029 Group SE

Earnings Release • Mar 30, 2001

News Details

Ad-hoc | 30 March 2001 07:36

Ad hoc-Service: MatchNet PLC english

Ad hoc announcement processed and transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– MatchNet moves into profit earlier than planned Frankfurt am Main, March 30, 2001 – The Internet dating service MatchNet plc, listed on Frankfurt’s Neuer Markt (German Securities Code Number (WKN 930 129), will become profitable in the current fiscal year and will close the year with a positive result. Until now, the company had planned to break even in fiscal year 2002. The main reason for this is the acquisition of the competitor SocialNet, Inc., which was concluded successfully in February 2001. This acquisition doubled membership from 1.5 to 3 million. In addition, MatchNet will spend far less on advertising in the current year than planned, because the target membership for the end of 2001 has already been reached. end of ad hoc announcement, (c) DGAP 30.03.2001 ——————————————————————————– WKN: 930129; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300736 Mär 01