[May 27, 2016]

Zedge to Present at the 2016 Marcum MicroCap Conference

Zedge (NYSE MKT:ZDGE, ZDGE WI) announced today that it will be a featured presenter at the Fifth Annual Marcum MicroCap Conference on Wednesday, June 1, 2016.

Jonathan Reich, Zedge's Chief Financial Officer and Chief Operating Officer, will provide an overview of Zedge's business, vision, growth strategy and outlook. Mr. Reich is scheduled to speak at 2 PM in the Uris room of the Grand Hyatt Hotel in New York City.

Zedge provides one of the most popular worldwide content distribution platforms centered on self-expression. It attracts both creators and brands looking to promote their content to consumers who utilize the content - wallpapers, ringtones, app icons and notification sounds - to express their identity, feelings, tastes and interests on their mobile phone...their most personal device. The Zedge app has been installed more than 200 million times and has more than 32 million monthly active users. Zedge's app has averaged among the top 25 free applications in the Google (News - Alert) Play store in the US for the past six years and is ranked in the top 10 most popular free apps in the iTunes Entertainment category. Since inception, Zedge has grown its customer base organically without material investment in user acquisition, advertising or marketing. Zedge generates its revenues from advertising and is profitable. The company earned $1.6 million in net income in FY '15.

IDT Corporation (NYSE: IDT) has announced that it expects to spin out its majority stake in Zedge to its stockholders on June 1^st. Pursuant to the plannedspin-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 viewed through the SEC's (News - Alert) website, www.sec.gov.

The annual Marcum MicroCap Conference is a signature showcase for superior quality, under-followed public companies with less than $500 million in market capitalization.

For more information or to register, please visit the conference website at http://www.marcumllp.com/microcap or download the free official conference app for the iPhone (News - Alert), iPad, or for Android mobile devices in Apple's App Store and the Google Play Market.

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160527005808/en/

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