Avidbank Corporate Finance Provides $3.5 Million Term Loan to Horoscope.com Inc.

| September 19, 2012 | 0 Comments

PALO ALTO, Calif.–(BUSINESS WIRE)–

Avidbank Corporate Finance, a Division of Avidbank, has provided
Horoscope.com Inc. with a $3.5 million term loan. The proceeds of this
loan will be used to repurchase shares as the company embarks on its
growth strategy.

Based in San Francisco, Horoscope.com Inc. offers an extensive selection
of free daily, weekly and monthly readings to its ever-growing audience
of over 2.7 million monthly unique visitors. Horoscope.com’s offerings
include multiple topics such as general sun sign horoscopes, Love,
Career, Money, Teen, and Chinese Astrology horoscopes, as well as a
variety of Tarot readings, fun games, and online applications. In
addition to www.horoscope.com
the Company hosts two other successful websites: www.astrocenter.com
and www.psychiccenter.com.

“Horoscope.com Inc. is pleased to have established a strong financial
relationship with Avidbank. They understand the key metrics of our
business as well as our vision,” stated Eric Bonjour, Horoscope.com Inc.
CEO. “This financing allows us to execute our business strategy and to
adjust it in real time while facing the constant technological
innovations. We have been greatly impressed by the quality and the
professionalism of the Avidbank team who completed the deal quickly.”

“Avidbank is delighted to partner with Horoscope.com Inc. as they
continue to build a premier marketing platform,” said Jon Krogstad,
Senior Vice President of Avidbank Corporate Finance. “We support the
Horoscope.com Inc. management team’s long-term vision of this network
and the value it provides to its members.”

“We are pleased to be able to assist Horoscope.com Inc. with their
expansion,” added Avidbank Corporate Finance Executive Vice President
and Division Manager, Scott Chamberlin. “They have a proven track record
and an intelligent plan for increasing their presence in this rapidly
growing market.”

About Avidbank

Our goal at Avidbank is to advance our clients’ success by offering
innovative financial solutions and service. Our experienced people
provide a unique and individualized banking experience based on mutual
effort, ingenuity and trust, creating long-term banking relationships.
Avidbank specializes in the following markets: commercial and
industrial, corporate finance, technology and asset-based lending, real
estate construction, commercial real estate lending and real estate
bridge financing.

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