CHICAGO, July 15 /PRNewswire-FirstCall/ -- Playboy
Enterprises, Inc. (PEI) (NYSE: PLA, PLA.A) today confirmed that it
has received the proposal letter that FriendFinder Networks Inc.
released to the public earlier today. The company said that
PEI's Board of Directors will give it appropriate
consideration.
Forward Looking Statements
This press release contains statements that are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on current
expectations about future events. These statements are not
guarantees of future events and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
events may differ materially from what is expressed in such
forward-looking statements due to numerous factors. These
include the uncertainties set forth in this press release regarding
whether an acquisition of PEI will be consummated upon the terms
proposed by Hefner, or at all. Further information and risks
regarding factors that could affect our business, operations,
financial results or financial positions are discussed from time to
time in PEI's Securities and Exchange Commission filings and
reports. We want to caution you not to place undue reliance
on any forward-looking statements. We undertake no obligation
to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Playboy is one of the most recognized and popular consumer
brands in the world. Playboy Enterprises, Inc. is a media and
lifestyle company that markets the brand through a wide range of
media properties and licensing initiatives. The company publishes
Playboy magazine in the United
States and abroad and creates content for distribution via
television networks, websites, mobile platforms and radio. Through
licensing agreements, the Playboy brand appears on a wide range of
consumer products in more than 150 countries as well as retail
stores and entertainment venues.
SOURCE Playboy Enterprises, Inc.