Business
Kidoz Inc. Expands Employee Incentive Program
ANGUILLA, BWI / ACCESSWIRE / April 6, 2021 / Kidoz Inc. (TSXV:KIDZ) (the "Company"), AdTech ...
About this update from Kidoz Inc
[{"type":"text","content":"Kidoz Inc. Expands Employee Incentive ProgramANGUILLA, BWI / ACCESSWIRE / April 6, 2021 / Kidoz Inc. (TSXV:KIDZ) (the \"Company\"), AdTech software developer and owner of the KIDOZ Safe Ad Network (www.kidoz.net), the KIDOZ Kid-Mode Operating System, the KIDOZ publisher SDK and the Rooplay edu-games platform, announced today that it is issuing additional stock options to all members of its staff, equally, both as rewards for their roles in enabling the Company to achieve the record growth it realized in 2020 and to increase its investment in them and in their future.\"Investing in our talented employees is critical for the continuation of our rapid growth,\" commented Jason Williams, Kidoz Co-CEO. \"We are now competing for development talent directly with tech giants like Microsoft and Amazon, which have plans to add hundreds of technical staff to their Vancouver offices; we are meeting that competitive challenge by leveraging the significant incentive value of our stock options to increase individual employee shareholdings and strongly align their interests with the interests of our investors.\" The option grants now being made are in addition to the grants previously made to staff on February 1, 2021, which had an exercise price of CAD$0.50.\" [see Kidoz Inc. Feb.1 Press Release - 'Kidoz Safe Advertising Network Experiences Record Growth (Corporate Update and Issuance of Stock Options)'].\"The extremely positive reaction from our employees on seeing the potential economic effect of stock options in the money, combined with the rapidly escalating demand for skilled staff world-wide as the pandemic winds down, encouraged us to ‘double down' on our staff incentive program,\" commented Eldad Ben Tora, Kidoz Co-CEO. \"It's not only in Vancouver that staff recruitment challenges are occurring,\" he commented further \"but here in Israel as well.\"Kidoz is the market leader in child and family safe mobile advertising and the segment is only beginning to develop as new rules and stricter regulations are being enacted and enforced by Google, Apple, and governments around the world who demand privacy and safety for children online. The Kidoz proprietary advertising technology is installed in thousands of different apps, making it the most popular privacy focused mobile solution in the market. The KIDOZ Safe Ad Network offers pub...