Zedge, Inc. (NYSE: ZDGE) operates as a content discovery and publishing platform. Shares of the personalized content and entertainment company are rallying 25.05%, through early trading on Tuesday, November 20, 2018. Over the past three months, Zedge, Inc. has seen average daily volume of 10,320 shares. However, volume of 168,241 shares or dollar volume of $422,284, has already exchanged hands through early trading on Tuesday.
Shares of Zedge are gaining this morning, after the company announced that it has launched its “Refer A Friend” campaign for its Zedge Premium artists and brands. Currently, the campaign is available as an invite-only beta, but the company expects a full launch to occur in December. The platform allows enterprenuers to set up a digital storefront to market and sell unique digital content, such as images, videos, audio files, ringtones, and more. Here is the full press release detailing of the campaign:
Zedge, Inc. Press Release:
NEW YORK, NY / ACCESSWIRE / NOVEMBER 20, 2018 / Zedge, Inc. (NYSE AMERICAN: ZDGE), a leading content discovery and creation platform for personalized content and entertainment, today announced the launch of its ‘Refer a Friend’ program for Zedge Premium artists and brands. Initially being launched as an invite-only beta, Zedge expects the program to be available for all Zedge Premium artists in December.
Zedge’s platform empowers artists and brands to set up and manage their storefront, market and sell their digital images, video wallpapers, audio files, ringtones, and more. Zedge’s close to 35 million monthly active users. Zedgers can use the content to customize their phones; share personalized messages with friends across social/messaging platforms; and even order phone covers and tees with the art that they like.
In conjunction with the ‘Refer a Friend’ program, Zedge is also introducing a weekly contest to further promote its participating artists. Whichever artist successfully refers the highest number of new accepted artists will receive prime placement in the app, free advertising on Zedge’s platform, and have their work promoted across Zedge’s social channels
“I’m excited to launch ‘Refer A Friend’, and especially pleased we can offer this level of promotion to artists who participate,” said Tim Quirk, SVP Marketplace “Our mission with Zedge Premium is to help people make a living making art, and we’ve been hard at work developing tools to make it a reality. This program gives artists a real opportunity to connect with millions of users in the Zedge app and on social media. That type of exposure can make artists real money, right away, as well as create lifelong fans, and that’s what we’re here to do.”
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 is a content discovery and creation platform with a global audience of close to 35 million monthly active users. We aspire to be the “everything you” destination that people turn to when seeking digital content that expresses their essence, individuality, and taste. Professional artists, individual creators, and brands use Zedge to market, distribute and sell their content. We have a rich and diverse library with more than a million images and audio clips.