BERLIN, Aug. 23, 2021 /PRNewswire/ -- Spark Networks SE
(NYSE American: LOV), a leading social dating platform for
meaningful relationships which includes premium brands such
as, Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, today
announced that Colleen Brown will
serve as the company's next non-executive chair of its Board of
Directors.
"I am excited and honored to assume the role of chair at Spark
Networks," said Mrs. Brown. "I look forward to working with the
board and talented leadership team on accelerating our growth
strategy, establishing new partnerships, and creating significant
value for our shareholders. On behalf of the board, I would
also like to thank David Kalil for
his leadership, effort and all of his invaluable
contributions."
In addition to serving on the Spark Networks board of directors
and Audit Chair since 2018, Brown was recognized as a Top 100
Director by the NACD and as Director of the Year in the Pacific
Northwest. Corporate Director Magazine lists her as a Top 10
Corporate Director you should know. Seattle Business Journal
Magazine named her "Outstanding CEO". GAMCO selected her as their
Manager of the Year for creation of shareholder value and inducted
her as the first woman into the GAMCO Hall of Fame. Public Board
Service includes: True Blue, Inc. (TBI), Spark Networks (LOV) and
Big5 Sporting Goods (BGFV). Brown is the former CEO of Fisher
Communications, Inc. (FSCI) a broadcasting and technology company.
She previously served on the boards of Fisher Communications
(FSCI), American Apparel (APP) during its reorganization, Boeing
Employee Credit Union (BECU), DataSphere Technologies, Classified
Ventures (Cars.com), Career Builder, Young
American's Bank, National Association of Broadcasters (NAB),
National Association of Television and Programming Executives
(NATPE), Television Bureau of Advertising (TVB) and Associated
Press (AP).
"I'm delighted to have Colleen take on the board chair
role. Her proven track record as a media and
technology CEO and extensive experience as a corporate
director will help drive growth and shareholder value
creation," said Eric Eichmann,
CEO of Spark Networks. "I want to thank David for his
many contributions as board chair and look forward to continue to
work with him as a board member and as a presiding committee
member."
About Spark Networks SE:
Spark Networks SE is a
leading global dating company, listed on the New York Stock
Exchange American under the ticker symbol "LOV," with headquarters
in Berlin, Germany, and offices in
New York and Utah. The Company's widening portfolio of
premium and freemium dating apps include Zoosk, EliteSingles,
SilverSingles, Christian Mingle,
Jdate, and JSwipe, among others. Spark Networks SE in its current
form is the result of the merger between Affinitas GmbH and Spark
Networks, Inc. in 2017 and the addition of Zoosk, Inc. in 2019.
Spark has approximately one million monthly paying subscribers
globally.
Safe Harbor Statement:
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, statements involving
known and unknown risks, uncertainties, and other factors that may
cause Spark Networks' performance or achievements to be materially
different from those of any expected future results, performance,
or achievements. These statements include statements regarding
Spark Networks being posed to build on Social Discovery services in
the second half of 2021, Spark Networks' work on partnerships to
bring new exciting features to its properties this year, Spark
Networks remaining on a strong path to growth and its excitement
about its long-term prospects, Spark Networks' evaluation of
capital structure alternatives to strengthen the balance sheet
going forward, and Spark Networks' financial outlook for full year
2021 revenue and full year 2021 Adjusted EBITDA.
Any statements in this press release that are not statements of
historical fact may be considered to be forward-looking statements.
Written words, such as "believes," "hopes," "intends," "estimates,"
"expects," "projects," "plans," "anticipates," and variations
thereof, or the use of future tense, identify forward-looking
statements. By their nature, forward-looking statements and
forecasts involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the near
future. There are a number of factors that could cause actual
results and developments to differ materially, including, but not
limited to, the risk that the benefits from the acquisition of
Zoosk, Inc. may not be fully realized or may take longer to realize
than expected; risks related to the degree of competition in the
markets in which Spark Networks operates; risks related to the
ability of Spark Networks to retain and hire key personnel,
operating results and business generally; the timing and market
acceptance of new products introduced by Spark Networks'
competitors; Spark Networks' ability to identify potential
acquisitions; Spark Networks' ability to comply with new and
evolving regulations relating to data protection and data privacy;
general competition and price measures in the market place; risks
related to the duration and severity of COVID-19 and its impact on
Spark Networks' business; and general economic
conditions. Additional factors that could cause actual results
to differ are discussed under the heading "Risk Factors" in Spark
Networks' Annual Report on Form 10-K for the year ended
December 31, 2020 and in other
sections of Spark Networks' filings with the Securities and
Exchange Commission ("SEC"), and in Spark Networks' other current
and periodic reports filed or furnished from time to time with the
SEC. All forward-looking statements in this press release are made
as of the date hereof, based on information available to the
Company as of the date hereof, and the Company assumes no
obligation to update any forward-looking statement except as
required by law.
For More
Information
Investors:
Christopher Camarra
Vice President of Investor Relations
christopher.camarra@spark.net
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SOURCE Spark Networks SE