Clubhouse Media Group (OTC: CMGR), an influencer-based marketing and media firm with a global aggregate social media reach of more than 100 million followers, has changed its name and stock symbol. Effective immediately, the company’s corporate name changed from TONJ to Clubhouse Media Group Inc., with its ticker symbol also changing from TONJ to CMGR. The changes were made after the company acquired Clubhouse Media Group in August 2020 and began a significant change in business model and management, moving from the healthcare space to the social media marketing space. Since the company’s transformation has begun, it has grown to include more than 100 million followers across multiple social media platforms and has generated broad interest and coverage. Company leaders believe that the change in corporate name and stock symbol supports the company’s focus on developing deeper relationships with new partners, clients, stakeholders, customers and investors. “As an emerging leader in the influencer-based social media marketing space, with extensive commercial interests and growing cash flows, we are now manifestly active under a business model that has no relationship to the Company’s prior name and stock symbol,” said Clubhouse Media co-founder Chris Young in the press release. “This shift, while superficial, is significant in that it will allow us to present a more cohesive picture to the investment community, which we believe will ultimately play a substantive role in delivering shareholder value.”
To view the full press release, visit https://www.nnw.fm/wwz8s
About Clubhouse Media Group Inc.
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.
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork