FriendFinder Networks Announces FriendFinder Ventures
FriendFinder Networks Forms Venture Capital Subsidiary to Help Growing Businesses
BOCA RATON, Fla., Jan. 5, 2011 /PRNewswire/ -- In its continued initiative for growth and ongoing expansion, FriendFinder Networks Inc. announced today the formation of its new subsidiary FriendFinder Ventures Inc. FriendFinder Ventures will focus on strategic relationships and investment opportunities in online, gaming, mobile and software based companies.
Marc Bell, FriendFinder Networks CEO, says, "The consumer internet marketplace is a significant part of our business and FriendFinder Ventures will continue to allow us to increase our sizable presence and development in that area while maintaining FriendFinder Networks' position as an industry leader in the social networking arena."
In addition to pursuing investment opportunities, FriendFinder Ventures will also focus on entering into strategic relationships and offering its expertise to companies ranging from those already in operation to new start ups in the areas of revenue enhancement, technology and infrastructure, user experience, recruiting and exploring financial opportunities. With access to the FriendFinder Networks' platforms, FriendFinder Ventures is poised for success by being able to bring its expertise to help companies reach their target consumer.
About FriendFinder Networks Inc.
FriendFinder Networks Inc. (www.FFN.com) is a leading Internet-based social networking company operating over 30,000 websites with more than 405 million registrants in 185 countries. The Company operates several of the most heavily visited social networking websites in the world, particularly with respect to its adult-oriented websites. In addition, the FriendFinder Networks family of companies produces and distributes original pictorial and video content, licenses its globally recognized Penthouse brand to a variety of consumer companies and entertainment venues, and publishes branded men's lifestyle magazines.
Media Contact for FriendFinder Networks |
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Lindsay Trivento |
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561.912.7010 or [email protected] |
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SOURCE FriendFinder Networks Inc.
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