BOCA RATON, Fla.--(BUSINESS WIRE)--Jun. 3, 2015--
IDI, Inc. (NYSE MKT:IDI), an information solutions provider and
multi-platform media company, today announced the appointment of Michael
Brauser and Peter Benz to its Board of Directors following approval by
the Company’s stockholders at its Annual Stockholder Meeting held on
June 2, 2015. Additionally, on June 3, 2015, the Company appointed
Robert Swayman as an independent member of the Board of Directors.
Mr. Brauser, an investor and operator in the data fusion market since
its infancy, has built market-leading companies with revenues totaling
over $2 billion.
Mr. Benz is the Chief Executive Officer of Viking Asset Management, LLC,
an asset and investment management company, which he founded in 2001.
Mr. Swayman previously held the position of President and CEO of
National Alarm Systems, Inc., a successful start-up provider of security
products and services, which he co-founded. He brings thirty-five years
of strategic business planning, operations and financial experience.
Mr. Derek Dubner, Co-CEO of IDI, Inc., stated, “The addition of Mike
Brauser, Peter Benz and Bob Swayman to the Board brings tremendous value
to our Company given Mr. Brauser’s experience and remarkable track
record building companies in the data fusion industry and the
combination of Mr. Benz’s and Mr. Swayman’s strategic business
development and in-depth knowledge of the capital markets. Their insight
and perspective will be invaluable as we implement our vision to become
the leading information solutions provider in the data fusion industry.”
The Company noted that all matters proposed in the proxy statement were
approved at the 2015 Annual Meeting, and that, as of June 3, 2015, the
Board of Directors consists of Robert Fried, Peter Benz, Daniel Brauser,
Michael Brauser, Derek Dubner, Steven Rubin and Robert Swayman.
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 Mike Brauser, Peter
Benz and Bob Swayman can bring tremendous value to the Company;as well
as other non-historical statements about our expectations, beliefs or
intentions regarding our business, technologies and products, financial
condition, strategies or prospects. 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
risk that the transaction between IDI, Inc. (f/k/a Tiger Media, Inc.)
and IDI Holdings, LLC (f/k/a The Best One, Inc.) may involve unexpected
costs or unexpected liabilities; and the other 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/20150603006577/en/
Source: IDI, Inc.
For IDI, Inc.
MDM Worldwide Solutions
David Zazoff,
646-403-3554