BERLIN, Sept. 27, 2021 /PRNewswire/ -- Spark
Networks SE (NYSE American: LOV), a leading social dating platform
for meaningful relationships which includes premium brands such
as Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, today
announced that it has engaged MKR Investor Relations, Inc. ("MKR")
to assist with its investor relations program and support efforts
to broaden visibility within the institutional investor community
in the United States.
Founded in 1999, MKR partners with micro-cap and small-cap
technology companies to execute proactive, strategic investor
communications programs that enhance long-term shareholder value.
MKR's team includes capital markets veterans and senior
communications professionals who bring in-depth sector knowledge
and longstanding relationships with institutional investors and
research analysts.
"I've worked with MKR in the past to increase investor awareness
successfully, and I am excited to tell the Spark story and our plan
to drive sustainable revenue growth," said David Clark, CFO of Spark Networks. "Spark has
created a leading social dating platform for meaningful
relationships in the 40 plus demographic and religious dating
segment with its strong portfolio of brands, and we are executing a
plan to capture an increased market share of the $2.3 billion online dating market we serve. Every
quarter Spark registers more than 3 million users and we have more
than 870,000 paying subscribers to our properties, creating a
significant recurring revenue model. We look forward to working
with MKR to communicate our plan to drive sustainable revenue
growth and build long-term value for our shareholders."
About Spark Networks SE
Spark Networks SE is a leading global dating company,
listed on the New York Stock Exchange American under the ticker
symbol "LOV," with headquarters in Berlin, Germany, and offices in New
York and Utah. The Company's widening portfolio of
premium and freemium dating apps include Zoosk, EliteSingles,
SilverSingles, Christian Mingle,
Jdate, and JSwipe, among others. Spark Networks SE in its
current form is the result of the merger between Affinitas
GmbH and Spark Networks, Inc. in 2017 and the
addition of Zoosk, Inc. in 2019. Spark has approximately
one million monthly paying subscribers globally.
About MKR Investor Relations, Inc.
MKR Investor Relations, Inc. provides full-service investor
relations programs, seamlessly bridging the gap between existing
and prospective investors and public company management. MKR's
proactive program leverages longstanding and established
relationships with buy-side investors and sell-side analysts to
increase a public company's visibility and liquidity while
maximizing its credibility. MKR's proactive approach includes
targeted investor marketing and works to develop a broader and more
diversified ownership base and increased analyst coverage. With an
in-depth knowledge of the capital markets, MKR's results-oriented
program offers an unmatched commitment to tangible results, making
MKR distinctive among its peers. For more information, visit us at
www.mkr-group.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, statements involving known and unknown risks,
uncertainties, and other factors that may cause Spark
Networks' performance or achievements to be materially
different from those of any expected future results, performance,
or achievements. These statements include statements
regarding Spark Networks being posed to build on Social
Discovery services in the second half of 2021, Spark
Networks' work on partnerships to bring new exciting features
to its properties this year, Spark Networks remaining on
a strong path to growth and its excitement about its long-term
prospects, Spark Networks' evaluation of capital
structure alternatives to strengthen the balance sheet going
forward, and Spark Networks' financial outlook for full
year 2021 revenue and full year 2021 Adjusted EBITDA. Any
statements in this press release that are not statements of
historical fact may be considered to be forward-looking statements.
Written words, such as "believes," "hopes," "intends," "estimates,"
"expects," "projects," "plans," "anticipates," and variations
thereof, or the use of future tense, 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, the risk that the benefits from the acquisition
of Zoosk, Inc. may not be fully realized or may take
longer to realize than expected; risks related to the degree of
competition in the markets in which Spark
Networks operates; risks related to the ability of Spark
Networks to retain and hire key personnel, operating results
and business generally; the timing and market acceptance of new
products introduced by Spark
Networks' competitors; Spark Networks' ability to
identify potential acquisitions; Spark Networks' ability
to comply with new and evolving regulations relating to data
protection and data privacy; general competition and price measures
in the market place; risks related to the duration and severity of
COVID-19 and its impact on Spark Networks' business; and
general economic conditions. Additional factors that could
cause actual results to differ are discussed under the heading
"Risk Factors" in Spark Networks' Annual Report on Form
10-K for the year ended December 31, 2020 and in other
sections of Spark Networks' filings with
the Securities and Exchange Commission ("SEC"), and
in Spark Networks' other current and periodic reports
filed or furnished from time to time with the SEC. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to the Company as of
the date hereof, and the Company assumes no obligation to update
any forward-looking statement except as required by law.
Contact
Investors:
Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
lov@mkr-group.com
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SOURCE Spark Networks SE
