PR99267

ROCHESTER, N.Y., Dec. 19, 2022 /PRNewswire=KYODO JBN/ --

-- Vinco Ventures completes the purchase of all ZVV media equity of all ZVV

Media Partners. ZVV is the joint venture between Vinco Ventures and Zash Global

Media.

Vinco Ventures announces the purchase of all ZVV equity interest of ZVV Media

Partners, a joint venture with ZASH Global Media, including TikTok rival

Lomotif.

Logo - https://mma.prnewswire.com/media/1971276/Vinco_logo_Logo.jpg

Logo - https://mma.prnewswire.com/media/1971277/zashlogo_Logo.jpg

It's the latest accomplishment of the Board of Directors in their successful

and accelerated strategy to build the company's content-driven ecosystem with

existing synergies Lomotif, AdRizer, Magnifi U, and Honey Badger.

Lomotif was recently named a top 12 best TikTok Alternative for sharing short

viral videos. Additionally, Lomotif was ranked #3 on begindot.com's Top TikTok

Alternatives. https://www.begindot.com/best-tiktok-alternatives/

Vinco's closing of the JV and ZASH portfolio comes amid governmental crackdowns

and political concerns over TikTok's china-based company.

The Senate recently passed legislation to ban TikTok from all US government

devices after the No TikTok on Government Devices Act was approved by unanimous

consent.

"Vinco Ventures leadership is extremely confident in its fast-tracked and

collaborative mission to make the company a major player in the media and

entertainment space. This is another step towards that goal and the company

will continue to identify and pay close attention to brands that can complement

and scale operations," Vinco Ventures spokesperson Javan Khazali said.

Through the ZVV Media Partners equity purchase, Vinco expands its portfolio

with the exciting addition of various in-house production TV series.

About Vinco Ventures

Vinco Ventures (Nasdaq: BBIG) is focused on the development of digital media

and content technologies. Vinco Ventures' consolidated subsidiary, ZVV Media

Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and

Entertainment Corporation, has an 80% ownership interest in Lomotif Private

Limited. Vinco Ventures owns a 100% ownership interest in AdRizer, LLC. For

more information, please visit investors.vincoventures.com.

Forward-Looking Statements and Disclaimers

This press release contains "forward-looking statements" as defined in the safe

harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995,

which are based upon beliefs of, and information currently available to, Vinco

Ventures' management as well as estimates and assumptions made by Vinco

Ventures' management. These statements can be identified by the fact that they

do not relate strictly to historic or current facts. When used in this

presentation the words "estimate," "expect," "intend," "believe," "plan,"

"anticipate," "projected," and other words or the negative of these terms and

similar expressions as they relate to the applicable company or its management

identify forward-looking statements. Such statements reflect the current view

of Vinco Ventures with respect to future events and are subject to risks,

uncertainties, assumptions and other factors relating to Vinco Ventures and its

subsidiaries and consolidated variable interest entities including Lomotif,

their industry, financial condition, operations and results of operations. Such

factors include, but are not limited to, the expected risks and benefits from

the proposed increase in Vinco Ventures' authorized shares as described in our

proxy statement, Vinco Ventures' investments in ZVV Media Partners, LLC,

Lomotif Private Limited, PZAJ Holdings, LLC and related growth initiatives and

strategies such as the blended media, cross-platform distribution strategy, the

expected benefits of Lomotif's participation in and sponsorship of live

entertainment events, the expected benefits from acquisition of AdRizer and

planned integration of the AdRizer technology with Lomotif and Honey Badger and

synergies between AdRizer, Lomotif and Honey Badger, the regulatory risks with

the NFT and blockchain business lines and such other risks and uncertainties

described more fully in documents filed by Vinco Ventures and Cryptyde with or

furnished to the Securities and Exchange Commission, including the risk factors

discussed in Vinco Ventures' Annual Report on Form 10-K for the period ended

December 31, 2021 filed on April 15, 2022 which is available at www.sec.gov.

Should one or more of these risks or uncertainties materialize, or the

underlying assumptions prove incorrect, actual results may differ significantly

from those anticipated, believed, estimated, expected, intended, or planned.

Although we believe that the expectations reflected in the forward-looking

statements are reasonable, we cannot guarantee future results, performance, or

achievements. Except as required by applicable law, including the securities

laws of the United States, we do not intend to update any of the

forward-looking statements to conform these statements to actual results.

For further information, please contact:

Media Contact

Rogers & Cowan PMK

Jason.Magner@rogersandcowanpmk.com

SOURCE: Vinco Ventures