we
are to our stakeholders for your support. Our primary objective is
to drive shareholder value through the unique and promising model
we have built here at Clubhouse Media, and I look forward to
updating you again very soon as we accomplish new
milestones.
Best Regards,
Amir Ben Yohanan
Chief Executive Officer
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.
Please follow us on Twitter: twitter.com/ClubhouseCMGR?s=20
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
info@TigerGMP.com
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