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. The company primarily deals in adult entertainment, online dating, and social networking services. Much netfriendfinder com the company’s growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
1 million in short-term debt and other obligations. 5 million debt that was due July 31. 210 million bid to acquire Playboy Enterprises. Hugh Hefner, who owned 70 percent of the voting stock, did not want to sell. On September 16, 2013, the company filed for Chapter 11 bankruptcy protection.
Ezra Shashoua, the company’s chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents. Shashoua also said credit card companies had refused to process transactions for the company’s Internet businesses. Founder Andrew Conru, was named as the reorganized company’s chairman and CEO. Penthouse, including accounts that had supposedly been deleted. Social networking’s dirty side – April 1, 2007″.