LOS ANGELES — Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of investors who purchased FriendFinder Networks, Inc.

According to the Company’s Registration Statement and Prospectus, there would be approximately 26.7 million common shares outstanding after the May Offering, including at least 20.9 million shares subject to a 180-day lock-up period, during which the shares could not be traded (the “Restricted Shares”).

The complaint alleges that these statements were false and misleading when made because a material number of the Restricted Shares were publicly traded during the lock-up period. Furthermore, the complaint alleges that the Company was suffering from deficient internal controls and was, therefore, unable to abide by the terms of the Registration Statement and Prospectus.

If you suffered a loss in FFN you have until January 16, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [email protected], or visit our website at www.glancylaw.com .