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The optimisation of our European traffic and the signing of new distribution contracts, combined with the new offers that will be deployed simultaneously with the new 2.0 version of Meetic, should enable us to increase, from 2007, our sources of revenue and hence increase our investment possibilities in new countries or on new continents where we do not yet have a presence.” Partner Jon Hustler of Clearwater Corporate Finance has been leading a team that includes director Gareth Iley and manager Katie Wood.
Legal advice to the team is being provided by Simon Gill and Ben Hewitson of HBJ Gateley Wareing in Birmingham.
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In addition, Dating Direct provides a third party dating service to almost 20 other organisations, including broadcaster Channel Four, internet service provider AOL, radio station Heart FM and multi-media service provider ntl.
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The Birmingham office of Clearwater Corporate Finance, advised by Midlands’ solicitors HBJ Gateley Wareing, is acting as matchmaker for the deal, after being appointed by Dating Direct.com’s shareholders to advise them on their strategic options.
The transaction should be completed in January, once the remaining conditions have been fulfilled.
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