Acquisitions and event partnerships
01 Settembre 2010 - 8:00AM
RNS Non-Regulatory
TIDMEZD
Easydate plc
01 September 2010
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| Date: | 1 September 2010 |
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| On behalf | Easydate plc ('Easydate', 'the Group' or 'the |
| of: | Company') |
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| Embargoed | 0700hrs |
| until: | |
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Easydate plc
* Two acquisitions increase Easydate portfolio
* Acquired a six-month licence for the Flirt.com domain
* Event partnerships with Metro, Cosmopolitan and Men's Health
Easydate plc (AIM: EZD), the internet-based dating operator, is pleased to
announce that it has acquired two new dating websites, a six-month licence for
the Flirt.com domain, and has entered into two new events partnerships with
Associated Newspapers and the National Magazine Company.
Acquisitions
Easydate has made two small acquisitions that should help its international
growth and expand its niche portfolio: it has acquired PlanetSappho.com, a
dating site aimed at femme lesbians, for GBP200,000 and Spanish based dating
site Granamor.com for GBP25,000.
Granamor.com was established in 2003 and has over 200,000 members. It will be
used as a platform to introduce other Easydate brands in Spanish speaking
markets.
PlanetSappho.com was established in October 2006 and has over 250,000 members
spread across the USA, UK, Canada, Australia, Ireland and New Zealand. This
acquisition will add to Easydate's niche portfolio and there should be the
opportunity to grow the site through cross marketing and increased market
exposure.
The addition of Granamor.com and PlanetSappho.com takes Easydate's portfolio
from 13 to 15 key sites.
Licence for Flirt.com
Easydate has entered into an agreement with dating website Flirt.com to license
the domain for an initial period of six months. Easydate will run the dating
service across English speaking markets with an option to acquire the domain
based on the performance over this period.
The Board believes that with its strong brand, Flirt.com will complement the
existing network of sites within the Group. Easydate will market the site
through its current channels.
Event partnerships
Easydate has entered into partnerships with Associated Newspaper's Metro
newspaper and the National Magazine Company's Cosmopolitan and Men's Health
magazines to promote two individual dating events in London scheduled over the
next month.
Metro prints 1.3 million copies of its paper daily across the UK and is the
largest free paper in the world and forth most read in the UK. Between them,
Cosmopolitan and Men's Health magazine have a readership of over 650,000 men and
women between the ages of 20 and 40. The participating outlets will promote
these events in their publications. If successful, the Company will roll out
such events nationwide.
Easydate has also extended the relationship with Metro to include an online
dating service under Metro's 'Urban Dating' brand which integrates fully with
the event partnership and replaces the current online offering.
Commenting on the news, Bill Dobbie, Chief Executive of Easydate, said:
"These two small acquisitions, combined with the Flirt.com licence, further
enhance the Company's position as a niche dating consolidator and are important
steps in growing Easydate into a more substantial global internet dating
business.
"Our event partnerships show that Easydate can work with the largest media
outlets in the UK to offer them new revenue streams and brand exposure
opportunities. We look forward to expanding this side of the business at the
same time as our growing WhiteLabel operation."
For further information please contact:
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| Easydate plc | Tel: +44 (0)131 220 |
| | 1313 |
+--------------------------------------+------------------------+
| Bill Dobbie, CEO | |
+--------------------------------------+------------------------+
| | |
+--------------------------------------+------------------------+
| Cenkos Securities plc | |
+--------------------------------------+------------------------+
| Ken Fleming | Tel: +44 (0)131 220 |
| | 6939 |
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| Jon Fitzpatrick | Tel: +44 (0)20 7397 |
| | 8900 |
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| | |
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| Redleaf Communications | Tel: +44 (0)207 566 |
| | 6700 |
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| Paul Dulieu / Rebecca Sanders-Hewett | easydate@redleafpr.com |
| / Mike Ward | |
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Notes to Editors
* Easydate plc listed on AIM in June 2010 and is a leading provider of online
dating services.
* Easydate has built a base of over 13 million registrants and over 9 million
members in 29 countries (those countries with over 1,000 members), with a
growing proportion of members coming from outside of the United Kingdom.
* Easydate offers a wide variety of online dating services allowing members to
interact with each other and access the content available on the Group's
websites. These websites are intended to appeal to dating users of diverse ages,
cultures and social interest groups. The Group's most heavily visited websites
include www.benaughty.com, www.cupid.com, www.girlsdateforfree.com and
www.datetheuk.com. The Group also promotes the niche brands
www.datingforparents.com, www.speeddater.com and www.maturedating.co.uk
* Further information on the Company can be found at www.easydategroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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