Vinco Ventures Appoints Richard Levychin, CPA, CGMA to its Board of Directors for Governance and Leadership
16 Noviembre 2022 - 6:30AM
Vinco Ventures, Inc. (Nasdaq: BBIG) (“Vinco Ventures,” “Vinco,” or
the “Company”), a digital media and content technologies holding
company, today announced the appointment of Richard Levychin, CPA,
CGMA to its Board of Directors, effective November 11, 2022. Mr.
Levychin will serve as an independent director and as Chair and
financial expert of the Audit Committee.
“We are pleased to welcome Mr. Levychin to Vinco’s Board of
Directors. He brings comprehensive public and private financial
knowledge with over 25 years of experience as a business advisor
and auditor. Mr. Levychin’s past experience is key as he steps into
the role of Chair and financial expert of the Audit Committee,”
said Ross Miller, CEO of Vinco Ventures. “As we continue to execute
on our strategic plans to further our success as a company, we are
happy to report that Mr. Levychin’s appointment satisfies the
independent director and audit committee requirements for continued
listing on Nasdaq. Given the primary role of the Audit Committee is
to oversee the financial reporting and disclosure process, this
demonstrates continued execution on the Company’s remediation plan
to regain compliance with Nasdaq’s Rule to timely file all required
periodic reports with the Securities and Exchange Commission.”
Mr. Levychin currently is a Partner in NY-based Galleros
Robinson’s Commercial Audit and Assurance practice focusing on
privately and publicly held companies. Prior to this, Mr. Levychin
was the Managing Partner at KBL, LLP, a Public Company Accounting
Oversight Board (“PCAOB”) certified independent registered
accounting firm, since 1994. Mr. Levychin has over 25 years of
experience in various industries including media, entertainment,
real estate, manufacturing, not-for-profit, technology, retail,
technology, and professional services. Richard received his
bachelor’s degree in business administration from Baruch College,
and since then has received many accolades including having been
honored with the Baruch College Alumni Association’s “Alumni
Leadership Award for Business.”
“I am excited to bring my years of experience inside the board
room of both public and private companies to Vinco Ventures. I look
forward to helping Vinco’s multifaceted initiatives on a worldwide
scale,” commented Mr. Levychin.
“I am delighted to welcome Mr. Levychin to Vinco. In the next
phase in our company, we must have strong experienced and
collaborative voices on our Board,” said Roderick Vanderbilt,
Chairman of Vinco Ventures.
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 DisclaimersThis
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.
For further information, please contact:
Investor ContactKCSA Strategic
CommunicationsAllison SossBBIGinvestors@kcsa.com
Media ContactVinco Ventures,
Inc.Media@vincoventures.com
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