SYRACUSE, N.Y., April 20,
2023 /PRNewswire/ -- Vinco Ventures, Inc.
(Nasdaq: BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a
digital media and content technologies company, today announced
that the board of directors has approved a new executive management
team naming James Robertson Chief
Executive Officer and President and Chris
Polimeni Chief Financial Officer and Chief Operating
Officer. The announcement follows a letter to shareholders from
Vinco Ventures Executive Chairman of the Board of Director
Rod Vanderbilt that outlined the
multi-faceted strategic plan for driving growth and shareholder
value.
"Today marks a critical moment for Vinco Ventures as we shift
our focus from the navigation of legacy roadblocks to assertive
strategic growth initiatives that will further diversify our
business and enhance the opportunities for new avenues of revenue
growth," said Vanderbilt. "The Board's unanimous approval of James
and Chris underscores our commitment to moving forward and
developing sound strategies and opportunities to generate new and
innovative revenue streams for the Company."
The new Chief Executive Officer and President, James Robertson, joins Vinco Ventures from
a360media where he held the position of Editor-In-Chief
of Us Weekly. He was responsible for all content
across the prestigious brand's multimedia platforms and worked
closely with advertising and marketing teams to generate
large-scale campaigns and new revenues. He has previously served in
other senior leadership roles including being appointed as the
youngest Editor-In-Chief in tabloid media at the helm
of OK! magazine while also overseeing all
newsgathering as a Senior Executive Editor and Head of News
for American Media Inc., celebrity brands. A seasoned and
respected journalist, he is also a published author and experienced
Story Producer and Executive Producer with credits in various TV
specials, investigative documentaries, and longform podcast series
productions.
Chris Polimeni joins Vinco
Ventures as Chief Finance Officer and Chief Operating Officer.
Polimeni previously served as Executive Vice President - CFO/COO of
Accelerate360 Holdings, LLC & Subsidiaries, the parent company
of a360 Media, LLC (formerly American Media, LLC.). He also served
in the same capacity at American Media, LLC for 12 years prior to
the consolidation of American Media, LLC with Accelerate360
Holdings, LLC in 2020. He has been involved in acquisitions,
corporate finance, SEC reporting and corporate management for more
than thirty years. He brings financial and operational expertise,
as well as accomplished experience in both management and financial
oversight of large content companies.
The appointments take effect immediately and Robertson and
Polimeni are already working to set the stage for Vinco's next
phase of our growth and overall strategy to provide digital content
and advertising across the Vinco ecosystem.
About Vinco Ventures
Vinco Ventures (Nasdaq: BBIG) is
a technology company specializing in converting content to digital
and social platforms. Through its companies, including Lomotif
Private Limited, MindTank LLC, and AdRized LLC, it is focused on
the development of new and innovative revenue streams across
multiple digital media platforms and content technologies.
For more information, please visit
https://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.
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SOURCE Vinco Ventures