Vinco Ventures urges shareholders to vote for all company proposals

Vinco Ventures announced that the Board of Directors issued a letter to shareholders outlining the Company’s strategy in advance of the 2023 Annual Meeting of Stockholders, which read in part, " The Board of Directors thanks you for your investment in Vinco Ventures. We are writing to you about the upcoming Annual Meeting of Stockholders, scheduled for April 27, 2023. At the Annual Meeting, we are asking you to vote on proposals that will pave the way for the Company to execute upon our strategy to improve profitability and enhance shareholder value. We are on the cusp of an exciting new chapter with our planned acquisition of the National Enquirer, the National Examiner and Globe and digital publishing assets. While we recognize we have more work to do, we are confident that this Acquisition will open up multiple ways to create value…As we embark on this next step, we are pleased to announce the Board has unanimously approved two new leaders: James Robertson as President and Chief Executive Officer. James joins us from Us Weekly, the prestigious magazine and digital brand, where he served as Editor-In-Chief. He brings unparalleled experience to Vinco and will lead the Company into the next phase of our growth strategy to provide digital content and advertising Chris Polimeni as Chief Financial Officer and Chief Operating Officer…We believe that approving the Acquisition is an essential first step in the Company’s growth strategy and that approving the share issuances and reverse stock split will give Vinco the necessary financial flexibility to operate successfully by automatically increasing the stock price to regain compliance with Nasdaq continued listing requirements. Thank you for your continued support as we capitalize on the opportunities ahead."