FOR IMMEDIATE RELEASE
FRIENDFINDER NETWORKS INC. (‘FFN’) ANNOUNCED TODAY, THAT BASED ON MARKET CONDITIONS, IT HAS CHOSEN NOT TO PROCEED WITH ITS PLANNED INITIAL PUBLIC OFFERING UNTIL MARKET CONDITIONS IMPROVE
(Boca Raton, FL – February 5, 2010) FriendFinder Networks Inc. (“FFN”) announced today that based on market conditions, it has chosen not to proceed with its planned initial public offering at this time until market conditions improve.
A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About FriendFinder Networks Inc.
FriendFinder Networks Inc. is a leading internet-based social networking and multimedia entertainment company operating several of the most heavily visited social networking websites in the world, particularly with respect to its adult-oriented websites. In addition, the FriendFinder Networks family of companies produces and distributes original pictorial and video content, licenses its globally recognized Penthouse brand to a variety of consumer companies and entertainment venues, and publishes branded men’s lifestyle magazines.