-- 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