NEW YORK, NY --(Marketwired - May 04, 2016) - IDT Corporation (NYSE: IDT)
Zedge announced today that Jonathan Reich, Chief Financial Officer and Chief Operating Officer, will present at the inaugural Joseph Gunnar & Co., LLC Pioneers 2016 Conference on Thursday, May 5, 2016 at 11:00 a.m. ET in New York, NY. Mr. Reich will provide an overview of Zedge's business, vision, growth strategy and outlook.
Zedge provides one of the most popular content distribution platforms, worldwide, centered on self-expression, attracting both creators looking to promote their content and consumers who utilize such content to express their identity, feelings, tastes and interests.
The Zedge app has been installed more than 200 million times worldwide. The app enables consumers to personalize their mobile devices with free, high quality ringtones, wallpapers, home screen app icons and notification sounds.
Zedge has more than 32 million monthly active users and has averaged among the top 25 free applications in the Google Play store in the U.S. for the past six years and is ranked in the top 10 most popular free apps in the iTunes Entertainment category.
IDT Corporation (NYSE: IDT) has announced that it expects to spin out its majority stake in Zedge to its stockholders in the second quarter of this year. Pursuant to the planned spin-off, Zedge has filed a Registration Statement on Form 10, including a preliminary information statement, with the Securities and Exchange Commission. The filing can be seen at http://www.sec.gov/Archives/edgar/data/1667313/000121390016012774/f1012g2016a1ex99i_zedge.htm.
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.
About Zedge:
Zedge provides the leading mobile app to personalize mobile phones and devices with lots of great and free content. Zedge's app is available in Google Play, iTunes and Microsoft Store. Zedge's reach and popularity affords advertisers, game developers, musicians, artists and brands a scalable, non-incentivized, user acquisition platform on a global basis. Zedge's investors include IDT Corporation (NYSE: IDT) -- www.idt.net -- and Shaman II. For more information, please visit the Zedge web site at www.zedge.net and follow Zedge on Facebook (www.facebook.com/officialzedge) and Twitter (www.twitter.com/zedge).
About IDT Corporation:
IDT Corporation (NYSE: IDT), through its IDT Telecom division, provides retail telecommunications and payment services to help immigrants and the under-banked communicate and share resources around the world. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. IDT also holds a majority interest in Zedge (www.zedge.net), developer of the popular eponymous app for a mobile content discovery and acquisition. For more information on IDT, visit www.idt.net.
About Pioneers 2016:
The Pioneers Conference is dedicated to providing a forum where publicly traded companies can network with the investment community. The 2016 Conference will feature presentations by CEOs and CFOs from several principal industry sectors, expert panels moderated by industry leaders, and the opportunity to meet with management of presenting companies on a one-on-one basis.
Contact:
Jonathan Reich
(330) 577-3424
Email contact
