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EZTD Inc. Reports Full-Year 2015 Net Revenue of $25.9 Million, an Increase of 29% Over Prior YearEZTD Inc. (OTCQX:EZTD), a worldwide leader of online binary options trading, reports financial results for the year ended December 31, 2015. Financial Highlights Include:
Recent Corporate Highlights Include:
Shimon Citron, CEO of EZTD Inc., said "This was an extremely successful year for EZTD in many respects, as the company executed on its strategy to increase its customer base and the value of each customer. We accomplished our results through strong business intelligence, entering new international markets, and strengthening our technology and mobile platforms." "We entered Japan, one of the largest markets for FX and CFDs, and are making plans to expand into other markets in Asia and the Middle East. We are also enhancing our mobile software, which we believe will maximize our growth potential with even greater competitive advantages where the demand for our electronic trading platform is rapidly expanding," Mr. Citron continued. He added, "Our cutting-edge business intelligence has enabled us to seize new business opportunities in a cost-effective manner and optimize the conversion of site visitors into customers through proactive engagement with consumers using real-time analytics. Its unique retention methodology provides automated real-time response to our clients' trading needs, so they always receive strong customer support." Mr. Citron concluded, "We are immensely proud of our company's success this year and look forward to another year of growth in 2016." About EZTD Launched in 2011, EZTD Inc. (F/K/A EZTRADER Inc.), www.eztd.info/ (United States) (OTCQX: EZTD) is one of the pioneers of secure and regulated online binary trading, and maintains its position as a leading, reputable and reliable binary options platform. EZTD offers 24/7 trading on more than 120 assets including commodities, stocks, currency pairs and indices. Currently available in more than 11 languages, EZTD is growing rapidly and continues to seek exciting opportunities to further enhance its presence throughout Europe and Asia. EZTD's advanced mobile app is one of the most user-friendly and secure trading apps and is available for both Android and iPhone. EZTrader.com is wholly owned and operated by its wholly-owned subsidiary, WGM Services Ltd., with operations authorized by CySEC throughout Europe. EZTD also operates in Japan through its wholly-owned subsidiary, EZInvest Securities Co. Ltd. Safe Harbor Statement This press release contains forward-looking statements. In some cases these forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believe," "anticipate, "expect," "plan," "may," "will," "should," "potential," or in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. For example, forward-looking statements are used in this press release when it is discussed that enhancing its mobile software is expected to improve the company's growth potential. These forward-looking statements and their implications are based on the current expectations of the management of EZTD only, and are subject to a number of factors and uncertainties, many of which are beyond the control of EZTD, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. EZTD undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting EZTD, reference is made to the heading "Risk Factors" in EZTD's Annual Report on Form 10-K filed with the Securities and Exchange Commission. -Financial Tables Follow-
The table above reconciles net income to EBITDA and Adjusted EBITDA. EBITDA is defined as net income before net interest expense, income taxes, depreciation and amortization and a loss due to the bankruptcy of Corporate Commercial Bank in Bulgaria, which is not relevant to forward-looking analyses and is not linked to the company's operational performance. Adjusted EBITDA is defined as EBITDA before other operating expenses related to the acquisition of a subsidiary in Japan and a regulatory fine, and expenses related to stock-based compensation. Although EBITDA and Adjusted EBITDA are not measures of performance calculated in accordance with GAAP, management believes that they are useful to the company and to an investor in evaluating the company because they are widely used measures to evaluate a company's operating performance.
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