Video River Networks & its Subsidiary Drone Guarder Announce Special One-time Dividend

Video River Networks (OTC:NIHK), has also authorized the redistribution of the dividends it would receive from DRNG directly to its stockholders. The company will redistribute shares received from DRNG to its shareholders at a ratio of 1 share of DRNG for each share of NIHK held. Video River Networks (OTC:NIHK), has also authorized the redistribution of the dividends it would receive from DRNG directly to its stockholders. The company will redistribute shares received from DRNG to its...

Video River Networks (OTC:NIHK), has also authorized the redistribution of the dividends it would receive from DRNG directly to its stockholders. The company will redistribute shares received from DRNG to its shareholders at a ratio of 1 share of DRNG for each share of NIHK held.

Its CEO added, "Our new structure will provide Drone Guarder with the financial flexibility to make opportunistic acquisitions and share repurchases, while we organically grow our drone and AI businesses through acquisitions that meet target return thresholds."

Both companies' dividends are payable on or after September 30th, 2021, to shareholders of record at the close of business on August 31, 2021.

About Video River Networks, Inc.

Video River Networks, Inc. is an Electric Vehicles and Battery Technology holding company that operates and manages a portfolio of Electric Vehicles, Artificial Intelligence, Machine Learning and Robotics ("EV-AI-ML-R") assets, businesses and operations in North America. The Company's current and target portfolio businesses and assets include operations that design, develop, manufacture and sell high-performance fully electric vehicles and design, manufacture, install and sell Power Controls, Battery Technology, Wireless Technology, and Residential utility meters and remote, mission-critical devices mostly engineered through Artificial Intelligence, Machine Learning and Robotic technologies. NIHK's current technology-focused business model is a result of our board resolution on September 15, 2020 to spin-in/off our specialty real estate holding business to an operating subsidiary and then pivot back to being a technology company. The Company has now returned back to its original technology-focused businesses of Power Controls, Battery Technology, Wireless Technology, and Residential utility meters and remote, mission-critical devices. For more information and the latest updates check the company's Twitter account at https://twitter.com/NIHKEV 

CONTACT:
Video River Networks, Inc.
370 Amapola Ave., Suite 200A
Torrance, CA 90501
[email protected]