ZASH Enters Into Binding Letter of Intent with Ficto Video Sharing Social Platform
05 Februar 2021 - 3:00PM
Vinco Ventures, Inc. (NASDAQ: BBIG) – Vinco Ventures through
its partnership with ZASH Global Media and Entertainment
Corporation, the entertainment industry disrupter, today further
asserted its momentum, announcing the signing of a binding letter
of intent with Ficto Video Sharing Social Platform. Ficto’s
platform bridges the gap between traditional streaming and next gen
demand in show engagement, viewer participation, creator’s ability
profit, and brands to achieve goals through customized advertising
technology.
The deal expands ZASH’s ecosystem by combining
elements of leading social platforms with the ability to stream
content to viewers globally, while encouraging user participation.
Featuring capabilities including real time fan engagement, fan
voting, and locale-based shows Ficto will bolster the ZASH
ecosystem leading to continued content technology disruption. Ficto
bridges the ‘last mile’ between the best of the streaming services
and the best of the social media apps.
The deal also highlights ZASH’s expanded
syndication through same day streaming including the upcoming
launch of Everyday Edisons, the multi-Emmy Award winning television
show. Through this collaboration, Everyday Edisons has plans to
test syndication in select markets nationwide while also
negotiating with several of the largest foreign media companies in
India for a global launch in its traditional television format.
“We foresee an incredible result from this
alignment,” said Jaeson Ma, co-founder of ZASH. “Their delivery of
quality produced short form content and user engagement and
interaction with that content and with each other, is in the
forefront of the entertainment industry today. When ZASH talks
about disrupting media, we look for ways to deliver high-tech
content – and Ficto is it. The platform allows us to satisfy
consumer demand where they are, reaching their personal devices. It
also covers all bases allowing formats in short form, long form and
clip form.”
“Ficto is looking forward to outstanding new
programming with ZASH involving Everyday Edisons and other shows,”
said Mike Esola, CEO at Ficto. “ZASH is positioned in such a way,
that their technologies, analytics and distribution fully realize
the potential of how content is valued among today’s
consumers.”
“Ficto has established a good baseline of
monetization with some of the world’s largest brands,” said ZASH
Co-Founder Vincent Butta. “ZASH can amplify and expand that
monetization effort via our extensive reach via influencer
networks, direct content distribution platforms and other related
ZASH platform companies. Through these platforms we can drive the
meaningful engagement that brands demand, while at the same time
increasing traffic both to and from Ficto. Our extensive experience
in this area and long-standing relationships with brands will
further accelerate monetization.”
About Vinco Ventures, Inc.
Vinco Ventures, Inc. (BBIG) is a mergers and
acquisition company focused on digital commerce and consumer
brands. Vinco’s B.I.G. (Buy. Innovate. Grow.) strategy will seek
out acquisition opportunities that are poised for scale and grow
said acquisitions through targeted traffic and content campaigns.
For more information, please view our investor
presentation or visit Investors.vincoventures.com.
About ZASH Global Media and Entertainment
Corporation
ZASH Global Media and Entertainment Corporation
is an evolved network of synergetic companies working together to
disrupt the media and entertainment industry as we know it today.
Our team is managed by a group of smart, if not somewhat brazen,
consummate disrupters who have been to the rodeo before. They have
an exceptional ability to pivot because their knowledge and
experience is steadfast and unyielding.
For additional information about ZASH Global
Media and Entertainment Corporation, please visit our website
at www.zash.global.
About Ficto
Based in Los Angeles, Ficto is a free
streaming service offering audience participation in its shows and
is currently available to download on iOS and Android. Ficto’s
shows have unique features including two-way engagement,
livestream, location activations, and audience submissions. Ficto's
programming is centered on niche audiences and fan bases who are
often underserved. For more, visit: https://ficto.tv/.
Forward-Looking Statements and Disclaimers
To the extent any statements contained in this
press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995 and the
information that are based upon beliefs of, and information
currently available to, the company’s management as well as
estimates and assumptions made by the company’s management. These
statements can be identified by the fact that they do not relate
strictly to historic or current facts. When used in this
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these terms and similar expressions as they relate to the company
or the company’s management identify forward-looking statements.
Such statements reflect the current view of the company with
respect to future events and are subject to risks, uncertainties,
assumptions and other factors relating to the company’s industry,
its operations and results of operations and any businesses that
may be acquired by the company. 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 the company believes that the expectations reflected in
the forward-looking statements are reasonable, the company cannot
guarantee future results, performance, or achievements. Except as
required by applicable law, including the security laws of the
United States, the company does not intend to update any of the
forward-looking statements to conform these statements to actual
results.
Contacts
Investor Relations: Aimee Carroll Phone:
866-900-0992 Email: Investors@vincoventures.com
Media Contact: Gary Koops Phone: 917-225-6180
Email: press@zash.global
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