Social Networking Stock, FriendFinder Networks (NASDAQ:FFN), Up over 11% on Online Dating Industry Forecasts
New York, New York- February 15 , 2012 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stock, FriendFinder Networks Inc. (NasdaqGM: FFN ) . The stock is trading up at $2.2705, up 0.2305(11.30%) 1:56PM EST on online dating industry data and forecasts.
FriendFinder Networks Inc. (NasdaqGM: FFN ) issued a press release where it shared market research that affirms the scope of the online dating industry and forecasts the market to exceed $2.5 billion by 2015. The research report was conducted by Marketdata Enterprises, a
market research publisher, which has tracked the dating service market since 1998. Tampa, Florida
"The Marketdata study confirms what we have known for some time - online dating presents a tremendous opportunity for FriendFinder Networks. Already considered one of the most significant participants in online dating, with properties that include FriendFinder.com, PerfectMatch.com, AsiaFriendFinder.com, SeniorFriendFinder.com, AdultFriendFinder.com, Amigos.com and BigChurch.com, FriendFinder Networks operates more than 40,000 sites, catering to over 528 million registrants. This robust platform provides us with tremendous coverage and exposure to a strong and growing market," commented Marc Bell, President and CEO of FriendFinder Networks.
ABOUT FRIENDFINDER NETWORKS INC. (NasdaqGM: FFN )
FriendFinder Networks Inc. (www.ffn.com) is an internet-based social networking and technology company operating several of the most heavily visited websites in the world, including AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com, and social commerce company operating JigoCity websites in more than five countries, providing members high quality, daily deals that are relevant to their individual lifestyles. FriendFinder Networks Inc. also produces and distributes original pictorial and video content and engages in brand licensing.
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