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IDI Announces Selection of Grant Thornton as New Auditor

IDI Announces Selection of Grant Thornton as New Auditor

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.

Source: IDI, Inc.

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