EasyDate Press Releases

Jun 2010
Easydate plc
Publication of Admission Document

22 June 2010. The Board of Easydate plc, the internet-based dating operator, today announces the publication of its Admission Document relating to the intended admission of its ordinary shares to the AIM market of the London Stock Exchange on Wednesday, 30 June 2010 and Thursday, 1 July 2010 under the symbol EZD.

Established in 2005, Easydate is one of the UK's leading internet-based dating operators providing dating services through several successful and complementary websites in the United Kingdom and overseas.

The Company is raising £10 million through the placing of 16,666,667 new Ordinary Shares and, pursuant to the placing, 8,333,333 existing Ordinary Shares and Option Shares are being sold. In total, 33.31% of the Enlarged Issued Share Capital of the Company is being placed and, the approximate market capitalisation of the Company at admission will be £45 million.

Cenkos Securities plc, through its Edinburgh office, is acting as Nominated Adviser and broker to the Company.

Summary of Key Information

Through its growing network of websites, Easydate Group has built a base of over 13 million registrants and over 9 million members in 29 countries (those countries with over 1,000 members), with a growing proportion of members coming from outside of the United Kingdom. It 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.benaughty.com, www.cupid.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.

Business Strategy

Easydate Group's goal, as one of the UK's leading internet-based dating operators, is to increase revenues whilst improving overall profitability. Founders Bill Dobbie and Max Polyakov have a strong track record in creating successful, innovative technology products. This experience has been utilised to establish the technology platform of the Group, which helps the business to deliver its products and drive increasing volumes of web traffic to its websites. The Directors believe this assists the business increase the number of subscribers and its marketing knowledge of the demographics and interests of its users. The Directors' believe the Group's strategy in operating and expanding its websites and cross-selling and marketing these to its network of users provides brand and marketing leverage, increases awareness and familiarity within the Group's target audience and wider on-line community, all of which the Directors believe are key to driving the Group's successful expansion.

The Directors plan to maintain and extend the Group's position as one of the UK's leading providers of internet-based dating services by pursing the following growth strategies:

  • Introduce new sites to the UK and to expand internationally
  • Maximise existing UK growth by encouraging visitors, registrants and members to become subscribers
  • Continue to develop outsourcing and ancillary revenues
  • Continue to increase our affiliate marketing network
  • Accelerate presence and growth in foreign markets
  • Acquisitions

Competitive Strengths

The Directors believe that the Group's core strengths lie in its:

  • User base: The Group's websites are significantly sized in the UK on-line marketplace, currently adding on average more than 300,000 new registrants and more than 200,000 new members each month. The Board believes that the Group's large established user base represents a significant advantage over new market entrants in the UK.
  • Large affiliate network: The substantial number of registrants in Easydate's marketing affiliate program allows the Group to market its brands beyond its established users by collaborating with other organisations which market the Group's services on their own websites. The Directors believe that the scale of the network reduces the Group's dependence on 'paid for' search results and also provides an advantage over competitors.
  • Innovative and scalable technology platform: The Easydate business has developed a robust, highly scalable technology platform over the last five years that allows Easydate to add new features and launch additional websites at a relatively low incremental cost and without significant capital expenditure. The Group's in-house Ukrainian-based technical and on-line marketing team provides the Group with a highly skilled, lower cost base which the Directors believe offers a medium term competitive cost advantage.
  • Effective, capable and internationally-oriented management team: Easydate's management team has developed internally as the business has grown and has expanded its capabilities in line with the Group's growth. The business has a track record of developing and retaining key staff. The Directors will seek to develop the management team commensurate with the growing requirements of the business, particularly as the Group expands in overseas marketplaces.

The Market

The worldwide market for dating services is estimated by the Directors to be in excess of US$1 billion and growing in the established US market at approximately 3 per cent., in the UK at between 6 per cent. and 10 per cent. with emerging markets growing at a far higher rate. The Directors believe that this growth is being driven by wider usage of dating and social networking applications and increased access to the internet, in particular by using broadband connection and via mobile phones. In addition, the increasing number of one-person households and divorcees also contributes to the rise in interest in online dating. On-line dating is cost effective and convenient in comparison to more traditional methods of dating such as introduction agencies. An increasing number of individuals subscribed to online dating websites despite the recent recession in the UK. The Directors believe that this was due to a combination of the low subscription costs and individuals wishing to seek a relationship in difficult times. Whilst, in the Directors' opinion, there is increasing social acceptance in many geographical and demographic markets of online dating, the worldwide market outside the USA is currently at an earlier stage in its development. With the exception of a few large participants, the online dating market is largely fragmented, currently comprising many small private operators.

