BOCA RATON, Fla.--(BUSINESS WIRE)--May 1, 2015--
Tiger Media, Inc. (NYSE MKT:IDI), a multi-platform media and
information solutions provider, today announced that on April 30, 2015,
the Company changed its name to IDI, Inc., an acronym for “Interactive
Data Intelligence”. The Company’s stock will continue to trade on the
NYSE MKT under the symbol “IDI”.
The new name reflects the Company’s evolution into the multi-billion
dollar data fusion space following its acquisition of The Best One,
Inc., parent company of U.S.-based data solutions provider Interactive
Data, LLC on March 21, 2015, and the successful build-out of its
technology team located in Seattle, WA.
Along with the name change, the Company is undergoing an extensive
rebranding campaign to introduce and highlight the market-leading
innovation and perspective IDI brings to the marketplace. As an initial
step in the rebranding process, a more well-defined and visible brand
will first be introduced through a new website to be available in the
coming weeks.
Mr. Derek Dubner, Co-CEO of IDI, Inc. stated, “IDI is entering the data
fusion space at a point in time when existing technologies are becoming
dated and there is an addressable need for enhanced systems to support
increased customer demand. Having completed the strategic acquisition of
Interactive Data and the rebuild of our management team and
infrastructure, we believe we have an immediate opportunity to enter a
number of high-growth markets with today’s most advanced data
intelligence offerings. Our focus going forward is to leverage our
next-generation data fusion platform to become the information solutions
leader for the risk management industry and a provider of cutting-edge
marketing analytics for all industries. We believe our new brand will
resonate with shareholders and the marketplace, representing what IDI
truly stands for today and the path forward.”
For purposes of trading on the NYSE MKT, the Company will begin trading
under the name “IDI, Inc.” on May 4, 2015, with a new CUSIP of 44938L
108.
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 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 risks set forth in IDI’s Annual Report on
10-K, filed with the SEC on April 15, 2015, and IDI’s proxy statement
for the Special Meeting of Ordinary Shareholders held on March 17, 2015,
filed with the SEC on February 13, 2015, as well as the other factors
described in the filings that IDI makes with the SEC from time to time.
Source: Tiger Media, Inc.
For IDI, Inc.
MDM Worldwide Solutions
David Zazoff,
646-403-3554