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.”
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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.
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