Vinco Ventures, Inc.Announces “Spinout” of Immersive Entertainment | Around the Web-Pennsylvania

Bethlehem, Pennsylvania, June 24, 2021 / PRNewswire / -Vinco Ventures, Inc. (NASDAQ: BBIG) is a leader in selective acquisitions that leverage BIG strategy: purchases to take advantage of new market opportunities. Innovate. Grow. As its own independent publicly traded company, we are pleased to announce the planned “spin-out” of Emmersive Entertainment, which was recently featured in 60 Minutes Plus. The deal is expected to take place during the third quarter of this year.

We also announce that the resulting immersive entertainment public company will be headed by the current Chief Strategy Officer of Vinco Ventures. Brian McFadden.. “The opportunity to continuously develop this technology is exciting,” said McFadden. “We are very grateful to the members of the board for their ability to run and continue to grow this innovative business. Emmersive’s technology and capabilities are more fully realized and second to Vinco Ventures shareholders. It offers the added benefit of equity in the public. The company considers it to be cake icing to the overall merger with ZASH. ”

We plan to open this transaction in the third quarter of 2021 and will soon announce the shareholders on the record effective date, providing all Vinco venture shareholders with the resulting stock position of the company as of the record effective date. .. In addition, the two companies will continue their originally planned partnership to take advantage of the traffic and technology they currently own.

“This is a great opportunity for shareholders recorded on the effective date,” said Vinco’s CEO. Christopher Ferguson.. “I believe that the technology Emercib continues to develop is changing the industry, and the best way to ensure that shareholders receive its value is to split the two entities and tell shareholders,” Apple. Is to provide the saying “two bites of.” We look forward to what Brian and the team can build and are completely confident in their ability to do it. “

Vinco Ventures, Inc.about

Vinco Ventures, Inc. (BBIG) is a selective acquisition company focused on digital media and content technology. Vinco’s BIG (Buy. Innovate. Grow.) Strategy seeks a size-appropriate acquisition opportunity to become a BIG. For more information, please visit: Investors.vincoventures.com..

EVNT Platform, LLC, dba Emmersive Entertainment

The next great art form and investment vehicle builder. Our team leverages decades of industry experience, creative vision and programming skills to deliver unmatched digital solutions. We are pushing the boundaries of technology and challenging to unlock the most creative solutions for complex artistic and technical NFT concepts. We specialize in creating custom artwork in a variety of media while advancing the NFT market by offering our own extended digital and physical tokens. Work directly with artists, celebrities and sports stars to create the future of souvenirs.

Forward-looking statements and disclaimers

The statements contained in this press release include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as well as information based on the company’s management and currently available information. .. Estimated by the management of the company. These statements can be identified by the fact that they are not strictly related to historical or current facts. As used in this presentation, words such as “estimate,” “expect,” “intend,” “believe,” “plan,” “expect,” “predict,” or these terms. Denial and related similar expressions The company or company management identifies forward-looking statements. Such statements reflect the company’s current views on future events, including risks, uncertainties, and risks associated with the company’s industry, its operations and performance, and the businesses that the company may acquire. Affected by assumptions and other factors. If one or more of these risks or uncertainties become apparent, or if the underlying assumptions are found to be incorrect, the actual results are expected, believed, estimated, expected, intended, or planned. It can be significantly different from the one. We believe that the expectations reflected in our forward-looking statements are reasonable, but we cannot guarantee future results, performance or outcomes. Except as required by applicable law, including the security law of. United States of America, We do not plan to update the forward-looking statements to adapt these statements to actual results.

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