The Meet Group Announces Safer Dating Advisory Board

Board to Bring Together Leading Epidemiologists, Doctor of Infectious Diseases, to Provide Safe Dating Tips Amid COVID-19 Outbreak and Pandemic

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, announced the formation of its Safer Dating Advisory Board comprised of top epidemiologists and health experts to consult on dating products, provide safer dating guidance, as well as help shape the company’s response to the novel coronavirus amid the ongoing pandemic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200709005104/en/

The Meet Group Announces Safer Dating Advisory Board (Photo: Business Wire)

The Meet Group Announces Safer Dating Advisory Board (Photo: Business Wire)

The Meet Group is committed to providing products and platforms that help daters safely spark conversation and form connections, while creating a dialogue around the most practical and safe ways to date in these uncertain times. The Safer Dating Advisory Board was founded with the goal to offer scientifically grounded tips to help those looking to form relationships.

The Safer Dating Advisory Board includes Dr. Anirrudha Hazra, an internal medicine and infectious diseases physician certified by the American Board of Internal Medicine, Dr. Tali Elfassy, an epidemiologist and Research Assistant Professor of Epidemiology in the Department of Public Health Sciences at the University of Miami Miller School of Medicine, and Dr. Melissa Sharp, an epidemiologist and postdoctoral fellow at the Royal College of Surgeons in Ireland with expertise in meta-research and observational mixed-methods research.

“Live video allows users to assess attractiveness and suitability in a low-risk way while providing an opportunity to ask questions related to health, COVID-19 precautions, and even whether an intended date lives in a high-risk multi-generational household,” said Geoff Cook, Chief Executive Officer of The Meet Group. “I look forward to working with Doctors Hazra, Elfassy, and Sharp to pass on sound information to our millions of dating app users.”

“Given the rapidly evolving nature of the COVID-19 pandemic, there is a crucial need for scientifically sound, practical, and acceptable guidelines to minimize harm related to COVID-19 with respect to dating apps,” said Dr. Elfassy. “The Meet Group is a pioneer in adding livestreaming video into dating apps, and I believe video dating can be an important filter prior to an in-person interaction in this age of pandemic.”

The pandemic has undeniably changed the way people date, and the Safer Dating Advisory Board will counsel the company and relay the latest in research to help continue to build solutions across platforms to connect users.

“Abstinence-only education largely failed in the realm of sexual education,” said Dr. Hazra, “and it is important that virus-related guidance meet users where they are and be focused on implementable strategies to reduce harm. I look forward to participating in this advisory board and helping shape the company’s response and guidance with respect to COVID-19 and also sexually transmitted diseases. I commend The Meet Group on being proactive in seeking guidance.”

“Clear communication has always been a necessity in dating. While conversations may have changed a bit, the need for connection hasn’t,” said Dr. Sharp. “Weighing risk vs. reward for dating has been forced to evolve lately, but with creativity, compassion, and communication, we can adapt.”

The Meet Group’s Safer Dating Advisory Board will hold a public webinar to discuss “Dare to Date: Dating in a Time of Pandemic.” The webinar will be hosted by the Internet Dating Excellence Association on Thursday, July 23, 2020 at 11:30 a.m. (EDT). The webinar, which will also welcome Geoff Cook, will discuss harm minimization strategies, dating survey data, and assess dating risk in the age of COVID-19.

For more information about the Safer Dating Advisory Board, please visit https://www.themeetgroup.com/safety-meet-group/.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and GROWLr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 video dating will be an important filter prior to an in-person interaction in this age of pandemic and whether the advisory board will function as intended and achieve its desired results. 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,” “outlook,” “is likely,” “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 SEC, including the Form 10-K for the year ended December 31, 2019 filed with the SEC on March 12, 2020 and the Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 6, 2020. 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.

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

UrSafe & The Meet Group Announce Relationship, Establishing a New Safety Standard

LAS VEGAS, July 7, 2020 /PRNewswire/ — The UrSafe App, a first-of-its-kind mobile personal safety app and next-generation global security company, is excited to announce its new relationship with The Meet Group, a leading provider of interactive dating solutions, to set a new standard of dating safety for their worldwide members.

The relationship offers millions of users across The Meet Group’s 5-app portfolio – including MeetMe, Skout, Tagged, GROWLr, and LOVOO – a free 60-day premium subscription to UrSafe’s innovative personal safety features, such as Follow Me, Check In, Hands-Free SOS, and Fake Call. Members will be presented the opportunity in-app to download UrSafe, enabling them to stay connected with friends, family, and the nearest law enforcement agencies – helping to keep them safe anytime, anywhere.

“UrSafe’s first and only goal is to provide cutting-edge, global safety technology that respects user privacy to the masses all day, every day, that doesn’t monetize user data. We couldn’t be more proud to make this relationship with The Meet Group official and take the standard for international dating safety to the next level,” said Dr. Anthony Oyogoa, M.D., Chief Executive Officer and Co-Founder of UrSafe. “UrSafe’s global coverage complements The Meet Group’s international reach, ensuring our entrance into the dating space is with a company that makes a real commitment to user safety worldwide, and we couldn’t have matched with a better partner.”

With UrSafe available in six languages (English, Spanish, Portuguese, French, German and Arabic) and in over 200 countries, people around the world will be more aware, confident and comfortable developing relationships with others – online and in-person.

“We hope to further revolutionize safer dating through our relationship with UrSafe,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We are dedicated to helping keep our users safe, and we believe this technology will further enhance safety for the millions seeking love and making connections.”

The Meet Group and UrSafe will be holding a public webinar on Friday, July 10 beginning at 11:30 a.m. (EDT). Geoff Cook, Chief Executive Officer of The Meet Group, and Dr. Anthony Oyogoa, M.D., Chief Executive Officer and Co-Founder of UrSafe, will be discussing how to stay safe in a new era of dating. The webinar, which is hosted by the Internet Dating Excellence Association, will also welcome Justin Davis, Chief Executive Officer of Spectrum Labs, as well as Jeff Tinsley, Chief Executive Officer of RealMe.

To register for the webinar in advance, please visit: https://us02web.zoom.us/webinar/register/2115931716584/WN_TydzKgYcQSGtqYTPvPQfZw

To learn more about UrSafe, visit ursafe.com and follow @UrSafe_App on Instagram, @UrSafeApp on Facebook and @UrSafe_App on Twitter.

About UrSafe
UrSafe is the first and only hands-free, voice-activated personal safety app fully integrated with 911. Now available for download in the App Store and Google Play, UrSafe is a first-of-its-kind technology built by a team of industry experts in healthcare, military service, and public safety and policy. UrSafe gives you the advanced safety features you need at your fingertips including voice-activated SOS, built-in background screening, real-time location-sharing with friends and family, and geo-located 911 response that functions in over 200 countries and territories. Learn more about UrSafe at ursafe.com.

About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and GROWLr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: themeetgroup.com/safety-practices. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Forward-Looking Statements 
Certain statements made by The Meet Group in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will set a new standard or dating safety, whether we will further revolutionize safer dating through our relationship with UrSafe, and whether the UrSafe technology will further enhance safety for the millions seeking love and making connections.  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,” “outlook,” “is likely,” “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 SEC, including the Form 10-K for the year ended December 31, 2019 filed with the SEC on March 12, 2020 and the Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 6, 2020. 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.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ursafe–the-meet-group-announce-relationship-establishing-a-new-safety-standard-301088938.html

SOURCE UrSafe

The Meet Group Releases Blind Date to Dating Apps MeetMe, Skout, Tagged, and Match Group’s Plenty Of Fish

Blind Dating: The Newest Online Dating Trend

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, has announced the release of Blind Date, a new interactive game rolled out to The Meet Group’s MeetMe, Skout, and Tagged mobile applications, as well as Match Group’s Plenty of Fish (NASDAQ: MTCH). The new feature, an addition to the already-popular NextDate dating game, will provide millions of online daters the opportunity to meet and date users through a timed video chat that is based on personality rather than appearance.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200623005176/en/

The Meet Group Releases Blind Date to Dating Apps MeetMe, Skout, Tagged, and Match Group’s Plenty Of Fish (Photo: Business Wire)

The Meet Group Releases Blind Date to Dating Apps MeetMe, Skout, Tagged, and Match Group’s Plenty Of Fish (Photo: Business Wire)

The latest feature, which offers a digital twist on a traditional “blind date,” gives the streaming host the ability to hear the contestant, not see them, and as the timed virtual date progresses, the contestant’s video becomes less blurred. The contestant is only revealed when the round approaches the end, or after the host chooses to “date” them. Blind Date can be toggled on and off in the NextDate settings.

