NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery,
announced today that earlier this week it surpassed 1.1 million mobile
daily active users (DAU) for the first time ever.

“It’s fantastic to achieve another all-time high in mobile traffic,”
said Geoff Cook, CEO of MeetMe. “We have been successfully reengaging
our existing users while continuing to sign up more than 30,000 new
users a day on our mobile apps. Since January 1, we have averaged more
than 21 million user-to-user chats per day and set new single-day
records for chats sent. We are excited by the strength of our product
pipeline as we continue to build the preeminent mobile chat app for
connecting with new people.”

As announced last week, the company expects annual revenue to grow to
between $47 million and $53 million for the year and projects annual
adjusted EBITDA to grow to between $7 million and $10 million in 2015.

About MeetMe, Inc.

MeetMe®
is the leading social network for meeting new people in the US and the
public market leader for social discovery (NASDAQ: MEET). MeetMe makes
it easy to discover new people to chat with on mobile devices. With
approximately 80 percent of traffic coming from mobile and more than one
million total daily active users, MeetMe is fast becoming the social
gathering place for the mobile generation. The company is a leader in
mobile monetization with a diverse revenue model comprising advertising,
native advertising, virtual currency, and subscription. MeetMe apps are
available on iPhone, iPad, and Android in multiple languages, including
English, Spanish, Portuguese, French, Italian, German, Chinese
(Traditional and Simplified), Russian, Japanese, Dutch, Turkish and
Korean. For more information, please visit meetmecorp.com.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including whether DAU will increase in the future, whether we will
continue to reengage our users, the rate at which we will sign-up new
users in the future, the number of user-to-user chats we will achieve in
the future, whether we will continue to set records for chats sent, the
strength of our product pipeline, whether we will successfully build the
pre-eminent mobile chat app for connecting with new people, and whether
our 2015 annual revenue and adjusted EBITDA will grow as anticipated to
the respective amounts projected. All statements other than statements
of historical facts contained herein are forward-looking statements. The
words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “project,” “is
likely,” “expect” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual results
to differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013, the Prospectus Supplement (Rule 424(b)(5)) filed on
July 24, 2014,and the Current Report on Form 8-K filed on December 29,
2014. Any forward-looking statement made by us herein speaks only as of
the date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of
new information, future developments or otherwise, except as may be
required by law.

Press:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investors:
MKR
Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.