GlobeNewswire Inc | Jul 14, 2021 08:00AM EDT

July 14, 2021

LOS ANGELES, July 14, 2021 (GLOBE NEWSWIRE) -- via InvestorWire Clubhouse Media Group, Inc. (OTCMKTS: CMGR) (Clubhouse Media or the Company), an influencer-based marketing and media firm, is pleased to announce continued broad-based growth in followers among its stable of leading global influencers, pushing the Companys total aggregate global social media reach to more than 400 million followers as of July 10, 2021.

We continue to see organic growth in followers as our influencers build their core communities and we benefit from cross-pollination of those communities through our unique Clubhouse model, noted Simon Yu, Co-Founder and COO of Clubhouse Media. We also continue to work hard every day to discover emerging social media stars with the potential to become top-tier global influencers.

The Company defines its aggregate global social media reach as the sum total of all followers across all social platforms of all of the Companys influencers added to the sum total of all followers across all social platforms of all of the Companys owned social media accounts.

As of July 10, 2021, the Company's total aggregate global social media reach stood at just over 400 million, with approximately 290 million followers on TikTok, 51.7 million followers on Instagram, 56 million followers on YouTube, 2.6 million followers on Snapchat, and 2 million followers on Twitter.

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 Medias 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". Forward-looking statements also may be included in other publicly available documents issued by Clubhouse Media 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 Clubhouse Medias 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 Clubhouse Medias products and services, 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 press release.

Corporate ContactSimon Yu, MBA Phone: +1-702-479-3016

Investor RelationsTiger Marketing & Branding Agency info@TigerGMP.com

Wire Service Contact InvestorWire (IW) Los Angeles, Californiawww.InvestorWire.com 212.418.1217 OfficeEditor@InvestorWire.com