Clubhouse
Media Announces
Fully Executed
LOI
to
Acquire
Top
Global
Meme
Account, Picking
Up 7-figure Net Income and a
Billion
Monthly
Impressions
LOS ANGELES, CA
-- March 3, 2021 -- InvestorsHub NewsWire
-- 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 signing of
a non-binding
Letter of Intent
(the "LOI") on February
28th
2021
for the
acquisition of "The Tinder Blog" (Instagram.com/thetinderblog)
("TTB"), one of the largest and most
successful Instagram meme accounts in the world.
The Tinder Blog
is an official partner of Facebook.
The Tinder Blog
boasts over 4.2 million followers accrued over its six-year
existence and an annual net income
in excess
of one million dollars
on
more than
one
billion web
impressions per month. The Tinder Blog has also
attracted major advertisers, including McDonald's, Amazon Prime, Dunkin
Donuts, and Samsung, among others.
The Tinder Blog
was founded and cultivated by Joseph Yomtoubian, a Los Angeles native, MBA,
and finance consultant who launched the page in 2015.
"This is a
significant
deal
for
Clubhouse because we have been actively
looking to expand our reach beyond traditional
influencers
to
incorporate and reach more
channels,
niches, and outlets in the social
media landscape," commented Chris Young, Co-Founder of
Clubhouse Media Group. "Joseph is a wealth of
knowledge that can't be taught.
He is widely regarded
as
a
leading
Instagram and
social media expert. We feel The Tinder Blog is an
ideal match that offers tremendous complementarity within
the constellation
of our current social media
reach and Intellectual
Property portfolio. The Tinder
Blog's
evergreen content creates a natural
long-tail business. Combined with
hyper-loyal fandom, these aggregator accounts make for highly
sustainable and scalable businesses that complement our mission and
portfolio."
Management notes
that the Company's recent acquisition of Magiclytics
offers additional
value in
the course of acquiring and
monetizing
a
multi-channel-network strategy spanning social media
platforms.
Magiclytics
leverages
a
massive database
and predictive analytics
driven by
proprietary
AI and
machine-learning technology to project
returns from
product-influencer pairings in social media marketing
campaigns. Clubhouse Media Group will be
able employ Magiclytics
technology
to further identify optimal accounts to acquire
across
multiple
social media
platforms and to maximize revenues from
acquired accounts, including The Tinder Blog, following acquisition
and integration into the Clubhouse Media ecosystem.
The Company plans
to acquire additional aggregator accounts in the months ahead,
including deals in the comedy, travel,
pet, and personal health
market
segments. Management believes these
accounts represent an opportunity
for long-tail appeal with
robust
engagement
and
significant
long-term recurring revenue
stream
potential.
Young added, "For
some perspective, the only other meme
page acquired before
this,
according to our research, was Daquan, which was acquired
by Warner
Music Group in 2020 for $85 million. At the time of the
acquisition, Daquan had approximately 6.7 million
followers and about 3 billion impressions per
month. At
present,
TTB doesn't trail those metrics by much,
and we believe it has the potential to
flourish in the
Clubhouse Media ecosystem, and to provide our shareholders with
immense value in the process."
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