uDate.com, inc. Completes Kiss.com Acquisition to Become Largest Publicly Traded Entity in the Sector With 4 Million Members; Reports Strong First Quarter Subscriptions

- Q1-2001 Membership Subscription Receipts Show 12-Fold Increase Over Q1-2000

And 55 Percent Over Q4-2000 -



Apr 03, 2001, 01:00 ET from uDate.com, inc.

    NEW YORK, April 3 /PRNewswire/ -- uDate.com (OTC Bulletin Board:   UDAT)
 announced today that it completed the Kiss.com acquisition for US$19.1 million
 on March 29, 2001.
     "The closing of the Kiss.com acquisition marks a significant milestone for
 uDate positioning us as one of the top three players in the Internet dating
 sector along with Ticketmaster's Match.com and Terra Lycos' Matchmaker web
 properties," noted Mel Morris, Chief Executive Officer, uDate.com, inc.  "In
 addition, with almost four million registered members, I believe uDate.com,
 inc. is now the largest publicly traded entity dedicated to the sector.  We
 expect to see more consolidation in this sector and will consider further
 acquisitions that can predictably contribute towards the profitable growth of
 our business," stated Morris.
     uDate also reported significant growth in Q1-2001 subscription receipts
 and registered members.  As of April 2, 2001, the uDate.com web site had
 1,500,785 registered members up 41 percent on Q4-2000 (1,062,880).
 Subscription receipts for the first quarter 2001 were $1,518,761, representing
 a 55 percent increase over the fourth quarter of 2000 ($982,455) and a 12-fold
 increase over the same period last year ($118,692).
 
                          uDate.com web site analysis
                              (Excluding Kiss.com)
     Quarter      Marketing     New Reg.   Mktg Cost  New Paying Subscription
     Costs          Members /Reg. Member Subscribers    Receipts
     Q1+Q2-2000  $1,529,249      187,863       $8.14      12,731     $407,043
     Q3-2000     $2,078,674      522,704       $3.98      25,173     $798,367
     Q4-2000       $842,198      261,926       $3.21      17,938     $982,455
     Q1-2001   est.$800,000      430,085       $1.86      30,727   $1,518,761
 
     "This is a significant achievement which clearly demonstrates the strong
 and consistent growth of our business," said Morris.  "During last two
 quarters, we have refined our business model, targeted our advertising and
 enhanced our services.  In particular, at the end of February 2001, changes
 were made to the uDate.com application to increase the interaction between
 members and to better manage inactive member profiles.  Almost immediately,
 the conversion ratio of new registered members to paying subscribers increased
 substantially.  Significantly, and as a direct result of these changes almost
 50 percent of the first quarters' subscription receipts ($776,244) were
 generated in the last 36 days of the current quarter.
     "We are pleased that our investors and shareholders have had the
 opportunity to witness our first quarter results in isolation of the Kiss
 acquisition," continued Morris. "With uDate and Kiss combined, we believe our
 second quarter should yield subscription receipts in excess of $4M. In March
 2001, the combined web sites attracted more than 305,000 new registered
 members and achieved subscription receipts in excess of $1.38M for the month."
 
     About uDate.com, inc.
     uDate.com, inc. operates high-quality web sites that serve the online
 singles community. The company stresses service, efficiency and personal
 security through its two leading brands uDate.com (http://www.udate.com) and
 Kiss.com (http://www.kiss.com).
     uDate.com was launched commercially in January, 1999 to provide a
 comprehensive Internet Dating service featuring extensive customer profiles,
 sophisticated matchmaking technology and fully integrated instant messaging
 capabilities. uDate.com operates at the top end of its market sector with
 1.5 million registered members and provides features that surpass the most
 professional off-line dating services.
     Kiss.com was launched in 1995 and is a market leader in the provision of
 online picture personals with more than 2.3 million profiles.
     Both uDate.com and Kiss.com web sites offer free registered membership.  A
 registered member of either web site may post their profile and photographs
 and utilize the search or matchmaking features offered by the site.  To enable
 communication with other members however, registered members must purchase a
 subscription.  Subscription plans are available allowing communication for
 periods of 5 days to 12 months.
     Subscription receipts as stated in this release relate to paid memberships
 purchased during the period stated.  Revenues reported in SEC filings are
 prepared subject to US GAAP and are based on subscription receipts for the
 period, adjusted for deferred revenues to take account of membership
 pre-payments.
 
