Gabe Hunterton
to Join Team as President of Vinco
Lisa King and
Rod Vanderbilt Remain on Board of Directors
Brian Hart and
Jesse Law Join Board as Independent Directors
ROCHESTER, N.Y., Oct. 4, 2022 /PRNewswire/ -- Vinco Ventures, Inc.
(Nasdaq: BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a
digital media and content technologies holding company, today
announced that a settlement agreement was reached on September 28, 2022, in the Company's litigation
in the State of Nevada. Pursuant
to the agreement, Ross Miller is
named CEO of Vinco, to run the Company under the oversight of the
Board of Directors. Also, the Company has appointed Gabe Hunterton as President of Vinco.
Lisa King and Rod Vanderbilt remain on Board of Directors.
They will be joined by two new independent directors, Brian Hart and Jesse
Law, filling two of three vacant director seats following
the resignations of John Colucci,
Michael Distasio, and Elliot Goldstein.
As part of the settlement of the litigation, John Colucci, former Co-CEO and Independent
Director, and Philip Jones, former
CFO, have resigned from their positions at the Company eliminating
all ties with Vinco Ventures, effective immediately.
"With the settlement agreement, and litigation behind us,
Vinco's leadership team is aggressively working together towards
the completion of our quarterly filings as well as working closely
with the Zash and ZVV management teams to work towards completion
of the combination of these companies as soon as possible," said
Ross Miller, CEO of Vinco. "We are
laser-focused on providing transparency and creating value for our
shareholders, as well as upcoming business initiatives. We have the
platforms, technologies, and human capital in place – now, it is
time to execute."
"It is my great pleasure to welcome Ross, Gabe, Jesse and Brian
to the Vinco team. Each bring extensive experience and expertise
that will aid the Companies execution as well as its growth. The
Vinco team and Board are excited to get back to business and look
ahead to Vinco's next chapter," added Roderick Vanderbilt, Chairman of the Board.
Ross Miller currently
serves as a County Commissioner for Clark
County, Nevada District C. Miller previously served as
Deputy DA, a criminal prosecutor for Clark County for major criminal offenses. He
was elected as the youngest Secretary of State in history for the
State of Nevada and served for
eight years. He has previously served as CEO and President of BKB
Global, a wholly owned combat sports entertainment company of
DirecTV, and as SVP and General Counsel of Paragon Gaming, a
Nevada corporation focused on
managing casino resorts. Paragon Gaming is an internationally
recognized developer and operator of world class gaming
destinations. His leadership is nationally recognized, as he was
named a "Top 10 Rising Political Star" by the Washington Post, was
selected as one of "24 Rising Stars in American Governance" by the
Aspen Institute and was awarded a Rodel Fellowship in Public
Leadership. He obtained his BA from Stanford
University and holds dual JD and MBA degrees from
Loyola Marymount University.
Gabe Hunterton is an
experienced leader with extensive history in multiple spaces
including gaming and gaming technology. His most recent position
was President of City of Dreams Macau a flagship casino property of
Melco Corporation. Hunterton was Deputy Chief Operating Officer of
Galaxy Macau one of the largest casinos in the world. He also
served as Chief Operations Officer of StarWorld a wholly owned
subsidiary of Galaxy Entertainment Group LTD. He was Senior Vice
President of Business Development and Senior Vice President of
Casino Operations for MGM Macau. At times in his career he had over
10,000 employees reporting to him. His gaming industry experiences
ranges from Dealer to Chief Operating Officer having overseen two
of the largest and most profitable gaming resorts in the world. He
has also consulted with companies on technology integration,
license valuation, asset valuation, and RFP development for new
gaming resort markets. He has extensive experience in online gaming
and technology. Gabe has a BA in Economics from Yale University.
Brian Hart has over
25 years of experience in technology, communications, and policy,
and is a founding partner of Hart Communications. He has served as
senior staff for a federal agency, three U.S. senators, publicly
traded companies, and global consulting firms. He also served on
the board of directors of a privately held EMC testing and
equipment company in Austin, Texas
that is now a part of ESCO Technologies. Hart was a presidential
appointee as the director of the Office of Media Relations for the
Federal Communications Commission and was communications director
for Senator Roy Blunt of
Missouri directing all strategic
communications and public relations for the senator, the Senate
Rules Committee, as well as the presidential swearing in and
inaugural address. He reorganized and led the Washington, DC office for H&R Block. While
at Ketchum and Hill & Knowlton he consulted for Fortune 100
clients including HP, FedEx, IBM, Enron, and Verizon on public
relations, crisis communications, restructuring, and government and
public affairs.
Jesse Law is an
accomplished senior executive with 17 years of professional
experience, including 14 years of experience in banking and finance
and 13 years in bipartisan political and public policy operations.
During his career, Mr. Law has developed expertise in strategic
management, corporate operations, staff development, and high-level
stakeholder relations, including working with senior executives of
Fortune 100 companies, senior administration officials, members of
the United States Congress, and senior foreign diplomats. In
addition, Mr. Law is adept at building coalitions of diverse
interests and coaching them towards mutually-acceptable solutions
in high-stakes domestic and international negotiations that have
resulted in achieving exemplary success of key strategic
organizational goals.
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
and follow us on LinkedIn and Twitter.
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 benefits from
Vinco Ventures' investments in Lomotif 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
and such other risks and uncertainties described more fully in
documents filed by Vinco Ventures 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 are
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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