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DVTimes · 08-30-2010, 10:00 AM

Quote:

Newly Formed Investment Group Acquires YNOT.com and Cybernet Expo

HOUSTON, Tex., Aug. 30, 2010 ? Newly formed company YNOT Group, LLC announced today that it has acquired the assets of YNOT Network, LP, including the popular YNOT.com, a resource website for adult entertainment professionals. The acquisition also includes the newly launched YNOTEurope.com and the long running annual Cybernet Expo business trade show. The assets were acquired from former YNOT.com owner Gary Grigoryan for an undisclosed sum, and will be used by YNOT Group as the anchor for an all new lineup of information and technology products the company plans to launch in the coming months and years.

YNOT Group, led by industry veteran Connor Young, and backed by a private European investment group, has taken direct control over the acquired assets. Mr. Young, who served as President for YNOT Network previously, will retain his position as President under the new company. Also moving to the new YNOT Group is YNOT veteran Jay Kopita, who will continue to head up all ad sales for YNOT.com, YNOTEurope.com and Cybernet Expo. Additional staff announcements will be made in the coming weeks.

"The YNOT brand is one of the longest running professional brands in the Internet industry, and it's a brand that's synonymous with integrity and with the adult Internet business itself," explains Connor Young. "We plan to move swiftly and aggressively in the coming months to position YNOT Group and its assets to be successful in both the short term and long term, and we're serious about our mission of providing the information and technologies that will enable adult businesses to stay competitive in a changing landscape."

For more information about YNOT Group, including information about advertising your adult business or service to YNOT's professional adult business audience, please email [email protected] or [email protected].

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