Clubhouse Media Group, Inc. Announces Hiring of Veritone One Alumni, Tyler Wentz and Alex DeVito to The Reiman Agency

LOS ANGELES, Oct. 27, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that Tyler Wentz and Alex DeVito, former Veritone One alumni, have finalized their agreements and are joining The Reiman Agency (a majority held CMGR entity). Wentz is a graduate of Penn State University with years of experience in the media industry. Following positions in promotions and sales, with CBS Radio and Hearst Media respectively, he went on to lead direct to consumer brand campaigns at leading agencies within the audio and influencer space by strategically aligning client goals with multi-channel executions. DeVito brings with him years of experience in sports entertainment, sports gambling and advertising, with prior work in digital and social media at Breeders' Cup LLC, NBC Sports and the WWE.

"I welcome seasoned media alumni Tyler Wentz and Alex DeVito to The Reiman Agency" said Alden Reiman, President of The Reiman Agency. "Our thoughtful expansion comes with the responsibility to elevate our suite of services to our brand, talent, and property partners. Both Tyler and Alex will allow us to accomplish this and, in doing so, act as catalysts of revenue growth to the benefit of our shareholders."

"Tyler's business expertise and industry relationships will allow us to explore new revenue streams" said Amir Ben-Yohanan, Chief Executive Officer of CMGR. "While our current sales force (consisting of two former CAA alum and two former Veritone One alum) focuses on transactional deals with brands and talent, Tyler's attention will be directed towards potential opportunities to manage various brands ad spend budgets across multiple channels. Paired with Alex's experience in servicing and execution of such contracts, I see great potential in the months ahead."

"I am excited to begin collaborating with The Reiman Agency and Clubhouse Media Group in what I know will be a thriving partnership as a driving force in the media industry, both immediately and for years to come," said Tyler Wentz.

"After working in advertising over the past several years I am lucky to be joining the team at the Reiman Agency," said Alex DeVito. "This is an exciting opportunity to be a part of the culture they've built, and I am eager to help with the growth of the agency in the future."

CMGR represents the future of influencer media and marketing, with a global network of professionally run content houses, each with its brand, influencer cohort, and production capabilities. Collectively, CMGR reaches more than 400 million followers. CMGR 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.

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR 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 CMGR'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 CMGR's 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 caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.

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SOURCE Clubhouse Media Group, Inc.