     Certain statements in this press release that do not contain historical
 facts or information are "forward-looking statements" within the meaning of
 Section 27A of the Securities Act of 1933 and Section 21E of the Securities
 Exchange Act of 1934.  Forward-looking statements include those (a) that
 contain the words "may," "will," "should," "estimates," "predicts,"
 "potential," "continue," "strategy," "believes," "anticipates," "plans,"
 "expects," "intends," and similar expressions, (b) that describe any of the
 Company's or management's plans, objectives or goals for future operations and
 products, or (c) that concern the characteristics and growth of the Company's
 markets or customers or products or the expected liquidity and capital
 resources of the Company.  Such forward-looking statements involve known and
 unknown risks, uncertainties and other factors which may cause the actual
 results, levels of activity, performance or achievements of the Company to be
 materially different from any future levels of results, activity, performance
 or achievements expressed or implied by such forward-looking statements.  Such
 risks include, among others, those set forth in the Company's Annual Report on
 Form 10-KSB under the heading, "Risk Factors" contained within Item 6.
 Management's Discussion and Analysis or Plan of Operations.  Such Risk Factors
 include the following:  risks related to the Company's financial condition and
 business model, risks related to the Company's markets and strategy, risks
 related to the internet and the Company's technology infrastructure, risks
 related to government regulation, and risks related to volatility in the price
 for the Company's securities and the effect of future sales of the Company's
 common stock.  For a detailed discussion of these risk factors and other
 cautionary statements, please refer to the Company's filings with the
 Securities and Exchange Commission, including the Company's Annual Report on
 Form 10-KSB for the most recently ended year.
 
     CONTACTS:
     Public Relations              Investor Relations    uDate.com, inc.
     Stanton Crenshaw              PrimeVest, Inc.       uDate.com, inc.
     Tel: 212-780-1900             Tel: 866-774-6468     Tel: 877-815-2955
     Sammie Becker                 Tim Garlin            Mel Morris, CEO
     sbecker@stanton-crenshaw.com  tim@primevest.net     mel@udate.com
 
 

SOURCE uDate.com, inc.
    NEW YORK, April 3 /PRNewswire/ -- uDate.com (OTC Bulletin Board:   UDAT)
 announced today that it completed the Kiss.com acquisition for US$19.1 million
 on March 29, 2001.
     "The closing of the Kiss.com acquisition marks a significant milestone for
 uDate positioning us as one of the top three players in the Internet dating
 sector along with Ticketmaster's Match.com and Terra Lycos' Matchmaker web
 properties," noted Mel Morris, Chief Executive Officer, uDate.com, inc.  "In
 addition, with almost four million registered members, I believe uDate.com,
 inc. is now the largest publicly traded entity dedicated to the sector.  We
 expect to see more consolidation in this sector and will consider further
 acquisitions that can predictably contribute towards the profitable growth of
 our business," stated Morris.
     uDate also reported significant growth in Q1-2001 subscription receipts
 and registered members.  As of April 2, 2001, the uDate.com web site had
 1,500,785 registered members up 41 percent on Q4-2000 (1,062,880).
 Subscription receipts for the first quarter 2001 were $1,518,761, representing
 a 55 percent increase over the fourth quarter of 2000 ($982,455) and a 12-fold
 increase over the same period last year ($118,692).
 
                          uDate.com web site analysis
                              (Excluding Kiss.com)
     Quarter      Marketing     New Reg.   Mktg Cost  New Paying Subscription
     Costs          Members /Reg. Member Subscribers    Receipts
     Q1+Q2-2000  $1,529,249      187,863       $8.14      12,731     $407,043
     Q3-2000     $2,078,674      522,704       $3.98      25,173     $798,367
     Q4-2000       $842,198      261,926       $3.21      17,938     $982,455
     Q1-2001   est.$800,000      430,085       $1.86      30,727   $1,518,761
 