“A recent survey of MeetMe users found that 91% of members wish that dating was more focused on personality, and 77% would chat with someone before seeing what they looked like,” said Geoff Cook, CEO of The Meet Group. “We are seeing that our members value personality over attractiveness, and with Blind Date, they are given the opportunity to chat first and gain a sense of who they are connecting with. When people make the first impression on Blind Date with their personality and not their face, matching has increased by 65%. Before we launched Blind Date, we saw 23% of dating games resulted in a match, but with Blind Date enabled, we see 38% of members choose to date each other. Personality is a powerful attractor, which we believe leads to more substantive and meaningful connections.”

Blind Date is expected to increase user engagement over time. According to recent insights provided by Plenty of Fish, 65% of United States-based Plenty of Fish members believe that social distancing and self isolation have made them more open to blind dates than ever before. Ninety-percent of online daters feel that chemistry, not attractiveness, is more important to long-term relationship success — an overwhelming 93% want someone to fall in love with them for who they are, and not what they look like.

“The coronavirus pandemic has changed the way people date and our insights show that not only are our members exploring new features like video, but that they desire more meaningful connections,” said Plenty of Fish CEO, Malgosia Green. “With Blind Date, our members can enjoy a low pressure dating experience where chemistry is king.”

Since the start of the pandemic, an average of more than 100,000 NextDate dating games have been played every day on its family of mobile apps, and more are expected in response to Blind Date.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of dating apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe©, LOVOO©, Skout©, Tagged© and Growlr©, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About Plenty of Fish

Plenty of Fish, a Match Group (NASDAQ: MTCH) company, is one of the largest global online dating companies and is available in 11 languages and more than 20 countries. Unlike many dating offerings today, Plenty of Fish offers a less prescriptive, low-pressure user experience that allows singles to discover what they’re looking for.

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 personality matches will lead to more substantive and meaningful connections, whether Blind Date will increase user engagement over time, and whether more users will play NextDate dating games in response to Blind Date. 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,” “outlook,” “is likely,” “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 SEC, including the Form 10-K for the year ended December 31, 2019 filed with the SEC on March 12, 2020 and the Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 6, 2020. 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.

The Meet Group, Inc.
Media Contact: Brandyn Bissinger / bbissinger@themeetgroup.com

Investor Contact: Leslie Arena / larena@themeetgroup.com

Plenty of Fish

Media Contact: Shannon Smith / pr@pof.com

Source: The Meet Group, Inc.

The Meet Group Launches Monetization on Gay Dating App GROWLr

Enables Members to Send Virtual Gifts inside the App

NEW HOPE, Pa.–(BUSINESS WIRE)–

The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, announced the launch of monetization on GROWLr, the world’s largest bear-specific gay dating app. The announcement comes just one month after the company rolled out live video and free private 1:1 chats to the platform. The company accelerated its launch of live video to provide app members the opportunity to virtually connect with others amid the ongoing global pandemic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200611005142/en/

Virtual gifting on GROWLr allows its members to send virtual gifts to livestreamers to show interest and support or start a conversation. Some of the virtual gifts available range from teddy bears, rainbows and roses, to the top gift of a dragon, worth 100,000 credits.

“The launch of virtual gifting on the GROWLr app is very exciting for the community,” said Geoff Cook, Chief Executive Officer of The Meet Group. “Not only does gifting provide a new way for our members to express themselves and connect with others, we also expect it to increase video engagement across the dating app, just like we’ve seen on MeetMe, Skout, and Tagged.”

According to a recent survey conducted on GROWLr, following the launch of Live, 72% of members saw someone they wanted to strike up a conversation with, and 63% felt they were better able to connect with someone when they went on Live. In regard to virtual gifting, 50% said they believed that the ability to send gifts will make for more interesting livestreams, and 61% were more inclined to watch top gifted streamers.

The Meet Group will be celebrating Pride Month through the duration of June and will feature special LGBTQ+ virtual in-app gifts, including a Pride flag, Pride rainbow, and Pride float.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and GROWLr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 gifting will increase video engagement across the GROWLr app. 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,” “outlook,” “is likely,” “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 SEC, including the Form 10-K for the year ended December 31, 2019 filed with the SEC on March 12, 2020 and the Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 6, 2020. 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.

Investors:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

The Meet Group to Participate in Upcoming Virtual Conferences App Promotion Summit USA and MGS Global Virtual Conference

Featured Speakers Include Executives and Co-founders Geoff Cook and Catherine Connelly

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, will be participating in two upcoming virtual conferences. The App Promotion Summit USA and Mobile Growth Association’s MGS Global Virtual Conference will both take place in June 2020, the first welcoming The Meet Group’s Chief Executive Officer and Co-founder, Geoff Cook, and the latter, Senior Vice President of Marketing and Co-founder, Catherine Connelly.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200528005262/en/

The Meet Group to Participate in Upcoming Virtual Conferences (Photo: Business Wire)

The Meet Group to Participate in Upcoming Virtual Conferences (Photo: Business Wire)

The App Promotion Summit USA, a week-long summit aimed at educating on growth marketing strategies and tactics led by North America’s top app promotion leaders, will feature several industry experts, including Mr. Cook. The event welcomes numerous noteworthy attendees, including NBCUniversal, Amazon, Nickelodeon, Snapchat, and Dropbox. Mr. Cook’s presentation will be on June 18, 2020 at 12:30 p.m. ET.

Beginning June 2, 2020, the Mobile Growth Summit Global Virtual Conference, hosted by the Mobile Growth Association, will feature over 100 keynote speakers from around the world. Ms. Connelly, whose presentation begins on June 3 at 11:45 a.m. ET, will discuss the company’s industry-leading feature, Live, and how knowing the user and brand led to the product’s success. Other speakers include representatives from Nextdoor, Reddit, LinkedIn, and Google.

Registration for both events can be found below.

Registration for the App Promotion Summit USA.

Registration for the Mobile Growth Summit Global Virtual Conference.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and GROWLr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investor:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

 

Source: The Meet Group, Inc.

The Meet Group Announces Change to Location for Upcoming Special Meeting of Stockholders

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, today announced that its special meeting of stockholders to approve proposals related to its proposed transaction with ProSiebenSat.1 and General Atlantic (the “Special Meeting”) will now be held by means of a virtual format only due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic and related recommendations and orders from federal, state and local governmental authorities.

The Company will hold its Special Meeting in a virtual meeting format only, via live webcast on June 4, 2020 at 10:00 a.m. Eastern Time. Stockholders of record as of the close of business on April 13, 2020 can attend the virtual Special Meeting. To attend the Special Meeting, stockholders must register in advance, using the control number found on the proxy card, voting instruction form or notice previously received, at https://register.proxypush.com/meet prior to the deadline of June 2, 2020 at 5:00 p.m. Eastern Time. Upon completing registration, stockholders will receive further instructions via email, including a unique link that will allow each registered stockholder to access the Special Meeting and vote online during the meeting.

The meeting will begin promptly at 10:00 a.m. Eastern Time. We encourage stockholders to access the meeting prior to the start time. Online access will open approximately at 9:45 a.m. Eastern Time, and stockholders should allow ample time to log in to the meeting and test their computer audio systems. We recommend that stockholders carefully review the procedures needed to gain admission in advance. There will be technicians ready to assist stockholders with any technical difficulties accessing the Special Meeting.

The Company urges stockholders to vote and submit proxies in advance of the Special Meeting by one of the methods described in the proxy materials for the Special Meeting.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of dating apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe©, LOVOO©, Skout©, Tagged© and Growlr©, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Additional Information and Where to Find It

In connection with the merger and with the solicitation of proxies for the special meeting of stockholders, The Meet Group, Inc. (the “Company”) filed with the Securities and Exchange Commission (“SEC”) a definitive proxy statement of the Company (the “Proxy Statement”) on April 22, 2020, and the Company may file other relevant materials with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain the Proxy Statement free of charge from the SEC’s website or from the Company. The documents filed by the Company with the SEC may be obtained free of charge on the Company’s website at the Investor Relations section of http://ir.themeetgroup.com/CorporateProfile/ or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from the Company by requesting them from Investor Relations by mail at 100 Union Square Drive, New Hope, PA 18938, or by telephone at 215.862.1162.

