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FTD Group, Inc. Receives Stockholder Approval for Proposed Merger with United Online, Inc.
Monday, August 25, 2008 12:33 PM


FTD Group, Inc. (NYSE:FTD), a leading international provider of floral related products and services, today announced that its stockholders, at a special meeting held today, voted to adopt the agreement and plan of merger among FTD, United Online, Inc. (Nasdaq:UNTD), and UNOLA Corp., an indirect wholly owned subsidiary of United Online. Shares voted in favor of the adoption of the agreement and plan of merger represented more than 79 percent of the total issued and outstanding shares of common stock of FTD.

The merger is expected to close on Tuesday, August 26, 2008. As a result of the merger, FTD will become an indirect wholly owned subsidiary of United Online, and FTD’s stockholders will be entitled to receive $10.15 in cash, without interest, and 0.4087 of a share of United Online common stock for each share of FTD common stock that they own.

About FTD Group, Inc.

FTD Group, Inc. is a leading provider of floral related products and services to consumers and retail florists, as well as other retail locations offering floral products, in the U.S., Canada, the U.K. and the Republic of Ireland. The business utilizes the highly recognized FTD and Interflora brands, both supported by the Mercury Man logo, which is displayed in approximately 45,000 floral shops worldwide. The consumer businesses operate primarily through the www.ftd.com Web site in the U.S. and Canada and the www.interflora.co.uk Web site in the U.K. and are complemented by the florist businesses which provide products and services to the company’s independent members.

FORWARD-LOOKING STATEMENTS

This press release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Failure to complete the transaction with United Online could materially and adversely affect FTD’s results of operations and stock price. Forward looking statements in this press release may include statements regarding FTD’s outlook, anticipated revenue growth and profitability, anticipated benefits of investments in new products, programs and offerings and opportunities and trends within both the domestic and international floral businesses, including opportunities to expand these businesses and capitalize on growth opportunities or increase penetration of service offerings. The international business reflects the operations of Interflora U.K. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about FTD and FTD’s industry.



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