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Enron Mail |
Press Release
SOURCE: uDate.com, Inc. uDATE REPORTS SUBSTANTIAL GROWTH IN SUBSCRIPTION RECEIPTS AND NEW REGISTERE= D MEMBERS NEW YORK, June 5 /PRNewswire/ -- uDate.com, Inc. (OTC Bulletin Board: UDAT = - news), the online personals group providing dating and matchmaking servic= es globally through the two leading brands http://www.udate.com and http://= www.kiss.com, today reports continued growth in registered members and subs= cription receipts for both April and May 2001. During April 2001 the compan= y recorded 275,440 new registered members and took $1,435,610 in membership= subscriptions. May 2001 showed continued growth with 385,425 new registere= d members and 1,542,434 in membership subscriptions. ``I am delighted with the company's strong and consistent growth which is i= n line with our expectations. These results are spectacular and clearly dem= onstrate the progress we are making with the development of the business an= d the consolidation of Kiss.com. Our total membership database now extends = to 4,546,236 registered members and our position as the leading publicly tr= aded business dedicated to this market sector is now firmly established,'' = said Mel Morris Chief Executive Officer of uDate.com, inc. As a direct result of the growth during April and May, 2001 the uDate.com w= eb site has been regularly hosting an estimated 4,500 online users during p= eak hours, up from 3,500 users during the first quarter of 2001. ``In analyzing the uDate.com and Kiss.com applications we have identified a= number of opportunities which we intend to take advantage of. Our technolo= gy team is currently working on the integration and optimization of the app= lications and we expect to complete this work during Q3 2001. At that point= we will consider further consolidation opportunities,'' Morris added. About uDate.com, Inc. uDate.com, Inc. operates high-quality web sites that serve the online singl= es community. The company stresses service, efficiency and personal securit= y through its two leading brands uDate.com (http://www.udate.com) and Kiss.= com (http://www.kiss.com). uDate.com was launched commercially in February 1999 to provide a comprehen= sive Internet dating service featuring extensive customer profiles, sophist= icated matchmaking technology and fully integrated instant messaging capabi= lities. uDate.com operates at the top end of its market sector with more th= an 1.8 million registered members and provides features that surpass the mo= st professional off-line dating services. Kiss.com was launched in 1995 and is a market leader in the provision of on= line picture personals. Kiss' product offering provides its more than 2.7 m= illion registered members with immediate opportunities for dating and roman= ce, as well as a number of off-line services such as special events. Both uDate.com and Kiss.com web sites offer free registered membership. A r= egistered member of either web site may post their profile and photographs = and utilize the search or matchmaking features offered by the site. To enab= le communication with other members however, registered members must purcha= se a subscription. Subscription plans are available allowing communication = for periods of five days to 24 months. Forward-Looking Statements Subscription receipts as stated in this release relate to paid memberships = purchased during the period stated. Revenues reported in SEC filings are pr= epared subject to US GAAP and are based on subscription receipts for the pe= riod, adjusted for deferred revenues to take account of membership pre-paym= ents. Certain statements in this press release that do not contain historical fac= ts or information are ``forward-looking statements'' within the meaning of = Section 27A of the Securities Act of 1933 and Section 21E of the Securities= Exchange Act of 1934. Forward-looking statements include those (a) that co= ntain the words ``may,'' ``will,'' ``should,'' ``estimates,'' ``predicts,''= ``potential,'' ``continue,'' ``strategy,'' ``believes,'' ``anticipates,'' = ``plans,'' ``expects,'' ``intends,'' and similar expressions, (b) that desc= ribe any of the Company's or management's plans, objectives or goals for fu= ture operations and products, or © that concern the characteristics and g= rowth of the Company's markets or customers or products or the expected liq= uidity and capital resources of the Company. Such forward-looking statement= s involve known and unknown risks, uncertainties and other factors which ma= y cause the actual results, levels of activity, performance or achievements= of the Company to be materially different from any future levels of result= s, activity, performance or achievements expressed or implied by such forwa= rd-looking statements. Such risks include, among others, those set forth in= the Company's Annual Report on Form 10-KSB under the heading, ``Risk Facto= rs'' contained within Item 6. Management's Discussion and Analysis or Plan = of Operations. Such Risk Factors include the following: risks related to th= e Company's financial condition and business model, risks related to the Co= mpany's markets and strategy, risks related to the internet and the Company= 's technology infrastructure, risks related to government regulation, and r= isks related to volatility in the price for the Company's securities and th= e effect of future sales of the Company's common stock. For a detailed disc= ussion of these risk factors and other cautionary statements, please refer = to the Company's filings with the Securities and Exchange Commission, inclu= ding the Company's Annual Report on Form 10-KSB for the most recently ended= year. SOURCE: uDate.com, Inc.
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