BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 26, 2015--
IDI, Inc. (NYSE MKT: IDI), an information solutions provider,
today announced the appointment of Grant Thornton as its new principal
independent registered public accounting firm, which was effective July
14, 2015. Grant Thornton replaces RBSM LLP. The decision to change
auditors was not the result of any disagreement between the Company and
RBSM LLP on any matter of accounting principle or practice, financial
statement disclosures or auditing scope or procedure.
The change of auditor was made as a part of the Company’s expansion
strategy, as it continues to develop new products and add new clients
across a broad range of sectors and regions. As its business continues
to grow and scale, IDI sought an auditor with a broad presence. Grant
Thornton LLP, founded in 1924, is one of the world’s leading independent
audit, tax and advisory firms, with revenue in excess of $1.4 billion
and 57 offices nationwide.
Mr. Derek Dubner, Co-CEO of IDI, Inc. stated, "We are pleased to be
working with Grant Thornton. This change reflects the rapid growth and
momentum that our business is enjoying. Their support and experience
will be a substantial benefit as we enter our next stage of development.”
IDI filed a Form 8-K related to the change in its certifying accountants
on July 15, 2015.
About IDI, Inc.
IDI, Inc. is an information solutions provider focused on the
multi-billion dollar data fusion market. IDI delivers otherwise
unattainable insight into the ever-expanding universe of consumer- and
business-centric data. Through proprietary linking technology, advanced
systems architecture, and a massive data repository, IDI will address
the rapidly growing need for actionable intelligence to support the
entirety of the risk management industry, for purposes including due
diligence, risk assessment, fraud detection and prevention,
authentication and verification, and more. Additionally, IDI’s
cross-functional core systems and processes are designed to deliver
products and solutions to the marketing industry and to enable the
public and private sectors to layer our solutions over their unique data
sets, providing otherwise unattainable insight.
RELATED LINKS http://ididata.com/
Forward-Looking Statements Disclaimer
This press release contains “forward-looking statements,” as that term
is defined under the Private Securities Litigation Reform Act of 1995
(PSLRA), which statements may be identified by words such as “expects,”
“plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,”
“intends,” “estimates,” and other words of similar meaning. Such forward
looking statements include statements about whether working with Grant
Thornton will be a substantial benefit as IDI enters the next stage of
its development. There are a number of important factors that could
cause actual results or events to differ materially from those indicated
by such forward-looking statements, including the risks set forth in
IDI’s Annual Report on 10-K, filed with the SEC on April 15, 2015, IDI’s
Quarterly Report on Form 10-Q filed with the SEC on August 14, 2015, as
well as the other factors described in the filings that IDI makes with
the SEC from time to time. You are cautioned not to place undue reliance
on these forward looking statements, which are based on our expectations
as of the date of this press release and speak only as of the date of
this press release. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
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Source: IDI, Inc.
IRTH Communications
Media and Investor Relations Contact:
Andrew
Haag, 866-976-4784
Managing Partner
idi@irthcommunications.com