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FriendFinder Networks Inc. Announces Pricing of Initial Public Offering of 5,000,000 Shares of Common Stock
(Boca Raton, FL – May 10, 2011) FriendFinder Networks Inc. (the "Company") announced today that it has priced its previously announced underwritten initial public offering of 5,000,000 shares of common stock at a per share price of $10.00 per share for gross proceeds to the Company of $50,000,000. The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock. The offering is expected to close on or about May 16, 2011. The shares are expected to begin trading on the Nasdaq Global Market on May 11, 2011 under the symbol “FFN.”

Imperial Capital, LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE AMEX:LTS - News), served as joint bookrunners for the offering.

The Company intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission ("SEC"). The public offering will be made only by means of a prospectus which, when available, may be obtained by writing or calling the prospectus department at Imperial Capital, LLC, Prospectus Department, 2000 Avenue of the Stars, 9th Floor, South Tower, Los Angeles, CA 90067 or Ladenburg Thalmann & Co. Inc., 520 Madison Avenue, 9th Floor, New York, New York 10022.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
FriendFinder Networks Inc. Announces Acquisition of PerfectMatch.com
SUNNYVALE, Calif., July 18, 2011 /PRNewswire via COMTEX/ -- FriendFinder Networks Inc. ("FFN")(NasdaqGM: FFN), a leading internet and technology company providing services in the rapidly expanding markets of social networking and web-based video sharing, today announced the acquisition of PerfectMatch.com from Matrima, Inc. PerfectMatch.com is a leading online relationship service helping adults seeking successful, lasting connections. Adding to FriendFinder Networks' vast portfolio of social networking sites, PerfectMatch.com is a welcome addition to the platform of FFN's general audience websites.

"This is an exciting opportunity for FriendFinder Networks as it expands our presence in the general audience social networking arena," says Marc Bell, Chief Executive Officer of FriendFinder Networks Inc. "This is the first step in an acquisition strategy that will strengthen our business and continue our growth."

Unique to PerfectMatch.com is the Duet® Total Compatibility System, which analyzes the "whole person" to find friends, taking into account each member's personality, values and ideals, life and love-style preferences to identify and find the person right for them. This proprietary system enables PerfectMatch.com to provide the best online capabilities and member experience to those seeking true love, a relationship or marriage.

In conjunction with the acquisition, PerfectMatch.com founder Duane Dahl will join FriendFinder Networks as General Manager of the Company's general audience dating websites group, including Amigos.com, AsiaFriendFinder.com, BigChurch.com and SeniorFriendFinder.com. Mr. Dahl's experience and knowledge in the area of entertainment integration helped to forge partnerships for PerfectMatch.com with numerous world-class brands, including Sony Pictures, Warner Bros., NBC Universal, iVillage and MSNBC. PerfectMatch.com has been featured prominently in numerous films and TV shows including Lifetime Original Movie "Perfect Romance," "Must Love Dogs" starring Diane Lane and John Cusack, a special one hour Valentine's "Dr. Phil" show, dedicated entirely to PerfectMatch.com, "Good Luck Chuck" starring Jessica Alba, "Dancing With the Stars" and "Paul Blart: Mall Cop," starring Kevin James.
pleite:

FriendFinder Networks Announces Effective Date of Plan of Reorganization; Emerges from Chapter 11 Bankruptcy Protection

(Sunnyvale, CA – December 23, 2013) FriendFinder Networks Inc., a leading internet and technology company providing services in the social networking and web-based video sharing markets, announced today that its plan of reorganization has become effective and the Company has emerged from bankruptcy protection.

The plan of reorganization becomes effective just three months after the Company filed for bankruptcy protection in order to strengthen its balance sheet and enable FriendFinder Networks to grow its flagship brands. Through this process, the Company’s annual interest expense is expected to be reduced by over $50 million and approximately $300 million of secured debt will be eliminated. As part of the reorganization, the Company’s shares are being deregistered and will no longer trade on the open market.

FriendFinder Networks’ founder and majority equity holder, Andrew Conru, is the reorganized Company’s Chairman and Chief Executive Officer. Anthony Previte serves as President and Chief Operating Officer.

The plan of reorganization was overwhelmingly supported by the Company’s stakeholders. Under the terms of the plan, the 14% Senior Secured Notes due 2013 have been exchanged for new notes in the same principal amount, plus certain cash consideration. Holders of the 11.5% Non-Cash Pay Secured Notes due 2014 and 14% Cash Pay Secured Notes due 2013 receive substantially all of the new common stock to be issued by reorganized FriendFinder Networks, plus certain cash consideration subject to compliance with certain conditions.

FriendFinder Networks is being advised by the law firm of Greenberg Traurig LLP and Akerman LLP and financial advisor SSG Capital Advisors, LLC.


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