Vinco Ventures, Inc.

Good day, ladies and gentlemen, and welcome to the Vinco Ventures second quarter 2021 earnings conference call. At this time, it is my pleasure to turn the floor over to your host, Vinco Ventures CEO, Mr. Chris Ferguson. Sir, the floor is yours.

Thank you, operator, and welcome. I'm Chris Ferguson, CEO of Vinco Ventures, and with me on the call today is Brian McFadden, Chief Strategy Officer, and Brett Broman, Chief Financial Officer, to review the second quarter 2021 results as well as provide a business update. During this call, management will make forward-looking statements. Forward-looking statements include but are not limited to statements regarding expectations, intentions, and strategies regarding the future. Forward-looking statements are based on management's current expectations and assumptions and are subject to known and unknown risks. uncertainty, and other factors that could cause actual results to differ materially from the projected results. Given these uncertainties, listeners are cautioned not to place undue reliance on any forward-looking statements contained in this conference call. Please refer to the cautionary text regarding forward-looking statements contained in the earnings release, which also applies to the content of this call. Additional risk disclosures can be found in the company's filings with the Securities and Exchange Commission. On today's call, management will make comments on certain GAAP-based and non-GAAP pro forma financial information. For further information regarding the company's historical financial performance, we refer you to our filings with the SEC, including our Form 10Q filed on August 23rd, 2021. We may have taken the long way to get here. but we have officially arrived at the starting line of an exciting opportunity with Lomotif and our partners at SAS Global Media and Entertainment. I would like to say a special thanks to Paul Yang, the founder and CEO of Lomotif, who set out with a vision for his business and exceeded expectations at every level. We are truly thrilled to have Paul as a partner and excited to execute on his vision for the future of Lomotif. Through our subsidiary, ZVV Media Partners LLC, the company and Zash own an 80% equity interest in Low Motif Private Limited, a social media music and dance platform that competes with TikTok and Kaisho. Upon closing the transaction with Low Motif, we also completed a licensing agreement with Universal Music that provides access to a music library with some of the world's top artists. The growth of the Low Motif user base has been impressive. The current sensor tower data indicates the monthly active user base for low motif to be 30 million users. One of the fastest growing markets for low motif is India, a country where TikTok is banned. We will continue our efforts to grow India as well as North America with unique programming such as you've been scouted. I encourage all our shareholders to download the app and see the unique elements that low motif has launched. As I mentioned earlier, This is only the beginning of what you will see from the company and our plans for expanding Lomotif. The power of a monthly active user base of 30 million users can be illustrated in a variety of ways. A recent example is how Lomotif assisted our e-NFT platform with its first launch of the Tory Lanez album, When It's Dark. Our Chief Strategy Officer, Brian McFadden, will give an overview of our platform and the upcoming spinoff of EVMT Platform LLC. We are delighted that Brian has accepted the role of CEO for the new company. And with that, I will turn it over to Brian.

Thanks, Chris. The addition of the immersive team to Vinco has been exciting. With the recent launch of the e-nft.com platform, we are poised to disrupt the music industry by providing a cost-effective distribution solution to artists of all genres and audience sizes. From the A-listers we're currently engaging to the independents making music in their houses, e-nft.com will empower the content creator and ensure that they retain both the intellectual and monetary rights of their work. Additionally, our expanding SaaS model has led us into discussions with leading global record companies, providing additional revenue streams as we scale. Our initial product launch on the platform was pushed through Le Motif with great success. The first album to launch, Tory Lanez, When to Start, opened to a complete sellout of one million copies within the first official launch minute. This makes Tory the first artist to go platinum on the blockchain. Building on this initial launch, we will continue to add artists of all sizes to the platform and focus on driving user adoption. With the continued disruption of the music industry, the Vinco Ventures board has determined that the shareholders are best served with diversified holdings. To this benefit, we are in process of moving Immersive Entertainment into a newly formed publicly traded company focused on disruptive blockchain technology. The target date of record for the new company is estimated to be in September, and we look forward to having this deal closed during Q4 2021. Thanks, Brian.