029 Group SE

M&A Activity • Feb 25, 2002

News Details

Ad-hoc | 25 February 2002 09:04

MatchNet PLC english

MATCHNET PLC COMPLETES THE ACQUISITION OF FaceLink.com Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MATCHNET PLC COMPLETES THE ACQUISITION OF FaceLink.com BEVERLY HILLS, Calif. – (25 February 2002) – MatchNet plc (MHJG: Frankfurt Stock Exchange – Neuer Markt), one of the largest global online dating companies, announced today that it has completed the purchase of the FaceLink.com website from FaceLink.com, Inc. FaceLink.com provides its members with the facility to create their photo page on the Internet with a direct link to that page. The website is used primarily by singles to show their photo and a brief profile to other people who they have met in chat rooms on the free marketing and cross promotion opportunities. Promotions for MatchNet’s American Singles and Gayl1 websites that were placed on the FaceLink pages, replacing promotions of our competitor Match.com, generated hundreds of new members and considerable subscription revenues within hours of closing the acquisition.” Internet. Over the last few years FaceLink has become a leader in its field, delivering some 30 million web pages a month to 3.5 million unique visitors. The purchase was for US$845,000 in cash, with US$100,000 held back at closing as a guarantee for the provision of future services from FaceLink, Inc’s staff during the next two months. Adittional Information: “This acquisition of FaceLink.com fits perfectly into MatchNet’s expansion strategy,” said Joe Shapira, CEO and co-founder of MatchNet. “This is wonderful opportunity for MatchNet to promote its dating services to FaceLink.com’s members and visitors, most of whom are in the target audience for our subscription websites, and it opens many costfree marketing and cross promotion opportunities. Promotions for MatchNet’s American Singles and Gayl1 websites that were placed on the FaceLink pages, replacing promotions of our competitor Match.com, generated hundreds of new members and considerable subscription revenues within hours of closing the acquisition.” end of ad-hoc-announcement (c)DGAP 25.02.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: About MatchNet PLC Incorporated in England in 1998, MatchNet pic (Frankfurt Stock Exchange) is a publicly traded Internet company that owns and operates several high quality world-leading, Internet dating services, including AmericanSingles.com, MatchNet.de. MatchNet.co.uk, and MatchNet.com.au. In addition the company operates JDate.com & JDate co.il – the dominant Jewish dating services worldwide and Gayll.com. a leading online dating service for relationship-minded gay men and women. Membership in MatchNets network exceeds 5 million. The company currently earns its revenue from recurring membership subscription fees and special events. More information on the Company is available at http://www.MatchNet.com ——————————————————————————– WKN: 930129; ISIN: US5766601042; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 250904 Feb 02