Participants in the Solicitation

The Company, Buyer and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the Company’s directors and executive officers is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on March 12, 2020, including Amendment no. 1 on Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on April 28, 2020. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the Proxy Statement and other relevant materials to be filed with the SEC regarding the transaction when they become available. Investors should read the Proxy Statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from the Company as indicated above.

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 and when the Special Meeting will occur. 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,” “outlook,” “is likely,” “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 SEC, including the Form 10-K for the year ended December 31, 2019 filed with the SEC on March 12, 2020 and the Form 10-Q for the quarter ended March 31, 2020 filed with the SEC on May 6, 2020. 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.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Launches Live Video on Gay Dating App GROWLr

Announces Weekly Live Shows, Free One-on-One Video Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, announces the launch of live video capabilities on GROWLr, the world’s largest bear-specific gay dating app. The company had previously announced the upcoming release of Live in April, which had been accelerated in order to provide GROWLr members with the ability to connect with others through live video. Additionally, in the midst of the pandemic, one-on-one video chat is now free for all GROWLr members.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200507005237/en/

The Meet Group Launches Live Video on Gay Dating App GROWLr (Photo: Business Wire)

The Meet Group Launches Live Video on Gay Dating App GROWLr (Photo: Business Wire)

The Meet Group expects the launch of Live capabilities on GROWLr will help create more meaningful connections within the community. Since the feature was released on GROWLr on April 21, over 50,000 members have engaged with live video, with an average of 15,000 members using Live every day.

“Livestreaming allows people to make connections and remain socially distant,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We hope GROWLr Live will enhance how our users connect with each other, especially in these difficult times. This week, we rolled-out free one-on-one video chat on GROWLr to provide members with the opportunity to safely connect through private virtual dates.”

Through free one-on-one video chat, users will be able to connect with one another and form deeper relationships without the pressure of streaming live in front of hundreds, or thousands, of people.

Since the release of Live, 87% of surveyed GROWLr members have said they feel they are able to connect with more people, and 90% have agreed that the feature provides them with a better way to meet and socialize with others during the pandemic.

Beginning this week, GROWLr will host a variety of free live entertainment shows on its mobile application, welcoming musical artists, comedians, and more. The company hopes that with nightlife at a virtual standstill across the country, the live shows can help to bring the community together and provide members with a safe and enjoyable experience from the comfort of their own homes. The weekly, hour-long livestream entertainment series begins at 9:00 p.m. EDT tonight.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and GROWLr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 statements regarding whether the launch of Live capabilities on GROWLr will help create more meaningful connections within the community; whether GROWLr users will continue to use Live at current rates; whether GROWLr Live will enhance how our users connect with each other; whether through one-on-one video chat users will be able to connect with one another and form deeper relationships without the pressure of streaming live in front of hundreds, or thousands, of people; whether GROWLr will host live shows as anticipated and whether they will bring the community together and provide members with a safe and enjoyable experience from the comfort of their own homes. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “think,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “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, 2019 filed with the SEC on March 12, 2020, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 filed with the SECMay 6, 2020. 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.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Reports First Quarter 2020 Financial Results

The Meet Group to Release Blind Date and Second Date to MeetMe and Skout Live

Hopes to Encourage Socially Distant Dating During the Pandemic

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, plans to release two new features to its NextDate dating game, Blind Date and Second Date, on its MeetMe and Skout livestreaming dating apps in the coming weeks. The announcement comes in the midst of the COVID-19 pandemic which is forcing millions of people to practice social distancing and self-isolation. Through the release of Blind Date and Second Date, The Meet Group hopes to encourage its users to make connections, find love, and regain a sense of community, all while remaining socially distant. NextDate, a gamified version of speed dating, was introduced to The Meet Group’s portfolio of mobile apps in October 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200429005150/en/

The Meet Group to Release Blind Date and Second Date to MeetMe and Skout Live

The Meet Group to Release Blind Date and Second Date to MeetMe and Skout Live

Blind Date allows NextDate users to meet and date streamers through a timed video chat. The streaming host can hear but not see the contestant, therefore making the date based on personality rather than looks. As the mini-date continues, the contestant’s video becomes increasingly less blurred and is revealed only when time runs out or if the host selects the “date” option.

Second Date gives a contestant the chance to have a number of subsequent dates with the streamer during the game, adding a new element to the NextDate experience. With Second Date, when the streamer chooses to “date” a contestant, the contestant is given the opportunity to play an unlimited number of times in the same game session unless the streamer decides to “next” them. Second Date allows contestants and streamers to be able to converse, connect, and potentially find love.

Because of the outbreak, The Meet Group is seeing users spend more time in video chats and livestreaming than ever before. Today over 100,000 NextDate games are played daily, and more than 1 million people either watch or livestream every day.

“Since the start of the pandemic, video chats have increased by 48%, and time spent in video increased by 47%,” said Geoff Cook, Chief Executive Officer of The Meet Group. “In response to the enacting and extension of social distancing measures across the country, we are accelerating the launch of video dating products across our portfolio of mobile dating apps in order to provide our users with new ways to connect during these uncertain times.”

Blind Date and Second Date are expected to be released to both MeetMe and Skout users in May.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 statements regarding whether we will release Blind Date and Second Date as anticipated; whether Blind Date and Second Date will cause users to make connections, find love, and regain a sense of community, all while remaining socially distant; whether Blind Date and Second Date will operate as expected; whether users will continue to spend more time in video chats and livestreaming than before the pandemic; whether video chats and time spend in video will continue to increase and if so at what rate; and whether we will accelerate the launch of video dating products across our portfolio of dating apps as anticipated. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “think,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “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, 2019 filed with the SEC on March 12, 2020. 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.

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

The Meet Group Announces Date of Earnings Release for First Quarter 2020 Financial Results

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive dating solutions, today announced that its first quarter 2020 financial results will be issued in a press release on Wednesday, May 6, 2020, before the open of the market.

Due to the pending acquisition of the Company by ProsiebenSat.1’s and General Atlantic’s joint company NuCom Group announced on March 5, 2020, The Meet Group does not plan to host a conference call for its first quarter 2020 business results.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive dating solutions designed to meet the universal need for human connection. Our ecosystem of dating apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

Largest African-American Dating App, Tagged, To Rollout Live Video Dating to Respond to COVID-19

Blind Date and 1:1 Video Chat Help Users Maintain Safe Dating Distance

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, has created two new features designed to help users connect while maintaining proper dating distance on its popular mobile application, Tagged — the country’s largest dating app primarily focused on African Americans. The two features, Blind Date and 1:1 video chat, are designed to provide socially distant users with options to engage and build new relationships.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200416005093/en/

Largest African-American Dating App, Tagged, To Rollout Live Video Dating to Respond to COVID-19 (Graphic: Business Wire)

Largest African-American Dating App, Tagged, To Rollout Live Video Dating to Respond to COVID-19 (Graphic: Business Wire)

Blind Date allows users to meet and date streamers through a timed video chat based on personality rather than looks. The streaming host can hear but not see the contestant. As the mini-date progresses, the contestant’s video becomes less blurred and more clear. The contestant is revealed when time runs out or after the host decides it’s a match and taps the “date” option. The feature is a new mode of the Company’s popular NextDate dating game.

The Company also plans to enable 1:1 video chat on Tagged as an alternative to meeting in person. “Meeting in person is no longer safe for large swaths of the world,” said Geoff Cook, CEO of The Meet Group. “We have reminded our users that in-person dating is not essential and that social distancing is important. These video dating features, we hope, will help people find support, connection, and love in these uncertain times.

“There are more than 95,000 NextDate dating games played each day on our apps, and more than one million people either watch or livestream on our video platform every day,” added Cook. “Since the start of the pandemic, time spent in video has increased by 39%. As the social distancing timeline is extended, we are accelerating the launch of video dating products across our portfolio of dating apps.”

The Company expects to roll-out Blind Date and 1:1 video chat to Tagged users over the coming weeks.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of social dating and livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 statements regarding whether we will roll-out Blind Date and video 1:1 chat on Tagged in the coming weeks as expected; whether Blind Date and 1:1 video chat will provide socially distant users with options to engage and build new relationships, and help people find support, connection, and love; whether video chats and time spend in video will continue to increase and if so at what rate; and whether we will accelerate the launch of video dating products across our portfolio of dating apps. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “think,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “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, 2019 filed with the SEC on March 12, 2020. 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.

