Spark Networks plc

euro adhoc: Spark Networks plc
Spark Networks Reports First Quarter 2007 Financial Results

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


BEVERLY HILLS, California, May 3 -- Spark Networks plc (MHJG: Prime Standard Frankfurt, LOV: AMEX), a leading provider of online personals services, today reported first quarter 2007 financial results.

@@start.t2@@Reported revenue for the first quarter of 2007 was USD16.8 million, flat
compared to the same period in 2006.
      The Company reported a net loss of USD(2.0) million, or USD(0.06) per share,
for the first quarter of 2007, compared to net income of USD 710,000, or USD0.02
per share, for the same period in 2006. Contributing to the loss in the first
quarter was impairment expense of approximately USD1.9 million, related to the
impairment of the book carrying value of goodwill under U.S. GAAP FAS 142
related to AmericanSingles and USD1.1 million in share-based compensation
expense related to the acceleration of vesting and extension of the exercisable
period of options for our former CEO and current Chairman of the Board, in
connection with his resignation as CEO of the Company.
      EBITDA (earnings before interest, taxes, depreciation and amortization) loss
for the first quarter of 2007 was USD(1.4) million, compared to EBITDA of USD1.8
million during the same period in 2006. Contributing to the decline in EBITDA
were costs of approximately USD500,000 related to the Company's Scheme of
Arrangement, which, pending shareholder approval, is intended to establish the
Company as a Delaware corporation as well as expenses related to compliance
under the U.S. Sarbanes-Oxley Act.
      Average paying subscribers in the first quarter of 2007 were 231,313,
compared to 230,641, from the same period in 2006.

      Investor Conference Call and Webcast:
      The Company will discuss its financial results during a live teleconference
today at 10:30 p.m. Frankfurt time (1:30 p.m. Pacific time).

      Call Title:                        Spark Networks Q1 '07 Financial Results
      International:                  +1-973-935-2986
      Confirmation #:                 8685977

      One-Week Replay
      International:                  +1-973-341-3080
      PIN Number:                        8685977

      The company will also host a webcast of the call which will be accessible on
the company's website in the Investor Relations section:

About Spark Networks plc:        Spark Networks' American Depository
Shares trade on the American Stock Exchange under the symbol "LOV,"
and its Global Depositary Shares trade on the Frankfurt Stock
Exchange under the symbol "MHJG."  The Spark Networks portfolio of
consumer websites includes, among others, JDate(R).com
(, (, ( and

@@start.t3@@end of announcement                                                 euro adhoc 03.05.2007 22:00:57

ots Originaltext: Spark Networks plc
Im Internet recherchierbar:

Further inquiry note:
Investors, Mark Thompson,, or Media, Gail Laguna,, both of Spark Networks plc, +1-323-836-3000

Branche: Electronic Commerce
ISIN:      US8465131097
WKN:        A0DPY1
Index:    Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade

Weitere Meldungen: Spark Networks plc

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