Incode Begins Acquiring Online Dating Services

(onlinedatingmagazine.com - September 25, 2004) Incode Corporation, formed to acquire profitable ebusinesses in the technology and personals sector, has announced that it will soon complete purchase of two online dating services - KissyKat and VanityDate. The acquisitions take place at a time that Incode itself is being acquired by BIB Holdings. BIB Holdings is acquiring Incode for 1 million shares of a new class of preferred stock in BIB that is convertible into 200 million shares of common stock 18 months after closing. The Incode acquisition is subject to various conditions that must be satisfied prior to closing.

Incode plans on expanding the services and subscriber base of both VanityDate and KissyKat. Both are specialized online dating services. VanityDate appeals to "attractive and intelligent" users while KissKat is an online dating service for cat lovers.

"We see niches in the online dating sector as a significant arbitrage opportunity today," says Jim Grainer, Incode's president and chief financial officer. "Not only do these niches come with highly qualified consumers that are seeking people that share a common interest, but they often come with established grass roots distribution networks that can cost-effectively drive the acquisition and retention of subscription-based memberships."