Month: April 2010

Spark Networks Rejects Proposal From Great Hill Equity Partners

Posted on April 7, 2010

Sparknetworks MARKET WATCH – Apr 6 - Spark Networks announced today that the Special Committee of the Board of Directors of the Company has unanimously rejected the March 2, 2010 proposal by Great Hill Equity Partners III, LP and certain of its affiliates to purchase all of the outstanding shares of common stock of the Company not owned by Great Hill for $3.10 per share and will continue to consider all other strategic alternatives available to the Company.

The full article was originally published at Market Watch, but is no longer available.

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The Future Of Dating Is Mobile

Posted on April 6, 2010

Messmo logo new AMERICAN OBSERVER – Mar 27 – This past year saw the growth of location-based social networks like Foursquare and Gowalla, which allow users to check in via GPS-enabled Smartphones and share their location with friends. In a 10-day span this year, Foursquare claimed it added 100,000 users. Foursquare is partnering with various establishments, like Starbucks, to offer special deals and customer rewards via the service. Clifford Lerner, co-founder of AreYouInterested.com, runs an online dating empire that integrates a traditional site with Facebook’s most popular dating app. By February, 100,000 iPhone-wielding flirts had downloaded the app. Developers are counting on online dating’s faithful to make the switch to mobile apps. Brendan O’Kane is CEO of messmo, a company that fills technical needs for dating sites. O’Kane says immediate gratification is what mobile dating is all about.“As mobile gets better and better we are going to see a large portion of the population connected and available. It’s going to be immediate. That’s going to be a game changer,” O’Kane said.

The full article was originally published at American Observer, but is no longer available.

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Hitwise iDating Rankings Update

Posted on April 6, 2010

Hitwise logo new OPW – Apr 6 – The Experian Hitwise rankings are in for March 2010. PlentyofFish.com, Singlesnet, Match.com, Yahoo! Personals, Zoosk and Adam4Adam maintained their #1, #2, #3, #4, #5 and #6 spot respectively. SeniorPeopleMeet moved ahead of free dating site DateHookup. eHarmony and Chemistry did not leave their spots  # 9 and #10 respectively.

Singles Are Willing To Give Out Their Location

Posted on April 6, 2010

Areyouinterested logo BUSINESSWIRE – Apr 6 - A recent survey of AreYouInterested.com users found that 79% of respondents would let total strangers know where they are if it helped them meet attractive singles. 89% believe that it is possible to meet a boyfriend or girlfriend on a mobile dating app.

The full article was originally published at Market Watch, but is no longer available.

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EasyDate To Acquire Allegran

Posted on April 5, 2010

Easydate logo male PRESS RELEASE – Apr 5 - EasyDate has acquired Allegran's online dating business, one of the UK's largest online dating groups, from Associated Northcliffe Digital. The acquisition increases EasyDate's current portfolio of dating sites from seven to twelve. EasyDate has purchased GirlsdateForFree.com, Loopylove.com, Quickflirt.com as well as the successful niche dating sites DatingForParents.com and MatureDating.co.uk.

The full article was originally published at Easydate website, but is no longer available.

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TangoWire Takes Virtual Dating Mainstream

Posted on April 5, 2010

Tangowire logo PRESS RELEASE – Apr 5 - TangoWire, a community of dating sites,
recently added virtual dating to its network. The vDate feature is
free. TangoWire is a dating network of over 3,700 sites including
BBWDateFinder.com, USMilitarySingles.com, LesbianPersonalsOnline.com,
GaySingles.com, ArmySingles.com, SingleParentMatcher.com and more. FULL ARTICLE @ 24-7 PRESS RELEASE

Meet Friends Of Friends With Smartdate.com

Posted on April 2, 2010

Smartdate logo new beta PRESS RELEASE – Apr 2 – While Facebook has become the most popular social network for communicating with family and friends, its generic profiles aren’t suitable for online dating and there is no easy way to find matches or make connections. Smartdate.com enables its users to make a direct link live from Facebook – where they can automatically import their profile, set it up for dating, and search among friends of friends. FULL ARTICLE @ BIG NEWS

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SNAP Interactive 2009 Operating Results

Posted on April 2, 2010

Snapinteractive logo MARKET WIRE – Apr 1 – SNAP Interactive, a provider of online dating apps for social networks, today announced operating results for the quarter and full year ended December 31, 2009. Financial Highlights: Full Year 2009 Revenue: $3,170,725, an increase of $159,098 from 2008. These revenues are primarily generated from advertisements and premium features placed on their various apps as well as subscription fees to AreYouInterested.

The full article was originally published at MarketWatch, but is no longer available.

Mark Brooks: SNAP lost $101,919 in 2009 as compared to a loss (net income) of $796,960 in 2008. For a young company, this is nothing unusual, but we would like to have seen them grow revenues more this year.

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