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

GROWLr to Launch Live Video Dating to Respond to Pandemic

1st Sizeable Gay Dating App in North America to Go All-in on Live Video

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the rollout of Live Video to users of its gay dating mobile application, GROWLr. GROWLr is expected to be the first major North American gay dating app to release a livestreaming video feature that allows any user to go live.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200402005149/en/

GROWLr To Launch Live Video Dating to Respond to Pandemic (Graphic: Business Wire)

GROWLr To Launch Live Video Dating to Respond to Pandemic (Graphic: Business Wire)

“In today’s climate, livestreaming allows people to feel connected while maintaining proper dating distance,” said Geoff Cook, Chief Executive Officer. “GROWLr is the world’s largest bear-specific social network, the premier dating destination for bears and their admirers. Our users are always seeking new ways to make meaningful connections and GROWLr Live provides immediate intimacy that other LGBT dating apps don’t offer.”

“Since the outbreak, we’ve seen explosive, overnight growth of our other live video platforms, MeetMe, LOVOO, Skout and Tagged. For example, in just the last week we saw a 33% increase in time spent in video and a 38% increase in video chats per day compared to the week before COVID-19 was declared a global pandemic by the World Health Organization. Today, more than one million people are now either watching or broadcasting in The Meet Group’s livestreaming dating platform every day.”

“GROWLr already has an amazing sense of community and we think GROWLr Live will only enhance how users connect. The Meet Group expects to begin to rollout GROWLr Live within the next two weeks, with free one-on-one video chat to follow by the end of April.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 statements regarding whether we will begin the rollout of GROWLr Live as expected; whether the growth in the use of our video platforms will continue, including time spent and video chats per day, and if so, at what rate; whether the number of people watching or broadcasting on our livestreaming video platforms will continue at current levels; whether GROWLr Live will enhance how users connect; and whether we will release free one-on-one video chat as expected. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “think,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “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, 2019 filed with the SEC on March 12, 2020. 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.

Investors:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Reports Fourth Quarter and Full Year 2019 Financial Results

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today reported financial results for its fourth quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights

  • Total revenue of $57.6 million, up 10% from the prior year quarter.
  • GAAP net income of $4.9 million, or $0.07 per diluted share, compared with $4.3 million, or $0.06 per diluted share in the prior year quarter.
  • Adjusted EBITDA of $13.3 million, compared with $10.6 million in the prior year quarter.
  • Non-GAAP net income of $12.4 million, or $0.17 per diluted share, compared with $9.4 million, or $0.12 per diluted share, in the prior year quarter.

Full Year 2019 Financial Highlights

  • Total revenue of $211.7 million, up 19% from the prior year.
  • GAAP net income of $11.3 million, or $0.15 per diluted share, compared with $1.1 million, or $0.02 per diluted share in the prior year.
  • Adjusted EBITDA of $42.2 million, compared with $32.0 million in the prior year.
  • Non-GAAP net income of $38.3 million, or $0.50 per diluted share, compared with $27.5 million, or $0.36 per diluted share, in the prior year.

(See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measures, below.)

“This is an exciting time for The Meet Group,” said Geoff Cook, Chief Executive Officer of The Meet Group. “I believe the transaction with ProSiebenSat.1 is a tremendous validation of our strategy to marry livestreaming video with dating. The combination of our companies adds our strength in freemium dating to ProSieben’s existing premium services, resulting in a more dynamic and well-rounded dating portfolio. Further, the transaction will allow us to pursue new strategic opportunities and accelerate growth by leveraging our video platform and ProSieben’s experience with content and entertainment.

“We are pleased with our results in the fourth quarter, which capped a solid year in which we more than doubled video revenue, launched new growth initiatives and further strengthened our safety leadership through new products and partner collaboration. I am proud of our team and all that we have accomplished.”

Fourth Quarter and Full Year Financial Results

For the fourth quarter of 2019, the Company reported revenue of $57.6 million, an increase of $5.1 million, or 10%, from $52.5 million in the fourth quarter of 2018. GAAP net income for the fourth quarter of 2019 was $4.9 million, or $0.07 per diluted share, compared with $4.3 million, or $0.06 per diluted share in the fourth quarter of 2018. Adjusted EBITDA for the fourth quarter of 2019 was $13.3 million, compared with $10.6 million in the fourth quarter of 2018. Non-GAAP net income for the fourth quarter of 2019 was $12.4 million, or $0.17 per diluted share, compared with $9.4 million, or $0.12 per diluted share, in the fourth quarter of 2018.

For the year ended December 31, 2019, the Company reported revenue of $211.7 million, an increase of $33.1 million, or 19%, from $178.6 million for the year ended December 31, 2018. GAAP net income for the year ended December 31, 2019 was $11.3 million, or $0.15 per diluted share, compared with $1.1 million, or $0.02 per diluted share for the year ended December 31, 2018. Adjusted EBITDA for the year ended December 31, 2019 was $42.2 million, compared with $32.0 million for the year ended December 31, 2018. Non-GAAP net income for the year ended December 31, 2019 was $38.3 million, or $0.50 per diluted share, compared with $27.5 million, or $0.36 per diluted share, for the year ended December 31, 2018.

The Company ended the year with $27.2 million in cash and cash equivalents.

The Meet Group Acquisition by ProSiebenSat.1 and General Atlantic

On March 5, 2020, the Company announced that it had entered into a definitive agreement to be acquired by ProSiebenSat.1’s and General Atlantic’s joint company NuCom Group in an all cash transaction for $6.30 per fully diluted share representing an enterprise value of approximately $500 million. The transaction is expected to close in the second half of 2020. Due to the pending acquisition by ProSiebenSat.1`s and General Atlantic’s joint company NuCom Group, the Company does not plan to host an earnings conference call or provide forward-looking guidance.

 

THE MEET GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share data)

 

 

 

 

 

 

 

2019

 

2018

 

 

(Unaudited)

 

 

Assets:

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

27,241

 

 

$

28,366

 

Accounts receivable, net of allowance for bad debts of $269 and $384 as of December 31, 2019 and 2018, respectively

25,234

 

 

27,148

 

Prepaid expenses and other current assets

6,062

 

 

4,911

 

Total current assets

58,537

 

 

60,425

 

Deferred tax assets

16,233

 

 

19,049

 

Property and equipment, net

3,625

 

 

4,634

 

Operating lease right-of-use assets

7,034

 

 

 

Intangible assets, net

29,305

 

 

36,558

 

Goodwill

156,687

 

 

148,133

 

Other assets

1,300

 

 

2,454

 

Total assets

$

272,721

 

 

$

271,253

 

Liabilities and stockholders’ equity:

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

5,346

 

 

$

9,071

 

Accrued liabilities

20,090

 

 

19,112

 

Current portion of long-term debt, net

3,500

 

 

18,567

 

Current portion of operating lease liabilities

2,081

 

 

 

Current portion of finance lease obligations

10

 

 

134

 

Deferred revenue

3,884

 

 

4,621

 

Total current liabilities

34,911

 

 

51,505

 

Long-term debt, net

30,375

 

 

18,088

 

Long-term operating lease liabilities

5,024

 

 

 

Long-term finance lease obligations

53

 

 

59

 

Long-term derivative liabilities

1,451

 

 

940

 

Deferred tax liabilities

2,773

 

 

3,400

 

Other liabilities

894

 

 

40

 

Total liabilities

75,481

 

 

74,032

 

Commitments and contingencies

 

 

 

Stockholders’ equity:

 

 

 

Preferred stock, $0.001 par value; authorized – 5,000,000 shares; no shares issued and outstanding as of December 31, 2019 and 2018

 

 

 

Series A junior participating preferred stock, $0.001 par value; authorized – 200,000 shares; no shares issued and outstanding as of December 31, 2019 and 2018

 

 

 

Common stock, $0.001 par value; authorized – 100,000,000 shares; 70,756,013 and 74,697,526 shares issued and outstanding as of December 31, 2019 and 2018, respectively

71

 

 

75

 

Additional paid-in capital

430,959

 

 

419,456

 

Accumulated deficit

(231,441

)

 

(220,276

)

Accumulated other comprehensive loss

(2,349

)

 

(2,034

)

Total stockholders’ equity

197,240

 

 

197,221

 

Total liabilities and stockholders’ equity

$

272,721

 

 

$

271,253

 

 
 

THE MEET GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

 

 

Three Months Ended December 31,

 

Year Ended December 31,

 

2019

 

2018

 

2019

 

2018

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

 

Revenue

$

57,567

 

 

$

52,458

 

 

$

211,701

 

 

$

178,613

 

Operating costs and expenses:

 

 

 

 

 

 

 

Sales and marketing

8,683

 

 

8,531

 

 

34,332

 

 

32,086

 

Product development and content

32,578

 

 

30,110

 

 

124,425

 

 

102,757

 

General and administrative

5,791

 

 

5,532

 

 

21,931

 

 

21,094

 

Depreciation and amortization

3,052

 

 

3,217

 

 

13,131

 

 

13,776

 

Acquisition, restructuring and other

(334

)

 

236

 

 

414

 

 

5,038

 

Total operating costs and expenses

49,770

 

 

47,626

 

 

194,233

 

 

174,751

 

Income from operations

7,797

 

 

4,832

 

 

17,468

 

 

3,862

 

Other income (expense):

 

 

 

 

 

 

 

Interest income

18

 

 

11

 

 

107

 

 

24

 

Interest expense

(270

)

 

(484

)

 

(1,301

)

 

(2,322

)

(Loss) gain on disposal of assets

 

 

(95

)

 

41

 

 

(95

)

Gain (loss) on foreign currency transactions

43

 

 

(3

)

 

(51

)

 

97

 

Other items of (expense) income, net

(6

)

 

16

 

 

(1

)

 

44

 

Total other expense

(215

)

 

(555

)

 

(1,205

)

 

(2,252

)

Income before income tax (expense) benefit

7,582

 

 

4,277

 

 

16,263

 

 

1,610

 

Income tax (expense) benefit

(2,704

)

 

17

 

 

(4,929

)

 

(467

)

Net income

$

4,878

 

 

$

4,294

 

 

$

11,334

 

 

$

1,143

 

 

 

 

 

 

 

 

 

Basic and diluted net income per share:

 

 

 

 

 

 

 

Basic net income per share

$

0.07

 

 

$

0.06

 

 

$

0.15

 

 

$

0.02

 

Diluted net income per share

$

0.07

 

 

$

0.06

 

 

$

0.15

 

 

$

0.02

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

Basic

71,332,964

 

 

74,217,118

 

 

74,118,035

 

 

73,085,542

 

Diluted

74,233,459

 

 

76,863,201

 

 

76,921,420

 

 

75,616,439

 

 
 

THE MEET GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

 

 

 

 

 

Year Ended December 31,

 

 

2019

 

2018

 

(Unaudited)

 

 

Cash flows from operating activities:

 

 

 

Net income

$

11,334

 

 

$

1,143

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

Depreciation and amortization

13,131

 

 

13,776

 

Amortization of right-of-use assets

2,567

 

 

 

Stock-based compensation expense

11,107

 

 

9,286

 

Deferred tax expense (benefit)

2,213

 

 

(130

)

(Gain) loss on disposal of assets

(41

)

 

95

 

Loss (gain) on foreign currency transactions

51

 

 

(97

)

Bad debt expense

1,884

 

 

598

 

Non-cash interest expense

323

 

 

327

 

Changes in derivative financial instruments

 

 

28

 

Changes in contingent consideration obligations

1,059

 

 

 

Changes in operating assets and liabilities:

 

 

 

Accounts receivable

489

 

 

(1,519

)

Prepaid expenses, other current assets and other assets

1,378

 

 

(2,773

)

Accounts payable and accrued liabilities

(7,114

)

 

7,495

 

Deferred revenue

(765

)

 

368

 

Net cash provided by operating activities

37,616

 

 

28,597

 

Cash flows from investing activities:

 

 

 

Purchases of property and equipment

(1,515

)

 

(2,507

)

Acquisition of business, net of cash acquired

(11,808

)

 

 

Net cash used in investing activities

(13,323

)

 

(2,507

)

Cash flows from financing activities:

 

 

 

Proceeds from exercise of stock options

770

 

 

2,562

 

Repurchases of common stock

(22,505

)

 

 

Payments of finance leases

(191

)

 

(241

)

Proceeds from revolving loan

7,000

 

 

 

Proceeds from term loan, net

34,907

 

 

 

Payments for restricted stock awards withheld for taxes

(372

)

 

(420

)

Payments of loan origination costs

(108

)

 

 

Payments of revolving loan

(7,000

)

 

 

Payments of contingent consideration

 

 

(5,000

)

Payments of term loan

(37,815

)

 

(19,310

)

Net cash used in financing activities

(25,314

)

 

(22,409

)

Change in cash and cash equivalents prior to effect of foreign currency exchange rate

(1,021

)

 

3,681

 

Effect of foreign currency exchange rate

(104

)

 

(368

)

Net (decrease) increase in cash and cash equivalents

(1,125

)

 

3,313

 

Cash and cash equivalents at beginning of period

28,366

 

 

25,053

 

Cash and cash equivalents at end of period

$

27,241

 

 

$

28,366

 

Supplemental disclosure of cash flow information:

 

 

 

Cash paid for interest

$

1,027

 

 

$

1,971

 

Cash paid for income taxes

$

2,723

 

 

$

 

 

 

THE MEET GROUP, INC.

DISAGGREGATION OF REVENUE

(UNAUDITED)

(In thousands)

 

 

 

 

 

Three Months Ended December 31,

 

Year Ended December 31,

 

2019

 

2018

 

2019

 

2018

 

$

 

%

 

$

 

%

 

$

 

%

 

$

 

%

User pay revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Video

$

22,272

 

 

38.7

%

 

$

15,189

 

 

29.0

%

 

$

84,113

 

 

39.7

%

 

$

39,282

 

 

22.0

%

Subscription and other in-app products

14,913

 

 

25.9

%

 

16,106

 

 

30.7

%

 

61,683

 

 

29.2

%

 

68,048

 

 

38.1

%

Total user pay revenue

37,185

 

 

64.6

%

 

31,295

 

 

59.7

%

 

145,796

 

 

68.9

%

 

107,330

 

 

60.1

%

Advertising

20,382

 

 

35.4

%

 

21,163

 

 

40.3

%

 

65,905

 

 

31.1

%

 

71,283

 

 

39.9

%

Total revenue

$

57,567

 

 

100.0

%

 

$

52,458

 

 

100.0

%

 

$

211,701

 

 

100.0

%

 

$

178,613

 

 

100.0

%

 
 

THE MEET GROUP, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA

(UNAUDITED)

(In thousands)

 

 

Three Months Ended

December 31,

 

Year Ended December 31,

 

2019

 

2018

 

2019

 

2018

Net income

$

4,878

 

 

$

4,294

 

 

$

11,334

 

 

$

1,143

 

Interest expense

270

 

 

484

 

 

1,301

 

 

2,322

 

Income tax expense (benefit)

2,704

 

 

(17

)

 

4,929

 

 

467

 

Depreciation and amortization expense

3,052

 

 

3,217

 

 

13,131

 

 

13,776

 

Stock-based compensation expense

2,786

 

 

2,259

 

 

11,107

 

 

9,286

 

Acquisition, restructuring and other

(334

)

 

236

 

 

414

 

 

5,038

 

Loss (gain) on disposal of assets

 

 

95

 

 

(41

)

 

95

 

(Gain) loss on foreign currency transactions

(43

)

 

3

 

 

51

 

 

(97

)

Adjusted EBITDA

$

13,313

 

 

$

10,571

 

 

$

42,226

 

 

$

32,030

 

 
 

THE MEET GROUP, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME

(UNAUDITED)

(In thousands, except share and per share data)

 

 

 

 

 

Three Months Ended

December 31,

 

Year Ended December 31,

 

2019

 

2018

 

2019

 

2018

GAAP net income

$

4,878

 

 

$

4,294

 

 

$

11,334

 

 

$

1,143

 

Stock-based compensation expense

2,786

 

 

2,259

 

 

11,107

 

 

9,286

 

Amortization of intangibles

2,402

 

 

2,605

 

 

10,533

 

 

11,520

 

Income tax expense (benefit)

2,704

 

 

(17

)

 

4,929

 

 

467

 

Acquisition, restructuring and other

(334

)

 

236

 

 

414

 

 

5,038

 

Non-GAAP net income

$

12,436

 

 

$

9,377

 

 

$

38,317

 

 

$

27,454

 

 

 

 

 

 

 

 

 

GAAP basic net income per share

$

0.07

 

 

$

0.06

 

 

$

0.15

 

 

$

0.02

 

GAAP diluted net income per share

$

0.07

 

 

$

0.06

 

 

$

0.15

 

 

$

0.02

 

Basic Non-GAAP net income per share

$

0.17

 

 

$

0.13

 

 

$

0.52

 

 

$

0.38

 

Diluted Non-GAAP net income per share

$

0.17

 

 

$

0.12

 

 

$

0.50

 

 

$

0.36

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

Basic

71,332,964

 

