American IDC To Expand Into Nine Niche Online Dating Sites.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 7, 2003 American IDC Corp. (OTC-PK: ACNI ACNI Arts Council of Northern Ireland ACNI Azienda Comunale per la Navigazione Interna (Municipal Company for Inland Navigation, Italy) ) announced today its plans to launch nine dating sites each covering a different `niche' market in a development agreement with the site owners. "We are making great strides in our entry into the online dating business. On December 27, 2002 we announced the acquisition of MatchRanger.com and now only eleven days later we are announcing our letter of intent to fully develop nine additional online dating sites. Even in the warp speed warp speed n. Informal An extremely rapid speed or state of activity: "A young pronghorn antelope teased a yearling wolf, shifting into warp speed and leaving the wolf in the dust when it tried to pursue" of the Internet world that is considered extremely fast progress," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. American IDC president, Gordon Lee Gordon Lee may refer to:
There is an approximate thirty day due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. period for all parties to work out final details under the letter of intent. Upon execution of the definitive agreement the Company will announce the names of each of the nine different online dating sites. Mr. Lee stated that, "While we are waiting for the final details to be worked out, we can say at this time that these web sites will focus on various niche demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. that we believe will be the future of online dating. For example, there will be a dedicated web site just for Jewish singles, Christian singles, Afro-American singles, Asian-American singles, Hispanic-American singles and various others. We are making this move to get a jump on the competition that is still in the `one-site fits all mode,' rather than cater to the special cultural interests of singles. With our targeted approach we expect to be able to develop a very large niche specific database for each of the nine different matchmaking Matchmaking Matricide (See MURDER.) Kecal marriage broker whose plans are foiled by a pair of lovers. [Czech Opera: Smetana The Bartered Bride in Osborne Opera, 32] Levi, Dolly web sites putting us in the forefront of online dating companies." "To our knowledge, we are the only public company that is 100% focused on the acquisition, development and management of online dating web sites. Recent articles in the Wall Street Journal have discussed the huge growth and profitability of online dating. Combine this with Barry Diller's recent purchase of one online dating company (symbol UDAT UDAT You Doing Anything Tomorrow ) for $150 million and it confirms that we have made the right decision to go forward in this direction," according to Lee. The letter of intent with the developers of the nine niche online dating site domains was arranged by MergersLawyer.net, Inc., through its Managing Director, Gerald R. Newman, Esq., one of the principals who is leading a team of specialists in the development of `next generation' online dating services A Net dating service, also known as online dating or Internet dating, is an example of a dating system and allows individuals, couples and groups to meet online and possibly develop a romantic or sexual relationship. . In other news American IDC also announced: -- It is in the process of evaluating several investment proposals from private groups. -- It is continuing discussions with a number of other online dating operations that have expressed an interest in being acquired by the Company. -- It will begin hiring additional staff to handle the anticipated increase in business activities as a result of its ongoing acquisition program. -- In light of its business model of growing by acquisition, as well as by internal expansion of Company-owned matchmaking web services, American IDC will be taking steps shortly to change its corporate name to MatchMerge, Inc., a name that better describes its mission. -- It will shortly be applying for a listing on the Over-The-Counter Bulletin Board (OTC-BB) and then begin the process of expanding its market-maker network. About American IDC American IDC is in the business of providing matchmaking and other online services for the approximate 100 million singles living in the U.S.A. For additional information see: www.MatchMerge.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. |
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