FriendFinder Networks Inc. Announces the Filing of an Amendment to Its Registration Statement on Form S-1 for an Initial Public Offering of Its Common Stock
Posted on: Tuesday, 13 October 2009, 07:45 CDT
BOCA RATON, Fla., Oct. 13 /PRNewswire-FirstCall/ -- FriendFinder Networks Inc. today announced that it has filed Amendment No. 4 to its Registration Statement on Form S-1 with the Securities and Exchange Commission for an initial public offering of its common stock. The IPO process is expected to be completed by the end of 2009. FriendFinder Networks Inc. intends to list its common stock on the New York Stock Exchange under the symbol "FFN."
FriendFinder Networks Inc. intends to use the net proceeds of the public offering to redeem a portion of its outstanding senior secured indebtedness and to pay waiver fees to certain debtholders.
A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, when available, may be obtained by writing or calling Ezra Shashoua, FriendFinder Networks Inc., 6800 Broken Sound Parkway, Boca Raton, FL 33487 (Tel: 561-912-7000).
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different.
About FriendFinder Networks Inc.
FriendFinder Networks Inc. is a leading internet-based social networking and multimedia entertainment company operating several of the most heavily visited social networking websites in the world, particularly with respect to its adult-oriented websites. In addition, the FriendFinder Networks family of companies produces and distributes original pictorial and video content, licenses its globally recognized Penthouse brand to a variety of consumer companies and entertainment venues, and publishes branded men's lifestyle magazines.
SOURCE FriendFinder Networks Inc.
Source: PR Newswire
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