 

74,217,118

 

 

74,118,035

 

 

73,085,542

 

Diluted

74,233,459

 

 

76,863,201

 

 

76,921,420

 

 

75,616,439

 

 
 

THE MEET GROUP, INC. AND SUBSIDIARIES

RECONCILIATION OF NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW

(UNAUDITED)

(In thousands)

 

 

Three Months Ended

December 31,

 

Year Ended December 31,

 

2019

 

2018

 

2019

 

2018

Net cash provided by operating activities

$

10,963

 

 

$

10,398

 

 

$

37,616

 

 

$

28,597

 

Less: Purchases of property and equipment

(357

)

 

(2,103

)

 

(1,515

)

 

(2,507

)

Free cash flow

$

10,606

 

 

$

8,295

 

 

$

36,101

 

 

$

26,090

 

 

Webcast and Conference Call Details

Due to the pending acquisition by ProSiebenSat.1’s and General Atlantic’s joint company NuCom Group, the Company does not plan to host an earnings conference call.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe©, LOVOO©, Skout©, Tagged© and Growlr©, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 the transaction with ProSiebenSat.1 is a validation of our business strategy; whether a combined company will add our strength in freemium dating to ProSieben’s existing premium services; whether a combined company will result in a more dynamic and well-rounded dating portfolio; whether the transaction will allow us to pursue new strategic opportunities and accelerate growth; whether our current levels of video revenue growth will continue; and whether and when our transaction with ProSieben will close. 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,” “outlook,” “is likely,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019 and November 8, 2019, respectively. 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.

Regulation G – Non-GAAP Measures

The Company defines mobile traffic and engagement metrics (including MAU, DAU, chats per day, and new users per day) to include mobile app traffic for all properties and mobile web traffic for MeetMe, Skout and LOVOO. The Company defines a Video Daily Active User (vDAU) as a registered user of one of our platforms who has logged in and visited the Live feature, either as a broadcaster or viewer, on the day of measurement. The Company defines Average Daily Video Revenue per Daily Active User (vARPDAU) as the average daily video revenue per vDAU. The Company uses these user metrics for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company presents user metrics because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in its industry and because it believes that these metrics provide useful information to investors regarding the Company’s financial condition and results of operations. There is no directly comparable U.S. generally accepted accounting principles (GAAP) measure to vARPDAU provided in the Company’s financial statements and therefore no reconciliation is provided.

The Company uses Adjusted EBITDA, Non-GAAP Net Income and Free Cash Flow, which are not calculated and presented in accordance with GAAP, in evaluating its financial and operational decision making and as a means to evaluate period-to period comparison. The Company uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. We refer you to the reconciliations below for these historical non-GAAP financial measures to their directly comparable GAAP financial measures. Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable to the Company without unreasonable effort. The Company is not able to provide reconciliations of Adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted, such as the provision for income taxes. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income and statement of cash flow, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to the Company without unreasonable effort. The Company provides a range for its Adjusted EBITDA outlook that it believes will be achieved, however it cannot accurately predict all the components of the Adjusted EBITDA calculation.

The Company defines Adjusted EBITDA as net income (or loss) before interest expense, benefit from or provision for income taxes, depreciation and amortization expense, stock-based compensation expense, non-recurring acquisition, restructuring or other expenses, gain or loss on foreign currency transactions, gain or loss on sale or disposal of assets, bad debt expense outside the normal range, and goodwill and long-lived asset impairment charges. The Company excludes stock-based compensation expense because it is non-cash in nature. The Company defines Non-GAAP Net Income as net income (or loss) before benefit from or provision for income taxes, amortization on intangibles, non-recurring acquisition, restructuring and other expenses, goodwill and long-lived asset impairment charges and non-cash stock-based compensation expense. The Company defines Free Cash Flow as net cash provided by or used in its operating activities, minus purchases of property and equipment, as shown in the consolidated statements of cash flows.

Non-GAAP financial measures should not be considered as an alternative to net income, operating income, cash flow from operating activities, as a measure of liquidity or any other financial measure. They may not be indicative of the historical operating results of the Company nor is it intended to be predictive of potential future results. Investors should not consider non-GAAP financial measures in isolation or as a substitute for performance measures calculated in accordance with GAAP.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Executives to Speak at IDEA SUMMIT NY and Global Dating Insights’ Inaugural New York Conference

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc.(NASDAQ: MEET), a leading provider of interactive livestreaming solutions, will be taking part in two upcoming dating industry events.

On Friday, March 6, 2020, the IDEA SUMMIT and WOW (World Officers Weekend) will bring together some of the most influential CEOs in the dating industry, including The Meet Group’s Chief Executive Officer, Geoff Cook, who will be discussing the company’s plan to enhance authenticity through its upcoming AI-powered verification badge. The event, which is hosted by the Internet Dating Excellence Association, is sponsored by The Meet Group and will take place at Harvard Club New York.

The Meet Group’s Senior Vice President of Corporate Development, Blake Kuhre, will be speaking about live video and vPaaS, or Video Platform as a Service, during his Breaking New Ground in Trust and Safety presentation at Global Dating Insights’ inaugural New York Conference. The conference, which occurs on Tuesday, March 10, 2020, is sponsored by Google, Spectrum Labs, and more.

For more information on either event, visit the IDEA SUMMIT’s or Global Dating Insights’ website.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

The Meet Group Announces Definitive Agreement to be Acquired by ProSiebenSat.1 and General Atlantic

  • The Meet Group Shareholders to Receive $6.30 per Share in Cash
  • Transaction Will Provide Certain and Immediate Value to Shareholders
  • Transaction Expected to Close in the 2nd half 2020

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading portfolio of mobile dating apps, today announced that it has entered into a definitive agreement to be acquired by ProSiebenSat.1`s and General Atlantic’s joint company NuCom Groupin an all cash transaction for $6.30 per fully diluted share representing an enterprise value of approximately $500 million. Together with NuCom Group’s portfolio company Parship Group, a matchmaking platform with its brands Parship, Elite Partner and eharmony, The Meet Group will become an integral part of a global leader in the online dating and social entertainment sector.

After careful and thorough review, and following consultation with The Meet Group’s financial and legal advisors, the transaction was unanimously approved by The Meet Group’s board of directors. The purchase price represents a 30% and 43% premium to the unaffected 30 and 60 trading day volume weighted average price, respectively, to The Meet Group’s common stock through December 13, 2019, the last trading day prior to published market speculation regarding a potential transaction involving the company.

“The Meet Group Board of Directors undertook a robust process, which culminated in a transaction that we believe will deliver certain and immediate value to our shareholders,” said Spencer Rhodes, Chairman of The Meet Group Board of Directors. “We are excited about this transaction and the significant benefits resulting from a combination with Parship Group,” said Geoff Cook, Chief Executive Officer of The Meet Group. “This transaction will allow us to tap new strategic growth opportunities by leveraging our video platform and ProSiebenSat.1’s experience with content and entertainment. What’s more, with this transaction and the participation of both General Atlantic and ProSiebenSat.1, we will achieve a new level of financial scale and backing, which has the potential to further accelerate our growth.”

The Meet Group’s freemium dating brands, featuring its industry-leading video platform technology, will be combined with NuCom’s portfolio company Parship Group, which operates premium subscription dating brands including eharmony, Parship and Elite Partner. The transaction will diversify the revenue streams of both companies and increase their combined international footprint by broadening the companies’ user base.

Max Conze, CEO, ProSiebenSat.1 Media SE: “The acquisition of The Meet Group is one of ProSiebenSat.1’s largest transactions. It will significantly advance our ambition to create one of the leading global players in online dating and interactive live video. We believe the combination of these two successful and complementary businesses will also create synergies within the ProSiebenSat.1 universe and accelerate the growth of our market share in the German live video apps sector.”

Tim Schiffers, CEO Parship Group: “Following a successful acquisition of eharmony, we have proven that we can manage new businesses and accelerate their growth by combining the best of both worlds. We continue to consolidate our position in the online dating market and extend our business model by adding social entertainment. I am looking forward to working with our new colleagues to solidify our international footprint.”

The transaction, which is expected to close in the 2nd half of 2020, is subject to approval by The Meet Group’s stockholders, along with the satisfaction of customary closing conditions and regulatory approvals, including the expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, antitrust approvals in Germany and Austria as well as approval from the Committee on Foreign Investment in the United States. The Meet Group expects to hold a special meeting of its stockholders to consider and vote on the transaction as soon as feasible after the mailing of the proxy statement to shareholders.

