When you provide your Personal Information and Sensitive Personal Information to us, you consent to our use and disclosure of that information as described in this Policy. For example, people have raised privacy concerns relating to the ability of our members to post pictures, videos and other information on our websites. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics, customer and industry change and depend on the economic or technological circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. Any disruptions could have an adverse effect on noteholders. We believe we achieve large numbers of unique visitors because of our focus on continuously enhancing the user experience and expanding the breadth of our services. In addition, a selling securityholder may, from time to time, sell the securities short, and, in those instances, this prospectus may be delivered in connection with the short sales and the securities offered under this prospectus may be used to cover short sales.
Furthermore, we may face significant integration issues and may not realize the anticipated benefits of the acquisitions due to integration difficulties or other operating issues. The following table presents our results of operations for the periods indicated for our reportable segments: The following table presents certain key business metrics for our adult social networking websites, general audience social networking websites and live interactive video websites for the year ended December 31, 2008, the pro forma year ended December 31, 2007 and the year ended December 31, 2006. The initial public offering price is substantially higher than the per share net tangible book value of our common stock immediately after this offering. The bylaws of Interactive Network, Inc. As of December 31, 2011, we divide our business into two reportable segments: internet, which consists of social networking, live interactive video, premium content and social commerce websites; and entertainment, which consists of studio production and distribution, licensing and publishing. Maintaining and enhancing our brands will depend largely on our ability to be a technology leader and to continue to provide attractive products and services, which we may not do successfully.
These laws generally apply to Nevada corporations with 200 or more stockholders of record, but a Nevada corporation may elect in its articles of incorporation not to be governed by these particular laws. Our board of directors will approve any such application of these proceeds in accordance with its fiduciary duties under Nevada law. Regulation of the internet could materially adversely affect our business, financial condition and results of operations by reducing the overall use of the internet, reducing the demand for our services or increasing our cost of doing business. However, our efforts to implement such a program may not proceed as anticipated. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. We continually seek to convert visitors, registrants and members into subscribers or paid users. Changes in global economic conditions could adversely affect the profitability of our business.
This could lead to a reduction in our revenue and have a material adverse effect on our operating results. When you provide Personal Information to us, we will use it to contact you about our services, to process payment for our services, and to tailor our services to your meet your preferences. Average Monthly Net Revenue per Subscriber. Any claims against this party currently posted on PeopleClaim are available for purposes of public business review only and are not an attempt to collect money or recover assets subject to protections under the United States Bankruptcy Code. Our revenue to date has been primarily derived from subscription and paid-usage adult-oriented products and services. Any remaining indebtedness after this offering could materially adversely affect us in a number of ways, including the following: In addition, our existing debt contains covenants that limit our actions.
In addition, we plan to install a new accounting system and implement additional controls and procedures designed to improve our financial reporting capabilities and improve reporting efficiencies. Please note that if you do block all cookies you may not be able to access all or parts of our site. The live interactive video websites are in large part a pay-by-usage service subject to the highly discretionary decisions of our users. Prior to its acquisition by us, Various and certain of its subsidiaries and affiliates operated as S corporations for federal and state income tax purposes and were thus subject only to California state income tax at a 1. Doug Schimmel holds sole voting and investment power over the notes held by Permal Capital Structure Opportunities, Ltd. We believe we will be able to offer advertisers an opportunity to achieve superior results with advertisements that are well-targeted to their preferred demographic and interest groups.
We continually seek to expand our licenses and products in new markets and retail categories both domestically and internationally. We operate some of the most heavily visited social networking websites in the world. The demand for entertainment and leisure activities tends to be highly sensitive to consumers disposable incomes, and thus a decline in general economic conditions may lead to our members and potential new subscribers having less discretionary income to spend. PeopleClaim is not a law firm and does not provide legal services, opinions, or advice. No consideration will be paid in connection with the conversion of the Non-Cash Pay Notes to Note Shares. The bylaws of Magnolia Blossom Inc.
We evaluate these litigation claims and legal proceedings to assess the likelihood of unfavorable outcomes and to estimate, if possible, the amount of potential losses. . The sale by any institutional investor of its holdings of our common stock, and the reluctance of other institutional investors to invest in our securities, because of such public interest group actions, or the threat of such actions, could cause the market price of our common stock to decline and could impair our ability to raise capital through the sale of additional equity securities. This unaudited pro forma consolidated statement of operations should be read in conjunction with our audited financial statements and the audited financial statements of Various which are included elsewhere in this prospectus. We are exposed to interest rate fluctuations, primarily as a result of our First Lien Senior Secured Notes issued in connection with the acquisition of Various on which the interest rate is subject to market fluctuations. Our operating results in one or more geographic regions may also be affected by uncertain or changing economic conditions within that region, such as the challenges that are currently affecting economic conditions in the United States and abroad.
We enable the engineering team to collaborate, build, and deploy lightweight web and mobile apps for social networking and live-streaming videos used by millions of users every day. Through our extensive network of more than 38,000 websites, since our inception, we have built a base of more than 445 million registrants and more than 298 million members in more than 200 countries. We believe that our selling and marketing expenses will remain relatively constant as a percentage of revenue as these expenses are relatively variable and within the discretion of management, therefore increases or decreases in the dollar amount of selling and marketing expenses should be approximately proportional to the increase or decrease in net revenue. Our casualty insurance policies may not adequately compensate us for any losses that may occur due to the occurrence of a natural disaster. Bell and are not being offered for public resale by Mr. Now select 'Allow local data to be set' Safari 1.