Dating world. (Wall Street West).MatchNet PLC, an online dating service 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. , has acquired sole ownership of its Australian operations and acquired the rights to its Australian Web site, domain names and trademarks. MatchNet paid $75,000 to buy out ECAT ECAT Escambia County Area Transit ECAT Emergency Committee for American Trade ECAT Electronic Commerce Action Team (New Zealand) Ecat equilibrium catalyst ECAT electronic card assembly and test ECAT Electronic Commerce Acquisition Team Development Capital Ltd., an Australian venture capital firm, said Joe Shapira, MatchNet's chief executive. "It's kind of housecleaning house·clean·ing n. 1. The cleaning and tidying of a house and its contents. 2. Informal Removal of unwanted personnel, methods, or policies in an effort at reform or improvement. ," said Shapira said. "They were supposed to market the Web site and they weren't doing it, so we decided to take over the property and manage it like we know how." MatchNet has about 70 employees and is based in Beverly Hills, though its stock traded on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . The company operates Jdate.com, a popular dating site for Jewish singles, among other dating sites. MatchNet reported net income of $937,288 for the six months ended June 30, compared with a loss of $6.1 million in the like-year earlier period. Revenues in the first six months were up 83 percent, to $7.8 million. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion