BOCA RATON, Fla.--(BUSINESS WIRE)--Jun. 23, 2015--
IDI, Inc. (NYSE MKT: IDI), an information solutions provider and
multi-platform media company, today announced that it has been added to
the Russell Microcap Index® following the conclusion of the Russell
indexes annual reconstitution on June 26, 2015, according to the update
of the preliminary list of reconstitution additions and deletions posted
on June 19, 2015.
Membership in the Russell Microcap Index, which remains in place for one
year, means automatic inclusion in the appropriate growth and value
style indexes. FTSE Russell, a leading global index provider, determines
membership for its Russell indexes primarily by objective,
market-capitalization rankings and style attributes.
“We are extremely pleased to join the Russell Microcap Index® as it
strongly coincides with our increased efforts to broaden our shareholder
base and share our redefined growth strategy with the investment
community,” stated Mr. Derek Dubner, Co-CEO of IDI, Inc. “We look
forward to building upon our new position within the data fusion space
and sharing our progress with now a greater investor audience as we move
forward.”
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 an
unrivaled level of clarity into consumer data to support advanced
marketing analytics. IDI also operates a multi-platform media company
operating in China, which provides advertising services in the
out-of-home advertising industry, including iScreen Outdoor LCD screens
and billboards.
FORWARD-LOOKING STATEMENTS
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 joining the Russell
Microcap Index® will coincide with our efforts to broaden our
shareholder base and growth strategy with the investment community.
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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150623005516/en/
Source: IDI, Inc.
For IDI, Inc.
MDM Worldwide Solutions
David Zazoff,
646-403-3554