BEVERLY HILLS, Ca., June 10 PRNewswire-FirstCall — MatchNet plc (MHJG: Frankfurt SE), whose global depository shares are currently traded on the Frankfurt Stock Exchange, today announced that it intends to effect a reincorporation in the United States…It is expected that the public offering will take place in September, subject to market conditions, and that the common stock will be quoted on the Nasdaq National Market. The proceeds of the offering are expected to be primarily used for working capital purposes.
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Friendster Names Former NBC President as New CEO
MOUNTAIN VIEW, Calif., June 3 /PRNewswire/ — Friendster today announced that it has named former NBC Entertainment president, Scott Sassa, as CEO, effective immediately. Scott will be responsible for leading all areas of the company. Scott will help Friendster expand the company’s services and user base, and build Friendster into a successful and profitable business.