ANGUILLA, BWI/ACCESSWIRE/May 12, 2022/ Kidoz Inc. (TSXV: KIDZ) (the “Company”), a developer of mobile advertising technologies and owner of market leader Kidoz Contextual Ad Network (www.kidoz.net) and the Kidoz Publisher SDK, today announced that the following changes will take place with the Kidoz management team:
- Tarrnie Williams Sr. moves from executive chairman to chairman
- Jason Williams goes from co-CEO to CEO
- Eldad Ben Tora moves from Co-CEO to President and Managing Director EMEA
“Kidoz continues to grow at a rapid pace and while our partnership as co-CEOs of the company has been a huge success, Eldad and I agree that the correct structure for Kidoz is to transition to one CEO,” said Jason Williams. “As Kidoz continues to grow technology and customers within the broader AdTech and mobile entertainment market, we believe my North American presence will best serve the business as we align with our partners in this valuable region. I look forward to leading the company to new heights and continuing to work closely with Eldad, who will focus on our continued growth in Europe, the Middle East and Africa (EMEA) and the management of our Israeli operations.
“As the founder of Kidoz, it is amazing to see the company’s recent performance and growth,” said Eldad Ben Tora. “We see incredible potential for Kidoz globally and need to properly position the company for its next stage of development. I will work closely with Jason to ensure our upcoming projects are successful and our investors receive value. which they have earned by supporting Kidoz’s unique technology and strategy.
Tarrnie Williams Sr. will continue as Chairman of the Kidoz Board of Directors which will remain as currently constituted. “I am extremely pleased with the progress made by the Company. The ability to maintain focus on free cash flow while rapidly growing the company, expanding our core technology and launching new product lines is a remarkable achievement. The company now has three driving revenue streams: direct agency campaigns; programmatic campaigns; and performance campaigns that together provide the flexibility to deliver rapid growth and maintain control of margins and expenses. With another exciting product launch pending, management agreed the time was right to structure our team for the next phase of growth,” said Tarrnie Williams.
Company to Release First Quarter 2022 Financial Results on May 16and with solid revenue growth, even taking into account the generally slower first quarter of Kidoz’s business and the hiring of additional staff in preparation for a busy 2022.
We encourage you to visit the new Kidoz website at www.kidoz.net which is designed to provide a top-notch user experience and navigation that allows the audience to learn more about the comprehensive portfolio of products offered by Kidoz.
About KIDOZ INC.
Kidoz inc. (TSXV: KIDZ) (www.kidoz.net) has the first COPPA and GDPR compliant contextual mobile advertising network that safely reaches hundreds of millions of children, teens and families every month. Google Certified and Apple Approved, Kidoz provides an essential suite of advertising technologies that unites brands, content publishers and families. Trusted by Disney, Hasbro, Lego and more, the Kidoz contextual ad network helps the world’s biggest brands reach and engage kids safely across thousands of mobile apps, websites and apps. video channels. The Kidoz Network does not use location or PII data tracking commonly used in digital advertising. Instead, Kidoz has developed advanced contextual targeting tools to help brands reach their ideal customers safely. Provider of targeted AdTech solutions, the Kidoz SDK and the Kidoz Programmatic network have become essential products in the digital advertising ecosystem.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral or other written statements made or to be made by the company) contains forward-looking statements, such as statements relating to the expected future success of the company. Such forward-looking information involves significant risks and uncertainties that could materially affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission. Specifically, readers should read the company’s annual report on Form 10-K, filed with the SEC on March 30, 2022, as well as the prospectus filed under Rule 424(b) of the Securities Act. on March 9, 2005 and SB2 filed on July 17. , 2007, and the application to list the common shares on the TSX Venture Exchange filed on June 29, 2015 on SEDAR, for a more in-depth analysis of the Company’s financial condition and results of operations, as well as an analysis detailed description of the risk factors associated with an investment in Kidoz inc.
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