Online Dating and Auction Company Luvoo.com Now Pursuing Listing on Frankfurt Stock Exchange in Germany.
The Frankfurt Stock Exchange is one of the world's largest trading centers for securities. With a share in turnover of around 90 percent, it is the largest of the eight German stock exchanges. This leading exchange facilitates advanced electronic trading, settlement and information systems. The advanced technology enables the exchange to meet the steadily growing requirements of cross-border trading. In addition to traditional floor trading, it has one of the leading electronic trading platforms in the world known as Xetra[R]. For more information on the Frankfurt Stock Exchange, please visit www.exchange.de.
L. Yvonne Vanhoek, President of Luvoo.com, stated, "We have decided to pursue overseas listing based on our continued global expansion of our online dating websites and strong European interest in Emerging Growth companies." Mrs. Yvonne Vanhoek further stated, "Listing on The Frankfurt Stock Exchange may generate substantial liquidity in our common stock while providing German and European investors the opportunity to become shareholders."
Unlike many industries, Luvoo.com's financial model is based on month over month residual revenue from online dating subscribers. Currently, over 60 million Americans are single and could use online dating services. Numbers are greatly larger when factoring in the global online dating experience. Most of these services charge a monthly fee ranging from $12.99 to $29.95. Luvoo.com is FREE for a limited time only. Management projects accelerated residual revenue to follow there after. The online dating subscriber fee, along with listing enhancement fees from Luvoo's online auction site, gives Luvoo the added advantage.
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.
Luvoo.com (PINKSHEETS: LUVT) is a US corporation which is aggressively gaining market share in the on-line dating industry. The companies' strategy for growth is through celebrity endorsement, aggressive large scale advertising, affiliate business opportunities and patent pending concepts and technology such as "The Luvoo Dating Card", "Verified Member" and "Instant Notifier".
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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|Date:||Dec 7, 2006|
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