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15 Jun 2012 07:00
| Date: | 15 June 2012 |
| On behalf of: | Cupid plc ('Cupid', the 'Company' or the 'Group') |
| Embargoed until: | 0700hrs |
Cupid plc
AGM Statement
Cupid plc (AIM: CUP), a global leader in online dating, will hold its Annual General Meeting today at 2pm. At the meeting, the Chairman will issue the following update on current trading.
"During the first half of 2012, the Company has seen rapid growth in the popularity of its products, in particular within the new markets of the US and Europe and consequently the Board is confident that it will meet current full year market expectations.
"We are currently investigating several acquisition opportunities which are within our normal pricing and performance parameters, and will update progress as and when appropriate.
"The online dating space globally remains a growing market in which to do business with the increasing prevalence of smartphones and social networking sites offering new ways to interact socially. Cupid is already investing in the creation of some exciting new products to enhance its presence in this social and mobile environment. We will update further on this in Q4 2012."
Notice of results
The Company expects to announce a pre-close trading statement in early July and its half year results to 30 June 2012 on 3 September 2012. An analyst briefing will be held on the day of the results at 9.30am. In addition, an analyst and investor day with the management team will be held on 3 July at 11am. Both events will take place at Redleaf Polhill, 11-33 St John Street, London EC1M 4AA. For more information, or to register to attend, please contact Henry Columbine at Redleaf Polhill on 020 7566 6720 or hc@redleafpolhill.com.
For further information please contact:
Cupid plc | Tel: +44 (0)131 220 1313 |
Bill Dobbie, CEO Mark Doughty, CFO | |
Peel Hunt LLP (Nominated Adviser and Broker) | Tel: +44 (0)207 418 8900 |
Richard Kauffer Daniel Harris | |
Redleaf Polhill | Tel: +44 (0)207 566 6720 |
Henry Columbine Luis Mackness | cupid@redleafpolhill.com |
Notes to Editors
§ Cupid plc listed on AIM in June 2010 and is a leading provider of online dating services.
§ Cupid has built significant and growing revenues in 15 countries.
§ Cupid offers a wide variety of online dating services allowing members to interact with each other and access the content available on the Group's websites. These websites are intended to appeal to dating users of diverse ages, cultures and social interest groups. The Group's most heavily visited websites include www.cupid.com, www.flirt.com, www.benaughty.com, www.girlsdateforfree.com and www.datetheuk.com. The Group also promotes the niche brands www.datingforparents.com, www.speeddater.com and www.maturedating.co.uk.
§ The majority of services are also available via Apple and Android App Stores for mobile users as well as through their own Facebook apps, e.g. http://apps.facebook.com/cupidcom and http://apps.facebook.com/benaughtynow.
§ Further information on the Company can be found at www.cupidplc.com.
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