029 Group SE

M&A Activity • Feb 20, 2002

News Details

Ad-hoc | 20 February 2002 08:31

MatchNet PLC english

MatchNet signs agreement to acquire FaceLink.com Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MatchNet signs agreement to acquire FaceLink.com BEVERLY HILLS, CA – MatchNet plc (Neuer Markt: MHJG), a leading global online dating company, announced today that it has entered into an agreement to purchase FaceLink.com. FaceLink.com provides the facility for users to post their photo on a personal photo page with a direct link to that page. FaceLink has approximately 1.5 million member profiles and serves 30 million web pages per month to some 3.5 million unique visitors. Additionally, it has a very strong brand across many markets. especially in the gay and lesbian community. The transaction is expected to be completed before the end of February. Contact: Elmar Bob (elmar@matchnet.com) Tel.:+49 69 7409 3788 MatchNet plc Arndtstrasse 51 D-60325 Frankfurt am Main Germany Additional Information: “FaceLink fits seamlessly into our scalable technology platform and we look forward to improving and augmenting the service to its users” said MatchNet’s CEO Joe Shapira. “The traffic generated by FaceLink will increase traffic to a number of our services including Gay11.com and AmericanSingles.com. We plan to expand the services provided at FaceLink and increase its importance as a destination site and traffic generator.” About MatchNet plc Incorporated in England in 1998, MatchNet plc is a publicly traded Internet company, quoted on the Frankfurt Stock Exchange, and is one of the largest and most profitable providers of global online dating and relationship services. The MatchNet network includes 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 world-wide and Gay11.com, a leading online dating service for relationship-minded gay men and women. MatchNet’s network of websites enjoys a combined membership exceeding 5 million world-wide. MatchNet currently earns its revenue from recurring membership subscription fees and special events. More information on the Company is available at http://www.matchnet.com . end of ad-hoc-announcement (c)DGAP 20.02.2002 ——————————————————————————– WKN: 930129; ISIN: US5766601042; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 200831 Feb 02