Reasons for the Placing and Use of Proceeds

The Directors consider that Admission will be an important step in the Group's development, will enhance its standing within its market place and will assist the growth in its business. In particular it will enable the Company, if required, to raise additional capital to support its strategic objectives as suitable opportunities arise. It is also expected to provide liquidity for investors through the ability to buy and sell Ordinary Shares, will provide a more diversified shareholder base and allow the existing Shareholders to realise part of their investment through the disposal of the Sale Shares as part of the Placing.

The Directors believe that Admission will also provide opportunities for the Group to attract, retain and incentivise high calibre employees through the operation of Share Option Schemes and allow employees to participate in the future success of the Group.

The Placing of the New Ordinary Shares will raise up to approximately £8.8 million (net of expenses) for the Company. The Directors believe that a solid platform for growth has been achieved, and that the funds available to the Company from the Placing will enable the Group to continue to grow and to take advantage of new opportunities as they arise. In particular, the net proceeds of the Placing available to the Company, together with the Group's existing cash resources, will be utilised principally to fund:

  • an acceleration in the Group's acquisition programme;
  • the roll out of dating websites in commercially attractive foreign territories; and
  • the development and launch of new niche websites.

The Company will use the remaining balance of the net proceeds of the Placing available to it for general working capital purposes. The strengthening of the Group's balance sheet with the proceeds of the Placing available to it will also enable the Group to consider gearing, if appropriate.

Commenting, Bill Dobbie, Chief Executive of Easydate, said:
"We believe that there is a considerable opportunity for Easydate to become a leading global player in the online-dating market. We believe the Company's admission to AIM will provide us with a platform to achieve this."

Copies of the Admission Document are available from Cenkos Securities plc prior to Admission and on www.easydategroup.com from Admission.


Apr 2010
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Nov 2009
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Oct 2009
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Oct 2009
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Oct 2009
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Easy Date Holdings Ltd. has been honoured with a place on the Deloitte Technology Fast 50 list as one of the fifty fastest growing technology companies in the UK. The announcement was made on Thursday 22nd October as the 2009 winners list was released.


Sep 2009
DatetheUK has a new face

The mainstream online dating website, DatetheUK.com, unveils the new look of its landing page.


Sep 2009
BeNaughty lands in South-Africa

BeNaughty.com, EasyDate's casual dating brand, now accepts registrations from South-African singles as part of the company's aim to expand into all English speaking markets.


Aug 2009
BeNaughty now connecting with members through Twitter and WAP site

Casual dating website launches a WAP version and connects with customers via Twitter to publish site updates and gather feedback.


Aug 2009
New Micro Upgrades available on BeNaughty

New payment options are now available for site members who wish to purchase access to individual features, not full membership plans.


Aug 2009
Women say threesomes, men are not so sure

'Dreams that turn us on', a survey launched by BeNaughty.com, reveals British women agree that having a threesome is the ultimate turn on whilst British men's opinion gets split between being naughty with two members of the opposite sex and being naughty with someone from the net.


Jul 2009
DatetheUK & BeNaughty launch a recommendations feature

A new recommendations tool suggests potential partners to members, based on chat history and search criteria shared with other users.


Jul 2009
Aussies welcome BeNaughty

Easy Date Holdings Ltd. targets Australia for its casual dating website, BeNaughty.com, as part of the company's strategy to reach markets where English is widely spoken.


Jul 2009
EasyDate opens its dating doors to advertisers

The company's brand new advertising scheme allows companies to reach an audience of over 6 million people across the UK, USA, Canada & Ireland.


Jun 2009
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BeNaughty.com reveals a growing trend in the use of online flirting websites as an acceptable leisure activity amongst people with full time partners or spouses.


Jun 2009
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Less than 3% of British men would escape with Posh Spice to a desert island this summer


Jun 2009
Speed dating for non-smokers

SpeedDater launches a unique event in London to coincide with the smoking ban enforced nearly 2 years ago


May 2009
EasyDate's parent company receives awards

IDE Group selected as finalist for European Business Awards


May 2009
BeNaughty pleases underground commuters

Offline advertising campaign by casual dating website, BeNaughty, hits the London underground


May 2009
New homepage for BeNaughty members

BeNaughty launches an even friendlier homepage for its members


Apr 2009
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EasyDate adds PayPal to DatetheUK.com and GlobalCollect to BeNaughty Ireland.


