FOR IMMEDIATE RELEASE
FriendFinder Networks Inc. Announces Acquisition of PerfectMatch.com
(Sunnyvale, CA – July 18, 2011) FriendFinder Networks Inc. (“FFN”)(NasdaqGM: FFN), a leading internet and technology company providing services in the rapidly expanding markets of social networking and web-based video sharing, today announced the acquisition of PerfectMatch.com from Matrima, Inc. PerfectMatch.com is a leading online relationship service helping adults seeking successful, lasting connections. Adding to FriendFinder Networks’ vast portfolio of social networking sites, PerfectMatch.com is a welcome addition to the platform of FFN’s general audience websites.
“This is an exciting opportunity for FriendFinder Networks as it expands our presence in the general audience social networking arena,” says Marc Bell, Chief Executive Officer of FriendFinder Networks Inc. “This is the first step in an acquisition strategy that will strengthen our business and continue our growth.”
Unique to PerfectMatch.com is the Duet® Total Compatibility System, which analyzes the “whole person” to find friends, taking into account each member’s personality, values and ideals, life and love-style preferences to identify and find the person right for them. This proprietary system enables PerfectMatch.com to provide the best online capabilities and member experience to those seeking true love, a relationship or marriage.
In conjunction with the acquisition, PerfectMatch.com founder Duane Dahl will join FriendFinder Networks as General Manager of the Company’s general audience dating websites group, including Amigos.com, AsiaFriendFinder.com, BigChurch.com and SeniorFriendFinder.com. Mr. Dahl’s experience and knowledge in the area of entertainment integration helped to forge partnerships for PerfectMatch.com with numerous world-class brands, including Sony Pictures, Warner Bros., NBC Universal, iVillage and MSNBC. PerfectMatch.com has been featured prominently in numerous films and TV shows including Lifetime Original Movie “Perfect Romance,” “Must Love Dogs” starring Diane Lane and John Cusack, a special one hour Valentine’s “Dr. Phil” show, dedicated entirely to PerfectMatch.com, “Good Luck Chuck” starring Jessica Alba, “Dancing With the Stars” and “Paul Blart: Mall Cop,” starring Kevin James.
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This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Additional information concerning these and other risk factors is contained in the Company’s most recent filings with the SEC. All subsequent written and oral forward-looking statements concerning the Company are expressly qualified in their entirety by the cautionary statements above. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About FriendFinder Networks Inc.
FriendFinder Networks Inc. (www.FFN.com) is an internet-based social networking and technology company operating several of the most heavily visited websites in the world, including AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com. FriendFinder Networks Inc. also produces and distributes original pictorial and video content and engages in brand licensing.
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