TikTok And Kuaishou Rival, Lomotif, Sells To ZASH

Lomotif Platform is one of the best global social video sharing programs of today

Definitive agreement gives ZASH majority control

BETHLEHEM, Pa. and SINGAPORE, 23 February 2021 / PRNewswire / – Vinco Ventures, Inc. (NASDAQ: BBIG) – ZASH Global Media and Entertainment Corporation (“ZASH“), the disruption industry led by co-founders Ted Farnsworth, financier and former MoviePass chairman, early Musical.ly (now TikTok) investor Jaeson Ma, and former Thriller visionary and board member, Vincent Butta, has entered into a definitive agreement to acquire a majority interest in Lomotif Private Limited (“Lomotief“), the Singapore-based top video-sharing social networking platform and emerging competitor to TikTok and Kuaishou (1024.HK on the Hong Kong Stock Exchange). The closure of the Lomotif acquisition by ZASH is scheduled to coincide with the closure of ZASH’s merger and business combination with Vinco Ventures, Inc. (“”Vinco“), which was previously stated in a joint press release in January 2021. The conclusion of the Lomotif acquisition is subject to certain customary conditions to close as described in the final acquisition agreement.

Following the completion of the merger between ZASH and Vinco, ZASH will become a public company and controlling shareholder of Vinco, making Lomotif one of the best global, pure play video-sharing social networking platforms owned by a US listed company, competing with TikTok and Kuaishou in space.

ZASH believes that Lomotif has been one of the fastest growing social networking platforms for video sharing in its category for the past three years. Asia, Europe and South America, Lomotif increased its average monthly community during this period by more than 400 percent. Historically, more than 10 billion User Generated Content (UGC) snippets have been used to create more than 740+ million videos on the platform since its launch.

The following additional data further demonstrate the dominant, global user stability and reach of the Lomotif platform, which according to ZASH shows a great untapped value and potential growth of Lomotif:

10+ billion Lomotif atomic grips
740+ million video superscripts created to date
225+ million installations worldwide (in 200+ countries in 300+ languages)
210+ million lifelong community
160+ million total lifelong viewers (iOS / Android)
120+ million total lifelong creators
300+ million videos are watched per month on the platform
Average 90+ minutes of engagement with core users

Lomotif founder and CEO, Paul Yang, will continue to lead Lomotif upon completion of the acquisition. “With the partnerships ZASH has set up and planned,” Yang said, “we naturally fit in. As an emerging player in creating user videos, we are excited to be part of ZASH’s overall content and distribution plans and strategies. and looks forward to accelerating the growth and acceptance of Lomotif worldwide. ‘

“Lomotif is the key to ZASH’s strategy to merge the best media, entertainment and content-oriented technology companies worldwide,” said Ted Farnsworth. “The platform is fun and engaging and its features are unique and innovative. We look forward to expanding the platform in the US market and in the rest of the world.”

“After experience building another social media platform for video sharing, it quickly became apparent that Lomotif’s patented blending and video editing technologies were unmatched.” said Vince Butta. “ZASH will focus Lomotif on an advertising model in the future, as well as on other ways to earn in the coming months.”

“Lomotif is a global platform with a huge following in Asia and Latin America and together with ZASH it will repeat the success in the US and other markets, ‘said Jaeson Ma. “In today’s world of mass consumption of short-form content, we see the addition of Lomotif to the ZASH family as an incredible opportunity to leverage our content in all formats and broaden our distribution platform worldwide.”

Investment bank BTIG represented ZASH on the buying side of the deal. Palladium Capital was an advisor on the capital increase to finance the transaction. The media and entertainment team led by Tom K. Ara and including Patrick Anding at the law firm DLA Piper LLP negotiates and advises ZASH on the Lomotif agreement and also advises ZASH in its merger with Vinco. Cooley LLP represented Lomotif in the transaction.

For more information on ZASH’s proposed merger with Vinco, see the press release (https://investors.vincoventures.com/press-releases/detail/78/musical-ly-tiktok-triller-and-moviepass-innovators-unite) and Vinco’s 8-K filed 19 January 2021 (https://sec.report/Document/0001493152-21-001470/).

About ZASH Global Media and Entertainment Corporation

ZASH Global Media and Entertainment Corporation is a developing network of synergistic companies working together to disrupt the media and entertainment industry as we know it today. The ZASH team is run by a group of clever, if not somewhat clumsy, utterly disruptive people. ZASH believes its management team has an extraordinary and unparalleled ability to turn around because their knowledge and experience are unwavering. Please visit ZASH’s website for more information on ZASH Global Media and Entertainment Corporation www.zash.global.

About Lomotif

Lomotif is the leading platform for sharing social networks that democratize video creation. Since the company is co-founder by video enthusiast Paul Yang in 2014, three technological patents were granted to Lomotif, specifically aimed at empowering creators to comfortably share and watch short videos through remix and collaboration. Yang’s bold vision is to build the world’s largest video vocabulary to accelerate the world’s transition to video first expression. Available in Apple and Google stores, Lomotif is a breakthrough downloadable app for hip hop, rap and urban culture across the united states and Latin America. Lomotif is one of five partners chosen by Snapchat for a two-way integration to put stories between the two platforms. Visit Lomotif’s website at www.lomotif.com for more information on Lomotif Private Limited.

About Vinco Ventures, Inc.

Vinco Ventures, Inc. (NASDAQ: BBIG) is a merger and acquisition company focusing on digital and consumer brands. Vinco’s BIG (Buy. Innovate. Grow.) Strategy will scale acquisition opportunities in search of scale, and increase its acquisition through targeted traffic and content campaigns. For more information, visit Vinco’s investor offer or visit Investors.vincoventures.com.

Forward-looking statements and indemnity

This press release contains “forward-looking” statements in the sense of federal security laws. Forward-looking statements include statements regarding or implication of future financial performance, expected product performance and functionality of ZASH’s products or products that include ZASH’s products, and operating trends and growth opportunities affecting ZASH. Such information is based on beliefs of, and information currently available to ZASH management, as well as estimates and assumptions made by the management of ZASH. These statements can be identified by the fact that they are not strictly related to historical or current facts. When used in this presentation, the words “estimate,” “expect,” “intend,” “believe,” “planned,” “anticipated,” “projected,” and other words or the negative words of these terms and similar expressions that relates to ZASH or ZASH’s Management identifies forward-looking statements These forward-looking statements include statements regarding the potential business synergies resulting from ZASH’s acquisition of Lomotif and the proposed merger of ZASH with Vinco, the potential market for ZASH and Lomotif’s product offering. adoption and use of the Lomotif Platform, and ZASH’s ability to earn cash offers, including the Lomotif Platform, such statements and the other forward-looking statements in this press release reflect ZASH’s current views on future events and are risks, uncertainties, assumptions and other factors related to ZASH and Lomotif’s operations, operations and results of operations and any businesses obtainable by ZASH. e or more of these risks or uncertainties are realized, or if the underlying assumptions are incorrect, the actual results may differ materially from the expected, believed, estimated, anticipated, intended or planned. Although ZASH believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, achievements or achievements. All forward-looking statements are fully qualified by this warning. ZASH provides this information from the date of this release and undertakes no obligation to update forward-looking statements in this release due to new information, future events or otherwise.

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