Contact Information: Contacts: Investors: Brett Zane + 1 323 658 3000 ext. 4001 Media: Gail Laguna + 1 323 658 3000 ext. 4402
Spark Networks(R) Increases Size of Open Market Stock Buyback Program by an Additional 500,000 Shares
| Source: Spark Networks
BEVERLY HILLS, CA--(Marketwire - March 14, 2008) - Spark Networks, Inc. (AMEX : LOV ), a
leading provider of online personals services, has increased the size of
its previously announced share repurchase program from 1.0 million shares
to 1.5 million shares.
Purchases under the plan will be made from time to time, in the open market
by a broker. The plan will be conducted in compliance with the requirements
of Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934.
About Spark Networks, Inc.:
The Spark Networks portfolio of consumer websites includes, among others,
JDate®.com (www.jdate.com), AmericanSingles®.com
(www.americansingles.com), BlackSingles.com® (www.blacksingles.com), and
ChristianMingle®.com (www.christianmingle.com).
Safe Harbor Statement:
This press release contains forward-looking statements. Any statements in
this news release that are not statements of historical fact may be
considered to be forward-looking statements. Written words, such as "may,"
"will," "expect," "believe," "anticipate," "estimate," "intends," "goal,"
"objective," "seek," "attempt," or variations of these or similar words,
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 our
ability to: attract members; convert members into paying subscribers and
retain our paying subscribers; develop or acquire new product offerings and
successfully implement and expand those offerings; keep pace with rapid
technological changes; maintain the strength of our existing brands and
maintain and enhance those brands and our dependence upon the
telecommunications infrastructure and our networking hardware and software
infrastructure; identify and consummate strategic acquisitions and
integrate acquired companies or assets; obtain financing on acceptable
terms; and successfully implement our current long-term growth strategy.
For a discussion of these and further risks and uncertainties, please see
our filings with the Securities and Exchange Commission. We file annual,
quarterly and special reports, proxy statements and other information with
the SEC. You may read and copy any reports, statements or other information
that we file at the SEC's public reference room at 100 F Street, N.E.,
Washington, D.C., 20549. Please call the SEC at 1-800-SEC-0330 for further
information on the public reference room. Our public filings with the SEC
also are available from commercial document retrieval services and at the
web site maintained by the SEC at http://www.sec.gov.