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| [March 09, 2007] |
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Luvoo.com Targets 1 Million Subscribers with Online Dating Fees Beginning March 20, 2007
TUJUNGA, Calif. --(Business Wire)-- Luvoo International, Inc. (PINKSHEETS: LUVT) a growing global online dating company is pleased to announce they have unveiled a new look to their unique online dating website www.luvoo.com. This comes at a time when the company is targeting 1 million online dating subscribers. Management will begin charging fees to all online dating subscribers effective March 20, 2007. Based on the rapid growth of the company and unique financial model, management anticipates strong growth while charging monthly subscriber fees significantly below their direct competitors. Subscriber fees will be set at a rate of $29.95 per year.
Luvoo.com is one of three publicly traded companies in the multi-billion dollar on-line dating industry. Two of their competitors are Match.com (IACI) which is priced at $37.60 and American Singles(R) (LOV) which is priced at $6.15.
L Yvonne Vanhoek, President of Luvoo International, Inc. stated "Our Company is continuing to provide new advancements in the online dating industry. In the past month, we have launched a unique, cutting-edge Matchmaking Game and retained a Hollywood crew of producers, directors and the former Baywatch beauty and Days of Our Lives Star Tane McClure. Tane is now the host of our new Matchmaking Game. We have also improved the look of our online dating website 'www.luvoo.com' and are preparing to convert our current subscribers into a fee based dating service."
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.
Unlike many industries, Luvoo.com's financial model is based on month over month residual revenue from online dating subscribers. Currently, over 60 million Americans are single and could use online dating services. Numbers are greatly larger when factoring in the global online dating experience. Most of these services charge a monthly fee ranging from $38.99 to $48.99. Luvoo.com is FREE for a limited time only. Management projects accelerated residual revenue to follow there after along with the sale of thirty seconds ad placement on the Luvoo match making dating game. For more information please visit the company website at: www.luvoo.com.
About Luvoo International, Inc.:
Luvoo International, Inc. (PINKSHEETS: LUVT) is a US corporation which is aggressively gaining market share in the on-line dating industry. The companies' strategy for growth is through celebrity endorsement, aggressive large scale advertising, affiliate business opportunities and patent pending concepts and technology such as "The Luvoo Dating Card", "Verified Member", "Instant Notifier", and the latest concept, "Luvoo Match Making Dating Game".
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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