MeetMe’s New Friend Suggestions for iPhone Drives Increased Friendship Requests

05/29/2014

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, has launched its Friend Suggestions feature on its iPhone
application. The feature, previously available on the web platform,
surfaces a “People You Might Like” section within Feed and Friends, with
the goal of driving more friend requests, new friendships, and
ultimately, new chat conversations.

“We are focused on solving the problem of finding new high quality chat
partners for our users,” said MeetMe CEO Geoff Cook. “Friend Suggestions
helps facilitate new interactions by suggesting relevant people. We
consistently find that friends are more likely to chat each other and
reply to a friend’s chat. In the week since we’ve launched the feature,
we are pleased to see iPhone friend requests up more than 60%, and to
see total friend requests up 30%. We expect we will continue to grow new
friend connections with the launch of Friend Suggestions on Android in
Q3.”

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NASDAQ: MEET). MeetMe
makes meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps on iPhone, iPad, and Android in multiple languages including
English, Spanish, Portuguese, French, Italian, German, Chinese
(Traditional and Simplified), Russian, Japanese, Dutch, Turkish and
Korean. For more information, please visit meetmecorp.com.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including whether Friends Suggestions will drive more friend
requests, new friendships, and new chat conversations, whether Friends
Suggestions will facilitate finding new high quality chat partners or
otherwise facilitate new interactions, whether Friends Suggestions will
contribute to new friends requests and if so, to what extent, and
whether we will successfully launch Friends Suggestions on Android as
expected. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “will,” “expect”
and similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013. Any forward-looking statement made by us herein
speaks only as of the date on which it is made. Factors or events that
could cause our actual results to differ may emerge from time to time,
and it is not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement, whether as
a result of new information, future developments or otherwise, except as
may be required by law.

Press contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.