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The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.
It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.
Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.
Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
Its flagship online dating services include Friend Finder and its various spin-off services (such as Adult Friend Finder, and other dating services targeting various territories and niche categories, such as the South America-focused Amigos.com, and Christian dating website Big Church), as well as niche websites for alternative lifestyles, and adult webcam websites. Also highlighted below shows that it gets over 62 million visits per month which is much more than the typical dating website.And concerning the affiliate program they always do the maximum (adding complex conditions for webmasters) for partners to earn the least money possible.The Friend Finder data center – one of the largest in the world!
– is designed to meet and exceed the requirements of our customers and partners with state-of-the-art facilities and support.
That’s just some other online dating service trying to fish you into their site and start billing you.