LOS ANGELES--(BUSINESS WIRE)--SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies, announced that Lou Kerner will be appointed Chief Executive Officer of BIGtoken, a wholly-owned subsidiary of SRAX. As previously announced, SRAX has entered into a definitive agreement with Force Protection Video Equipment Corp (OTC: FPVD), pursuant to which SRAX will receive 88.9% of the issued and outstanding shares of FPVD in exchange for 100% of the shares of BIGtoken. Upon completion of the transaction, FPVD will be renamed BIGtoken, Inc. with Mr. Kerner as CEO.
Mr. Kerner started his career as a Wall Street analyst following media companies, spending four years at Goldman Sachs, before transitioning to operating tech companies. His first CEO role was at The .tv Corporation, which acquired the top-level domain .tv from the tiny island nation of Tuvalu. After .tv was acquired by Verisign in 2001, Mr. Kerner became the CEO of Bolt Media, the largest social media company before MySpace. After Bolt, Mr. Kerner became an angel investor, best known for writing the first Wall Street style research report on Facebook, in 2010. Mr. Kerner launched a small VC fund in 2012, and then joined Flight Ventures, where he focused on tech companies founded by Israeli teams.
Since 2017, Mr. Kerner has been focused on crypto as an analyst, investor, and advisor. Mr. Kerner is one of the most followed crypto analysts (on Medium) and advises companies including Blockchain Co-investors (a crypto fund-of-funds), Casper (a layer one protocol), Props (an SEC-approved token used to drive loyalty programs), and Silver Castle (an institutional grade digital asset manager). In addition, Mr. Kerner is a Partner in an AngelList Syndicate that actively invests in crypto projects. Furthermore, Mr. Kerner started CryptoMondays, the largest crypto-focused Meetup group, with chapters in more than 50 cities around the world.
“I’ve been deeply interested in privacy since 2003 when I was running Bolt. And my interest in crypto has also been fueled, in part, by its privacy features. As the world continues to move to ensure greater internet privacy for consumers, BIGtoken is well-positioned to help brands, media companies, research organizations, and political campaigns efficiently reach consumers via compliant ad targeting and surveys. I further believe BIGtoken will greatly benefit by fully embracing crypto as an alternative reward for our growing consumer base,” said Lou Kerner.
“Lou has been working with data and internet startups his entire career. He has a detailed understanding of Blockchain and how it is applied to augment business applications. Blockchain will play a big part in the future of consumer identity and privacy and we have a shared vision with Lou on what this will look like,” said Christopher Miglino, CEO of SRAX. “Not only is Lou a technology expert, but his knowledge of the capital markets will be a significant asset to BIGtoken as the company is uplisted to a nationally listed exchange.”
About SRAX
SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com.
About BIGtoken
BIGtoken® is a consumer data management and distribution system. BIG is the first consumer-managed data marketplace where people can own and earn from their data. Through a transparent platform and consumer reward system, BIG offers consumers choice, transparency, and compensation for their data. Participating consumers earn rewards, and developers are able to build pro-consumer online experiences on top of the BIG platform. The system also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. For more information on BIGtoken, visit bigtoken.com.
Cautionary Statement Regarding Forward Looking Information:
This news release contains "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in our business, and our need for future capital. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in SRAX's periodic reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.
