Vinco Ventures Enters Social Media US and Canada Market in Partnership with AI-Pros :: Vinco Ventures, Inc. (BBIG)

Vinco Ventures enters social media US and Canada market in partnership with AI-Pros

Rochester, NY, August 15, 2022 – Vinco Ventures, Inc. (Nasdaq: BBIG) (“Vinco,” or “the Company”) today announced that it is pursuing a Strategic Initiative project that aspires to be a true Tik Tok challenger. , As a result of this project Vinco recently acquired AI-Pros Inc. (“AI-Pros”) signed a license agreement with. The platform believes that it can significantly enhance its position in the digital advertising markets.
To date, Winko, through ZVV Media Partners, LLC (“ZVV”), continues to advance its position in the social media market with Singapore, its joint venture partners, Zash Global Media and Entertain Corporation (“Zash”) – based Lomotif app. However, as the company evaluates its relationship with Jaish, and ZVV evaluates its commitment to the joint venture, it is very excited to establish its relationship with AI-PROS. With AI-Pros as a partner, Vinco will focus on developing a social media platform that is based on best-in-class technology, primarily by applying older generation technologies and supporting non-US and Canadian Targets the US and Canadian markets as opposed to the Lomotif that prefers. Market.
In testing, AI-Pros’ technologies have demonstrated higher video resolution, faster video transmission, and better video recommendation than Lomotif. In addition, this new platform is being integrated with AI-Core’s advertising platform which is built on top of a robust blockchain infrastructure. The vision is to identify the social media industry by identifying content creators for their IP, consumers for their data, and advertisers for their ad spend, then distributing the advertising revenue to all participants who have contributed value to the entire ecosystem.
John Colucci, Interim CEO and President of Vinco, said, “Social media platform operators must acknowledge all participants and provide fair and fair compensation to these contributors. We believe that our partnership with AI-Pros is a social Sees the world of media as a sharing economy. The next generation technologies of AI-Pros and the ability to share revenue with all participants is truly a game changer in this industry. It is for everyone except social media operators. It’s a win-win and that’s why Vinco wanted to be part of this new wave as the next phase of our growth. We are excited about the potential of this business opportunity and working with the AI-PROS team to make this vision a reality. are doing.
George Yang, Founder and CEO of AI-Pros, believes that “Conclusion technologies are only a means to an end. By leveraging AI-Core’s machine learning, AI, and blockchain technologies, we have the opportunity to use them to the benefit of the people.” Strive. Content creators should be the actual IP owners, consumers should have the right to monetize their personal data, and advertisers should be able to have a direct relationship with their consumers. This is what we like experts, professionals like Vinko. , together with our team of strategic partners, and why we think it will help protect and return content and data rights to influencers and users, decentralize tech oligarchs, and make the digital economy more transparent. .
About Vinco Ventures
Vinco Ventures, Inc. (Nasdaq: BBIG) focuses on the development of digital media and content technologies. A consolidated subsidiary of Vinco Ventures, ZVV Media Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and Entertainment Corporation, holds an 80% ownership interest in Lomotif Private Limited. Please visit investors.vincoventures.com for more information.
Lomotif. about
Lomotif is a video sharing social networking platform that is democratizing video creation. Lomotif, available in Apple and Google stores, is a downloadable app that has grown into a grassroots social community around the world with dedicated users spanning from Asia to South America to the Americas. For additional information about Lomotif, please visit Lomotif’s website www.lomotif.com,
AI-PROS . about
AI-Pros is headquartered in Silicon Valley and specializes in developing AI recommendation engines and producing conversational AI, as shown at the University of California, Berkeley.

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 on the assumptions and beliefs of Vinco Ventures’ management as well as the currently available information. Assumptions made by the management of Vinco Ventures. These statements can be identified by the fact that they are not strictly related to historical or current facts. When in this presentation the words “estimate,” “expect,” “intend,” “believe,” “plan,” “anticipate,” and other words or negative and similar expressions of these words are used as Identifying the applicable forward-looking statements to the company or its management that they relate to. Such statements reflect Vinco Ventures’ current outlook with respect to future events and the risks, uncertainties, assumptions and risks associated with Vinco Ventures and its subsidiaries and consolidated convertible interest entities, including Lomotif, their industry, financial position, operations and results. subject to other factors. of operation. Such factors include, but are not limited to, expected benefits from Vinco Ventures’ investment in Lomotif and associated growth initiatives and strategies such as mixed media, cross-platform distribution strategies, Lomotif’s involvement in live entertainment and sponsorship. are not limited to. Events, expected benefits from the acquisition of AdRizer and the planned integration of AdRizer technology with Lomotif and Honey Badger and the synergy between AdRizer, Lomotif and Honey Badger and such other risks and uncertainties are described more fully in documents filed or submitted by Vinco Ventures has been done. Securities and Exchange Commission, including those discussed in Vinco Ventures’ annual report on Form 10-K for the period ended December 31, 2021, filed April 15, 2022, available at www.sec.gov Huh. If one or more of these risks or uncertainties materialize, or the underlying assumptions prove to be false, actual results could differ materially from those anticipated, believed, anticipated, expected, intended or planned. Although we believe that the expectations reflected in 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 forward-looking statements to make these statements consistent with actual results.
For more information, please contact the company, [email protected]

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