The Meet Group plans to release its fourth quarter fiscal year 2019 results before market open on March 11, 2020. In light of the pending transaction announced today, the company will not hold a corresponding conference call.

Representation

BofA Securities is acting as financial advisor to The Meet Group, and Morgan, Lewis & Bockius LLP is acting as legal counsel.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About ProSiebenSat.1 Media SE

ProSiebenSat.1 combines leading entertainment brands with a successful production business and a strongly growing commerce portfolio and is thus one of the most diversified media companies in Europe. We want to offer great entertainment – whenever, wherever and on any device. We can address over 45 million TV households in Germany, Austria and Switzerland with our 15 free and pay TV channels. At the same time, we reach around 36 million unique users every month with online offerings marketed by ProSiebenSat.1. Successful formats like “The Masked Singer”, “Germany’s Next Topmodel”, and “Beat the Channel” as well as top-notch stars like Heidi Klum, or Dwayne Johnson belong to our family. Shows like “Bosch”, “Married at First Sight”, or “Queen of Drags” are created within our production and distribution business Red Arrow Studios. Our global digital studio Studio71 achieves over 9.9 billion monthly video views and operates more than 1,400 web channels. Our NuCom Group is a rapidly growing e-commerce player with leading portfolio companies that offer online price comparison, matchmaking, experiences as well as beauty & lifestyle. ProSiebenSat.1 are more than 7,000 passionate creators that love to entertain and delight our viewers and consumers each day.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. General Atlantic has more than 150 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

About NuCom Group

NuCom Group is the growth partner for consumer internet companies. We create global category leaders and accelerate the growth of our portfolio companies by adding marketing power, operational expertise and clear buy-and-build strategies. Thereby we combine the strengths of our shareholders in a “best of both worlds” approach, featuring the reach, know-how and resources from the ProSiebenSat.1 Group and the expertise and firepower of General Atlantic, a leading global growth equity investor. We focus on B2C asset light business models with a clear USP and differentiation. Currently our portfolio is divided in four verticals: consumer advice, matchmaking, experience and gift vouchers and beauty and lifestyle.

https://www.nucom.group/

About Parship Group

The Parship Group is the leading provider of online matchmaking services. The well-known international brands Parship, ElitePartner and eharmony belong to the group. All three services use scientific methods to successfully support singles in finding meaningful relationships that enrich their lives. Both Parship and eharmony are pioneers in using algorithms to create highly compatible relationships. California-based eharmony was founded in 2000 and operates in the United States, Canada, the United Kingdom and Australia. Parship invented scientific matchmaking in Europe in 2001 and today offers its service in the German-speaking world and the Benelux countries. Since 2004, ElitePartner is the premium partner agency for sophisticated singles, operating in the DACH-region. Currently, the Parship Group employs over 300 colleagues in Hamburg / Germany (headquarters), Los Angeles, London and Amsterdam.

https://www.parshipgroup.com/

Caution Regarding Forward Looking Statements:

This document contains forward-looking statements, including statements regarding the proposed acquisition of The Meet Group (the “Company”) by eharmony Holding, Inc. (the “Parent”). From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements often contain words such as “may,” “can,” “could,” “would,” “should,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “believes,” “seeks,” “will,” “is likely to,” “scheduled,” “positioned to,” “continue,” “forecast,” “aim,” “goal,” “target,” “predicting,” “projection,” “potential” or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements may include references to goals, plans, strategies, objectives, projected costs or savings, anticipated future performance, results, events or transactions of the Company and the expected timing of the proposed transaction with Parent and other statements that are not strictly historical in nature. These forward-looking statements are based on management’s current expectations, forecasts and assumptions and could ultimately prove inaccurate. This means the forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: uncertainties as to the timing of the merger; uncertainties as to how many of the Company’s stockholders will vote in favor of the merger; the possibility that competing offers will be made; the ability to receive the required consents and regulatory approvals for the proposed transaction and to satisfy the other conditions to the closing of the transaction on a timely basis or at all, including the required regulatory clearances under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), the Bundeswettbewerbsbehörde (Austria’s Federal Competition Authority) and Bundeskartellamt (Germany’s Federal Cartel Office) and from the Committee on Foreign Investment in the United States (CFIUS); the failure of Parent to obtain or provide on a timely basis or at all the necessary financing as set forth in the Equity Commitment Letters delivered pursuant to the Merger Agreement; the occurrence of events that may give rise to a right of one or both of the Company and Parent to terminate the merger agreement; the risk that, prior to the completion of the transaction, the Company’s business and its relationships with employees, collaborators, vendors and other business partners could experience significant disruption due to transaction-related uncertainty; the risk that stockholder litigation in connection with the Merger may result in significant costs of defense, indemnification and liability; negative effects of the announcement of the transaction on the market price of Company common stock and/or on the Company’s business, financial condition, results of operations and financial performance; risks associated with transaction-related litigation; and the ability of the Company to retain and hire key personnel; and the risks and uncertainties pertaining to the Company’s business, including those detailed under “Risk Factors” and elsewhere in the Company’s public periodic filings with the SEC. There can be no assurance that the proposed transaction or any other transaction described above will in fact be consummated in the manner described or at all. Stockholders, potential investors and other readers are urged to consider these risks and uncertainties in evaluating forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. It is not possible to anticipate or foresee all risks and uncertainties, and investors should not consider any list of risks and uncertainties to be exhaustive or complete. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, please see the Company’s statements and reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC and other written statements made by the Company from time to time. The forward-looking information herein is given as of this date only and is qualified in its entirety by this cautionary statement, and the Company undertakes no obligation to revise or update it.

Additional Information and Where to Find It

In connection with the merger and with the solicitation of proxies for the special meeting of stockholders (the “Special Meeting”), the Company intends to file with the Securities and Exchange Commission (“SEC”) a proxy statement of the Company (the “Proxy Statement”), and other relevant materials with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. A definitive Proxy Statement will be sent to the Company’s stockholders. Investors and security holders will be able to obtain the Proxy Statement free of charge from the SEC’s website or from the Company. The documents filed by the Company with the SEC may be obtained free of charge on the Company’s website at the Investor Relations section of http://ir.themeetgroup.com/CorporateProfile/ or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from the Company by requesting them from Investor Relations by mail at 100 Union Square Drive, New Hope, PA 18938, or by telephone at 215.862.1162. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

PARTICIPANTS IN THE SOLICITATION

The Company and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the Company’s directors and executive officers is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and in its proxy statement dated April 29, 2019, for its 2019 Annual Meeting of Stockholders. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC regarding the transaction when they become available. Investors should read the Proxy Statement carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the Company as indicated above.

The Meet Group
Investors:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Media ProSiebensat.1

Stefanie Rupp-Menedetter

Stefanie.Rupp@ProSiebenSat1.com

Phone: +49 [89] 95 07-2598

Media NuCom Group:

Dorothea Gugel
dorothea.gugel@nucom.group

Phone: +49 [89] 95 07-8741

General Atlantic
Mary Armstrong & Emily Japlon
media@generalatlantic.com

Source: The Meet Group, Inc.

The Meet Group Participates in Safer Internet Day, Hosts Public Dating Safety Webinar

The Meet Group Joins UN Global Partnership to End Violence Against Children

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, will team with safety experts and dating industry executives to recognize February 11th as “Safer Internet Day”. The Company will host a webinar focused on safety best practices and the future of safe dating, featuring Geoff Cook, Chief Executive Officer of The Meet Group.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200210005221/en/

The Meet Group Participates in Safer Internet Day, Hosts Public Dating Safety Webinar (Photo: Business Wire)

The Meet Group Participates in Safer Internet Day, Hosts Public Dating Safety Webinar (Photo: Business Wire)

Safer Internet Day, observed annually on the first Tuesday of February, was created in 2004 to raise awareness of emerging online issues – including cyberbullying, human trafficking, identity theft, and more.

The Meet Group remains committed to leading the industry in mobile and online safety, best practices, continuous improvement, and best-in-class safety updates for its family of apps. To underscore the Company’s commitment to safety, The Meet Group has over 500 paid individuals, more than half of it’s staff, dedicated to creating a safe environment for its millions of users.

Furthering its commitment to safety, The Meet Group recently became a member of The Global Partnership to End Violence Against Children as part of its ongoing dedication to safety. The Global Partnership is a collaboration between United Nations agencies, numerous governments, industries, advocates, and champions, all focused on making the world safe for children. By committing to end all forms of violence against children, and uniting the world behind a global movement to protect children, The Global Partnership hopes to secure a world in which every child grows up safe.

