Zedge Announces New Appointment To
Board Of Directors
Paul Packer, Founder of Globis Capital
Advisors LLC, to head Audit Committee
New York, NY – April 1, 2020: Zedge, Inc. (NYSE
AMERICAN: ZDGE) announced today that Paul Packer, founder of Globis Capital Advisors LLC, has joined the company’s Board
of Directors and its Audit Committee, effective April 1, 2020. Mr. Packer will chair the Audit Committee. This appointment brings
Zedge’s total board membership to 5.
“We are excited in welcoming Paul to our Board of Directors.
He brings decades of experience in helping microcap companies scale their business and unlock shareholder value,” said Michael
Jonas, Zedge’s chairman. “Paul joins Zedge at an exciting time as the company is working to establish itself as a force
across new verticals and extend its reach beyond its leadership position in the world of mobile phone personalization. We look
forward to benefitting from his wealth of knowledge as we strive to continue growing the company.”
Paul Packer founded Globis Capital Advisors LLC, an investment
advisory firm, in 2001. Globis invests in startups, micro- and small-cap companies with a focus on hi-tech. Paul was appointed
and designated as Chairman of The United States Commission for the Preservation of America’s Heritage Abroad by President
Donald J. Trump in 2017 and reappointed in 2019. Paul also serves as a director on the board of Elementor Ltd., a privately held
company that offers an intuitive, front-end site builder for WordPress. He served as a director on the board of Wakingapp Ltd.
prior to its sale to Scope AR in 2019 and on the board of Penguin Digital before it was acquired by Shutterfly.
Forward Looking Statements
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.
Zedge offers a state-of-the-art digital publishing platform
that powers our consumer-facing app availing users with a host of digital content – wallpapers, video wallpapers, ringtones,
and stickers. We are evolving by developing new apps run on top of our publishing platform and generally focus on the entertainment
vertical. Our creators are amateur and professional artists as well as new and major brands who can easily launch a virtual storefront
in Zedge where they can market and sell their content to our user base. Our app has been downloaded more than 420 million times,
has more than 34 million monthly active users and has consistently been ranked as one of the most popular free apps in Google Play
in the US.