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The scale, data analytics, and significant operating expertise that Elite Singles brings will enhance our existing brand portfolio.The Board of Directors will be comprised of seven directors, including three to be selected by Elite Singles, one to be selected by Spark, and three to be mutually agreed upon by Elite Singles and Spark.(1) Conference Call Spark and Elite Singles will host a conference call at AM Pacific Time tomorrow ( AM Eastern Time), May 3, 2017, to discuss the transaction.Following the prepared remarks, the call will include a question-and-answer session.Replay:" data-reactid="32"Non-GAAP Financial Metrics Adjusted EBITDA guidance for 2018 for the combined company does not include certain charges and costs.The adjustments to EBITDA in future periods are generally expected to be similar to the kinds of charges and costs excluded from Adjusted EBITDA in prior quarters, such as (i) non-cash items such as stock-based compensation, asset impairments, non-cash currency translation adjustments related to an inter-company loan and (ii) one-time items that have not occurred in the past two years and are not expected to recur in the next two years.There are also the types that will only be interested in a man that shows he has a high paying job or expensive cars.
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LOS ANGELES, CA and BERLIN, GERMANY / ACCESSWIRE / May 2, 2017 / Spark Networks, Inc.
("Spark") (NYSE MKT: LOV) and Affinitas Gmb H ("Elite Singles"), which operates premium online dating platforms Elite Singles, e Darling and Attractive World, today announced that they have entered into a definitive agreement to combine in a stock-for-stock merger, creating one of the world's largest online dating providers with a portfolio of premier global brands.
Jeronimo Folgueira, CEO of Elite Singles, will serve as Chief Executive Officer and Robert O'Hare, Spark's Chief Financial Officer, will continue in that role with the combined company.
Michael Schrezenmaier, Managing Director of Elite Singles, will become Chief Operating Officer.
International: 1-201-493-6725" data-reactid="29"Spark will also host a webcast of the call, which will be accessible in the Investor Relations section of Spark's website at