Ted Farnsworth, Chairman
and Co-Founder Appoints Crypto and NFT Icon to Lead ZASH, Media and
Entertainment Holding Company
SYRACUSE, N.Y., July 28,
2022 /PRNewswire/ -- ZASH Global Media and
Entertainment ("ZASH"), a multifaceted media and content
technologies holding company, today announced the appointment
of Erik Finman as its Chief
Executive Officer.
A celebrated and highly successful crypto expert, Finman will
assume direct oversight of the expanding crypto and NFT initiatives
for ZASH. Beyond Web 3.0 businesses, the ZASH multimedia ecosystem
encompasses film, TV, digital and social divisions.
Since launching in early 2021, ZASH has been aggressive in
making strategic moves in the media and entertainment industry,
creating exciting acceleration and growth in live-streaming
content, video-sharing, distribution and production within its own
ecosystem.
Erik Finman is the youngest
bitcoin millionaire, as well as a successful entrepreneur and
investor featured in Forbes, CNBC, VentureBeat, CoinTelegraph, and
many more. At 12 years old Erik made his first crypto investment.
At age 15, Erik dropped out of high school, and moved to
San Francisco to start Botangle,
an education startup that provides a better alternative to the
educational system that Finman left, he later sold the company.
Erik launched a satellite into space, which later became the ZASH
satellite that dropped the world's first NFT from space with Snoop
Dogg and Grimes at EDC Las Vegas 2022. Prior to that, he used that
satellite to complete a "crypto space drop" to a school in
Ghana, meaning he beamed Bitcoin
down from a constellation of satellites in outer space to an
antenna at the school. Finman also created a Dr. Octopus suit that
works as a prosthetic prototype.
"Erik is a well-known veteran in the crypto and NFT space, who
is often called upon to speak as an expert in that field, and we
are extremely fortunate to have landed him in the role of CEO for
ZASH," said Ted Farnsworth.
"Erik's leadership will allow us to expand in the Web 3 space which
I'm very excited for what the future holds."
"I am excited to lead ZASH at the most innovative time in
history where industries are rapidly evolving with progressive
technology and integrating with the Metaverse," said Erik Finman. "The time I've spent with the ZASH
team over the last several months has blown me away. I couldn't be
more excited to work with a team that has a shared vision and best
of class technology and upcoming products."
About Zash Global Media and Entertainment
ZASH Global Media and Entertainment is an evolving network of
synergetic companies working together to disrupt the media and
entertainment as we know it today.
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.
A key component to Vinco's growth strategy is Lomotif in
combination with AdRizer and Mind Tank, our short-form video
platform that drives user experiences with its user interface and
patented editing tools. By utilizing Lomotif's mobile or web-based
platform, our ad and marketing platforms help drive engagement and
grow revenue with premium content across the Vinco and ZASH
ecosystem.
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 ZASH