“The Meet Group has integrated safety into the design of their operations, making their platforms and applications safer for children,” said Dr. Howard Taylor, Executive Director of The UN Global Partnership to End Violence Against Children. “Because of that, we are thrilled to have The Meet Group join our network of 400 partners across the world.”

Safety Webinar Details:

Date:
Safer Internet Day, February 11, 2020
Time:2:30 p.m. EST
Topic: Collaborating Our Way to Safer Dating

Moderator:Mark Brooks, Founder, Internet Dating Excellence Association
Panelists:

  • Geoff Cook, Co-Founder and Chief Executive Officer of The Meet Group
  • Parry Aftab, Advisor to Nations, NGOs. Founder Cybersafety Group
  • Jens Kammerer, Founder and Chief Executive Officer of Jaumo
  • Christof Wittig, Founder and Chief Executive Officer of Hornet Networks

Details: 30 Minute Discussion Plus a Q&A Session with the Panel

Webinar Registration Link:http://bit.ly/SaferInternetDayWebinar

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investors:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

The Meet Group Joins WePROTECT Global Alliance to Improve User Safety Worldwide

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced its membership in the WePROTECTGlobal Alliance to End Child Sexual Exploitation Online.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200123005145/en/

“The Meet Group’s innovative contributions with the recently announced Project Artemis with Microsoft demonstrate its firm commitment to enhancing online safety,” said Ernie Allen, Chairman of WePROTECT. “We are excited to welcome The Meet Group as the newest member of the WePROTECT Global Alliance.”

The WePROTECT Global Alliance is an international organization with a mission to end child sexual exploitation online. Membership in the WePROTECT Global Alliance affords the opportunity for private industry and NGOs to foster further collaboration between government and law enforcement agencies.

“The Meet Group remains committed to providing an environment where our users can connect and interact safely, and we are pleased to join another international organization that shares our vision,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We are looking forward to working hand-in-hand with our peers, creating innovative solutions to ensure a safer online community for all.”

The Meet Group joins 22 other tech companies including Apple, Google, Microsoft, Facebook, Twitter, and Tencent as a member in the WePROTECT Global Alliance.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 we will work with our peers to create innovative solutions that ensure a safer online community as anticipated. 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,” “outlook,” “is likely,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, respectively. 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.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Collaborates with Microsoft on Technology to Detect Child Sex Predators

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today welcomed Microsoft’s announcement that it was sharing a new tool, created in collaboration with The Meet Group and others, to help better detect on-line behaviors aimed at child exploitation. The new algorithm-based technology helps to better detect, address and report online predators attempting to lure children for sexual purposes. More information on Microsoft’s announcement can be found here.

“Keeping children safe is a responsibility that we take incredibly seriously,” said Geoff Cook, Chief Executive Officer of The Meet Group. “While we prohibit minors from using our apps, the broader threat of child sex predators exists across the social landscape. We are pleased to have been invited to partner with one of the world’s most respected companies on this important issue. We believe this detection technology will prove beneficial in identifying and reducing child predatory behavior. Further, we commend Microsoft on its openness in broadly sharing this capability across the industry and we have already begun incorporating its safety algorithm into our platform.”

Courtney Gregoire, Chief Digital Safety Officer of Microsoft said, “At Microsoft, we embrace a multi-stakeholder model to combatting online child exploitation that includes survivors and their advocates, government, tech companies, and civil society working together. Today, we are excited to share a new technique – code name Project Artemis – developed in close collaboration with The Meet Group and others, that will help prevent the online grooming of children for sexual purposes. We invite other collaborators to embrace this technique, join the fight, and support continuous improvement.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investor:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Adds Industry Executive to Lead Video Platform as a Service (vPaaS) Business

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that Blake Barrett Kuhre has joined the Company as Senior Vice President of Corporate Development. In this new role, Kuhre will lead development for the Company’s vPaaS solutions business and general corporate development efforts, with responsibility for identifying and executing new partner opportunities to drive revenue and earnings growth. Additionally, he will contribute to expanding the Company’s video talent recruitment processes and will pursue industry opportunities to further strengthen the Company’s leadership position in social and dating safety.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200106005142/en/

The Meet Group, Inc. announced that Blake Barrett Kuhre has joined the Company as Senior Vice President of Corporate Development. (Photo: Business Wire)

The Meet Group, Inc. announced that Blake Barrett Kuhre has joined the Company as Senior Vice President of Corporate Development. (Photo: Business Wire)

“vPaaS is one of our most compelling growth initiatives and we believe that we are at the forefront of bringing live video to new partners across the mobile landscape,” said Geoff Cook, Chief Executive Officer of The Meet Group. “We are pleased to welcome Blake to our team. We expect his expertise in driving new revenue in live video will contribute to our objective of expanding our vPaaS business and realizing the next level of growth for The Meet Group.”

Kuhre joins The Meet Group having served as Head of Global Partnerships at LiveMe, a leading livestreaming platform, where his responsibilities included global strategic partnerships, corporate development and trust and safety management. Prior to working at LiveMe, Kuhre held various leadership roles including in Viewer Experience and Product Launch at Hulu and a decade of experience with On-Air Programming at The Walt Disney Company.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

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 we will identify and execute new partner opportunities that drive revenue and earnings growth, whether we will expand our video talent recruitment process, whether we will pursue industry opportunities to further strengthen our leadership position in social and dating safety as expected, whether we will bring live video to new partners across the mobile landscape as expected, whether we will expand our vPaaS business and realize the next level of growth for The Meet Group 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,” “outlook,” “is likely,” “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, 2018 filed with the SEC on March 8, 2019 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2019, June 30, 2019, and September 30, 2019 filed with the SEC on May 9, 2019, July 31, 2019, and November 8, 2019, respectively. 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.

Investor Contact:

Leslie Arena
larena@themeetgroup.com

267 714 6418

Media Contact:

Brandyn Bissinger
bbissinger@themeetgroup.com

267 446 7010

Source: The Meet Group, Inc.

The Meet Group Partners with East Trenton Center Food Bank to Help Others this Thanksgiving

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, is teaming up with the East Trenton Center Food Bank this holiday season by offering a special edition virtual gift on MeetMe, Skout and Tagged mobile apps.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191122005098/en/

The Meet Group Partners with East Trenton Center Food Bank to Help Others this Thanksgiving (Graphic: Business Wire)

The Meet Group Partners with East Trenton Center Food Bank to Help Others this Thanksgiving (Graphic: Business Wire)

The East Trenton Center serves more than a hundred families every week by providing bags of food to help people in need. This Thanksgiving, users of MeetMe, Skout and Tagged can purchase a custom food donation gift to help make the season a little brighter for those who need it the most.

“Food insecurity is a real issue for many families today. End Hunger NJ notes that 13% of New Jersey residents, or more than 1.1 million, face this epidemic,” said The Meet Group’s Senior Accounting Manager and Food Drive Coordinator, Leighanne Sadley. “Our entire staff at TMG has donated for years to help consistently fill the food pantry at the East Trenton Center and we’re excited to have our users participate from all around the world this year through our apps. America has a hunger problem and we all need to do our part to help.”

The Meet Group plans to make a donation for every East Trenton Center Food Bank gift sent in the apps up to an aggregate of $10,000 to the East Trenton Center Food Bank. The limited edition gift will be available from November 22nd through November 29th.

“The Meet Group’s donations over the last two years have been received with tears and celebration,” said Liz Leonard, East Trenton Center’s Director. “The company provided 13,500 items in 2018, which helped feed hundreds of people. My heart breaks for these families who have great need and when The Meet Group is so generous, I do not have to turn anyone away who is hungry.”

“The reality is that people are not just hungry at Thanksgiving or other holidays. They are hungry throughout the year,” said Dennis ONeill, Pastor of Calvary Baptist Church in Hopewell, New Jersey. “The additional funds from these donations will help the ETC serve their clients all year long. That means hundreds of kids in the East Trenton area won’t have to go to bed hungry every night and seniors won’t have to decide between buying food or needed medications. It doesn’t take much to have a significant impact on the lives of others who are in need. Some of the most transformative moments of my life have been seeing the grateful tears of parents who will be able to feed their kids because of the compassion of others.”

About The Meet Group

The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

Investor Contact:

Leslie Arena / larena@themeetgroup.com

(267) 714-6418

Media Contact:

Brandyn Bissinger / bbissinger@themeetgroup.com

(267) 446-7010

Source: The Meet Group, Inc.

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