Video River Networks Announces Institutional Investor Purchases 200,000 SPAC Shares for Total of $ 2 Million and Orders 8 Car Models from Lingstar Partners

TORRANCE, Calif., July 2, 2021 / PRNewswire / – Video River Networks recently announced that an agreement has been reached with one of the Institutional Investors (“II”) to purchase 200,000 SPAC shares from $ 10 per share for a total of $ 2 million. Another good news is that another institutional investor (“II”) also wants to buy 200,000 SPAC shares from $ 10 per share for a total of $ 2 million. More updates are expected to be posted on the official Video River Networks Twitter account shortly.

Additionally, Video River Networks also announced that it has ordered 8 new vehicle models from its Lingstar partners for field testing, and will begin meticulous testing of vehicles upon arrival at Video River Networks headquarters in Torrance, California.

This will be the start of what appears to be a successful partnership between Video River Networks and our new partners in China, Lingstar. Video River Networks paid a total of $ 97,551 for all 8 designs and looks forward to immediately starting field testing and production operations. “We are very excited to be working with Lingstar! Video River Networks has always been at the forefront of technology and design, and our new partners are no exception,” said Video River Networks CEO, Frank Igwealor.

Video River Networks takes its time to ensure that every facet of new vehicles is safe for both employees and drivers. According to their Twitter account, Video River Networks will host a show open to the public to showcase the cars, once they arrive.

Video River Networks is committed to providing vehicles that are not only environmentally friendly, but also cost effective. Field testing of these cars will help Video River Networks decide whether the car designs submitted by Lingstar are efficient, efficient and reliable. Shareholders have been pleased with Video River Networks’ constant updates regarding the company’s plans and are now patiently awaiting the results of the field tests.

The news of the announcements was picked up by various investors and press briefings on social networks. The positive reception spread a sense of excitement among investors about the future of the company. Therefore, Video River Networks announced on its Twitter account that it will make an effort to produce more updates regarding the results of field tests and other commercial ventures.

About Video River Networks, Inc.

Video River Networks, Inc. is an electric vehicle and battery technology holding company that operates and manages a portfolio of electric vehicle, artificial intelligence, machine learning and robotics (“EV-AI-ML-R”) in North America. The current and target activities and assets of the Company’s portfolio include operations that design, develop, manufacture and sell high performance fully electric vehicles and design, manufacture, install and sell power controls, battery technologies, technologies. wireless and residential and remote utility meters, mission-critical devices primarily designed using artificial intelligence, machine learning and robotics technologies. NIHK’s current technology-driven business model is the result of our Board of Directors resolution on September 15, 2020 to sell our specialized real estate portfolio business to an operating subsidiary and then become a technology company again. The company has now returned to its original business focused on power control technology, battery technology, wireless technology and residential utility meters and mission critical remote devices. For more information and the latest updates, check out the company’s Twitter account at https://twitter.com/NIHKEV

CONTACT:
Video River Networks, Inc.
370 Amapola avenue, office 200A
Torrance, California 90501
contact@videorivernetworks.net

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