     "This is a significant achievement which clearly demonstrates the strong
 and consistent growth of our business," said Morris.  "During last two
 quarters, we have refined our business model, targeted our advertising and
 enhanced our services.  In particular, at the end of February 2001, changes
 were made to the uDate.com application to increase the interaction between
 members and to better manage inactive member profiles.  Almost immediately,
 the conversion ratio of new registered members to paying subscribers increased
 substantially.  Significantly, and as a direct result of these changes almost
 50 percent of the first quarters' subscription receipts ($776,244) were
 generated in the last 36 days of the current quarter.
     "We are pleased that our investors and shareholders have had the
 opportunity to witness our first quarter results in isolation of the Kiss
 acquisition," continued Morris. "With uDate and Kiss combined, we believe our
 second quarter should yield subscription receipts in excess of $4M. In March
 2001, the combined web sites attracted more than 305,000 new registered
 members and achieved subscription receipts in excess of $1.38M for the month."
 
     About uDate.com, inc.
     uDate.com, inc. operates high-quality web sites that serve the online
 singles community. The company stresses service, efficiency and personal
 security through its two leading brands uDate.com (http://www.udate.com) and
 Kiss.com (http://www.kiss.com).
     uDate.com was launched commercially in January, 1999 to provide a
 comprehensive Internet Dating service featuring extensive customer profiles,
 sophisticated matchmaking technology and fully integrated instant messaging
 capabilities. uDate.com operates at the top end of its market sector with
 1.5 million registered members and provides features that surpass the most
 professional off-line dating services.
     Kiss.com was launched in 1995 and is a market leader in the provision of
 online picture personals with more than 2.3 million profiles.
     Both uDate.com and Kiss.com web sites offer free registered membership.  A
 registered member of either web site may post their profile and photographs
 and utilize the search or matchmaking features offered by the site.  To enable
 communication with other members however, registered members must purchase a
 subscription.  Subscription plans are available allowing communication for
 periods of 5 days to 12 months.
     Subscription receipts as stated in this release relate to paid memberships
 purchased during the period stated.  Revenues reported in SEC filings are
 prepared subject to US GAAP and are based on subscription receipts for the
 period, adjusted for deferred revenues to take account of membership
 pre-payments.
 
     Certain statements in this press release that do not contain historical
 facts or information are "forward-looking statements" within the meaning of
 Section 27A of the Securities Act of 1933 and Section 21E of the Securities
 Exchange Act of 1934.  Forward-looking statements include those (a) that
 contain the words "may," "will," "should," "estimates," "predicts,"
 "potential," "continue," "strategy," "believes," "anticipates," "plans,"
 "expects," "intends," and similar expressions, (b) that describe any of the
 Company's or management's plans, objectives or goals for future operations and
 products, or (c) that concern the characteristics and growth of the Company's
 markets or customers or products or the expected liquidity and capital
 resources of the Company.  Such forward-looking statements involve known and
 unknown risks, uncertainties and other factors which may cause the actual
 results, levels of activity, performance or achievements of the Company to be
 materially different from any future levels of results, activity, performance
 or achievements expressed or implied by such forward-looking statements.  Such
 risks include, among others, those set forth in the Company's Annual Report on
 Form 10-KSB under the heading, "Risk Factors" contained within Item 6.
 Management's Discussion and Analysis or Plan of Operations.  Such Risk Factors
 include the following:  risks related to the Company's financial condition and
 business model, risks related to the Company's markets and strategy, risks
 related to the internet and the Company's technology infrastructure, risks
 related to government regulation, and risks related to volatility in the price
 for the Company's securities and the effect of future sales of the Company's
 common stock.  For a detailed discussion of these risk factors and other
 cautionary statements, please refer to the Company's filings with the
 Securities and Exchange Commission, including the Company's Annual Report on
 Form 10-KSB for the most recently ended year.
 
     CONTACTS:
     Public Relations              Investor Relations    uDate.com, inc.
     Stanton Crenshaw              PrimeVest, Inc.       uDate.com, inc.
     Tel: 212-780-1900             Tel: 866-774-6468     Tel: 877-815-2955
     Sammie Becker                 Tim Garlin            Mel Morris, CEO
     sbecker@stanton-crenshaw.com  tim@primevest.net     mel@udate.com
 
 SOURCE  uDate.com, inc.