Tongji Healthcare Group (OTC: TONJ) has closed its acquisition of West of Hudson Group Inc., sole owner of a collection of Southern California scenic mansions known as the Clubhouse. The acquisition was completed on Nov. 12, 2020. The Clubhouse includes some of the most widely followed social media influencers who together have amassed an estimated follower base reaching more than 90 million. TONJ reported that industry trends point to the growing dominance of social media influencers in establishing market positioning and leadership among new consumer brands. One industry expert predicted global social media ad spend to gain 20% this year, totaling an estimated $84 billion and ranking as the third-largest advertising channel, behind TV and paid search. Social media ad spending overtook print media ad spend last year, and that trend is expected to continue in the coming years. In addition to news of the acquisition, TONJ filed official paperwork with the state of Nevada to changes its name from Tongji Healthcare Group Inc. to Clubhouse Media Group Inc. That petition is awaiting approval from FINRA. “We believe The Clubhouse has significant proprietary value that can be tapped in service of either deals with outside brands or the popularization and expansion of our own in-house branding projects,” said Tongji CEO Amir Ben-Yohanan in the press release.
To view the full press release, visit https://ibn.fm/cnnoA
About Tongji Healthcare
Tongji Healthcare had previously operated Tongji Hospital, a general hospital with 105 licensed beds, offering a variety of medical care treatment areas. However, as a result of the West of Hudson Group Inc. acquisition, the company is moving entirely into the social media branding marketplace.
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.