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Osmium Nominees Elected to the Spark Networks Board of Directors

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SOURCE Osmium Partners, LLC

GREENBRAE, Calif., July 3, 2014 /PRNewswire/ -- Osmium Partners, LLC today announced that shareholders of Spark Networks, Inc. (NYSE MKT: LOV) have elected all four of Osmium's nominees to the Spark board of directors. According to IVS Associates, the independent inspector of election for the June 27, 2014 annual meeting of Spark shareholders, the final voting results of the 19,931,427 shares of Spark common stock voted at the meeting are as follows:

Nominee

Affiliation

Votes For

Stephen Davis

Osmium Nominee

18,094,589

John Lewis

Osmium Nominee

17,919,899

Walter Turek

Osmium Nominee

17,919,388

Michael McConnell

Osmium Nominee

17,662,055

David Hughes

Incumbent Nominee

3,593,135

Thomas Stockham

Incumbent Nominee

3,581,769

Gregory Liberman

Incumbent Nominee

1,381,263

Vince Thompson

Incumbent Nominee

1,368,497

Jonathan Bulkeley

Incumbent Nominee

1,367,601

Benjamin Derhy

Incumbent Nominee

1,367,351




As a result, each of the Osmium nominees received at least 88% of the votes cast at the meeting. Because the current size of the Spark Networks board is six members, each of the four Osmium Nominees and two incumbent directors, Messrs. Stockham and Hughes, were elected.  

Following IVS certification of this final report, Osmium learned that Thomas Stockham, one of the two duly elected incumbent directors, resigned.

"We sincerely appreciate the tremendous shareholder support for Osmium's slate of nominees," stated Osmium's founder and Managing Partner John Lewis.  Further, Mr. Lewis added, "The new Board is eager to work alongside Spark employees with a renewed sense of urgency, accountability and focus, in order to drive increased shareholder value. We look forward to Spark's future and to reporting on our progress in the months ahead."

About Osmium Partners

Osmium Partners is a strategic, long-term oriented, value fund based in Greenbrae, California. Our process is based on eight simple factors involving balance sheet strength, aligned interests, attractive reinvestment opportunities, a low valuation, and reasonable growth. Our main circle of competence over the past 12 years has been public market value realization of undervalued, small capitalization companies in the US equity markets.

Safe Harbor Statement

This press release contains forward-looking statements. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.

ON MAY 1, 2014, OSMIUM PARTNERS AND THE OTHER PARTICIPANTS FILED A DEFINITIVE PROXY STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION. SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY OSMIUM PARTNERS, LLC AND THEIR AFFILIATES FROM THE STOCKHOLDERS OF SPARK NETWORKS, INC. FOR USE AT ITS ANNUAL MEETING BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION. THE DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY IS AVAILABLE TO STOCKHOLDERS OF SPARK NETWORKS, INC. FROM THE PARTICIPANTS AT NO CHARGE AT WWW.OKAPIVOTE.COM/OSMIUM AND BY REQUEST, AND IS ALSO AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV. THE DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WERE DISSEMINATED TO SECURITY HOLDERS ON OR ABOUT MAY 7, 2014.

Contact:
Osmium Partners, LLC
John H. Lewis, 415-785-4044
jl@osmiumpartners.com

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