4 Jun 2013 15:52
| Date: | 04 June 2013 |
| On behalf of: | Cupid plc ('Cupid', the 'Company' or the 'Group') |
| Embargoed until: | Immediate release |
Cupid plc
Update
The Board of Cupid plc has noted misleading comments posted by market commentators speculating that the Company's cash position is markedly worse than reported in our RNS on March 25th. For the avoidance of doubt the Board would like to make it clear to the market that we expect to have a positive EBITDA in Q2 and that our cash position at the end of June is expected to be in excess of £10m.
For further information please contact:
Cupid plc | Tel: +44 (0)131 526 3600 |
Bill Dobbie, CEO Niall Stirling, CFO | |
Peel Hunt LLP (Nominated Adviser and Broker) | Tel: +44 (0)207 418 8900 |
Richard Kauffer Daniel Harris | |
Redleaf Polhill | |
Rebecca Sanders-Hewett Dwight Burden David Ison | Tel: +44 (0)207 382 4730 cupid@redleafpr.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 and www.girlsdateforfree.com. The Group also promotes the niche brands www.datingforparents.com, www.indiandating.com, www.loveagain.com and www.uniformdating.com.
§ Cupid plc products are available across the web and also via mobile application stores.
§ Further information on the Company can be found at www.cupidplc.com.
IDE.L (IDE)