Apr 2009
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Free dating website, www.myukdate.com, launches new logo


Apr 2009
BeNaughty members find potential partners without the hassle

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Mar 2009
Virtual gifts: a brand new tool for ClickandFlirt.com

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Mar 2009
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EasyDate offers free winks to DatetheUK and BeNaughty members


Feb 2009
100% Revenue on EasyDate's White Label Dating Network

Partners to enjoy 100% revenue share on EasyDate's white label dating platform


Feb 2009
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Be warned, Valentine's Day could seriously damage your relationship.


Jan 2009
250 Sites Already Launched On EasyDate New WL Platform

Site creators are rewarded with a generous 80% commission.


Dec 2008
The Office Kissmas Party

1 in 3 has slept with a colleague or the boss at their Christmas do


Dec 2008
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More than one in five women has a secret Santa Claus fantasy.


Dec 2008
EasyDate gives affiliates a £100 Christmas bonus

Dating group offers £100 on top of every £500 earned, to members of their affiliate network - www.affiliates.easydate.biz


Dec 2008
EasyDate launches new white label dating service

The highest-paying white label scheme in the UK, www.whitelabeldating.easydate.biz, offers up to 80% on first-time sales.


Nov 2008
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Sep 2008
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Sep 2008
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Jul 2008
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Jul 2008
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Easy Date Holdings Ltd., one of the UK's biggest online dating companies, has appointed Redleaf Communications to manage its corporate communications and media relations.


May 2008
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The fastest growing site in the UK, BeNaughty.com, releases a handy application for members to chat MSN Messenger style.


Mar 2008
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Jan 2008
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Dec 2007
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Jul 2007
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The successful online dating company, EasyDate, announces an exciting new web site for flirty people around the world.


Jul 2007
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DatetheUK.com, from the EasyDate family of dating web sites, launches a picture editing tool for members to improve their profile photos.


Jun 2007
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EasyDate is offering an alternative white label dating service to ensure clients can generate revenue without entering the premium rate arena.


Apr 2007
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Summer is nearly here and with it is the ever present and exciting adventure of finding a partner. The guys behind www.youcangetme.com have removed the restrictions which applied to female registered users who did not have a paid membership; all women can now benefit from totally free dating and access all features on the site.


Jan 2007
EasyDate is treating the ladies to free dating

EasyDate is making dating more accessible for women by allowing them to make full use of DatetheUK.com and MyUKdate.com at no cost at all.


Jan 2007
EasyDate says YES to Free UK Gay Dating

UKGayLife.com has surprised the industry once again by cutting down its membership fees right down to zero. This makes it a UK Gay Dating site where thousands of gay singles can chat, cruise and meet, absolutely free.


Jan 2007
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Oct 2006
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One of the most progressive internet dating sites in the UK has announced yet another new solution to its members with the launch of their totally mobile dating site which can be accessed from any wap-enabled mobile phone.


Oct 2006
Gay Dating Site re-launched

The UK based Gay Dating web site, UKGayLife has been re-launched by site owners, Easy Date Holdings Limited in a plan to bring the site up to same high standards as the other dating sites within their porfolio.


Aug 2006
EasyDate bring their online dating expertise to Russia

Internet use is growing at a phenomonal rate in the Russian states and opening up new communication channels with the western world. This had lead to an increase in the number of Russian men and women looking for partners in the UK, and Easy Date Holdings Ltd. have recognised this and set their place at the Russian Online Dating Dinner table.


Aug 2006
Mobile and Online Dating Working together

A new innovative feature available to online daters which been launched initially on youcangetme.com gives members the opportunity to take a photo of themselves using their mobile camera phone, send it to a specified number via MMS and it will automatically be included in their www.youcangetme.com [online dating] profile.


Mar 2006
Audio Video chat added to MyUKDate, DTUK

With the usual dynamic flair, Easy Date Holdings Ltd. have introduced some of the most impressive technologies to its portfolio of dating sites. The introduction of Audio Video chat to MyUKDate and DatetheUK now gives the entire portfolio of sites a stunning set of features that really do set them aside from the rest.


Jan 2006
We have moved

The ever-expanding EasyDate team have re-located to a prestigious new address in Edinburgh's sought after West End district.


Jul 2005
The Dating Biz acquires Easydate's Online interests

Easy Date Holdings Ltd. was acquired by The Dating Biz in a move designed to increase their dating industry market share dramatically. The dynamic management team orchestrated the acquisition to give them the no. 4 spot in the UK dating industry in terms of overall membership numbers.


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