Contact Information: For More Information Media: Gail Laguna + 1-323-836-3000 ext. 4402 Investors: Brett Zane + 1-323-836-3000 ext. 4001
Spark Networks(R) Reschedules Fourth Quarter and Full Year 2007 Results Conference Call
Secures $30 Million Revolving Credit Facility
| Source: Spark Networks
BEVERLY HILLS, CA--(Marketwire - February 14, 2008) - Spark Networks, Inc. (AMEX : LOV ), a
leading provider of online personals services, announced that it has
rescheduled its investor conference call to discuss its results for the
fourth quarter and full year ended December 31, 2007 solely to permit its
independent auditors additional time to complete their review of the
Company's income tax provision specifically as it relates to valuation
allowances in connection with the Company's deferred tax assets. The
Company will reschedule its conference call once the auditors have
completed their review of this item.
Separately, the Company said that today it closed a $30 million secured
revolving credit facility with Bank of America.
Adam Berger, Chairman and Chief Executive Officer of Spark Networks,
stated, "This $30 million credit facility, combined with our strong balance
sheet and cash flow will provide increased financial flexibility to fund
growth initiatives or other opportunities to enhance shareholder value by
increasing long-term return on equity."
About Spark Networks, Inc.:
The Spark Networks portfolio of online personals communities includes,
among others, Jdate®.com (www.jdate.com), AmericanSingles®.com
(www.americansingles.com), BlackSingles.com® (www.blacksingles.com), and
ChristianMingle®.com (www.christianmingle.com). More information can be
found on the Company's website at: www.spark.net.