MeetMe Announces Exercise in Full of Underwriters’ Over-Allotment Option


MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that it has closed on the public offering of
an additional 750,000 shares of its common stock at an offering price of
$2.00 per share as a result of the exercise in full of the underwriters’
over-allotment option. The total gross proceeds of the offering,
including the exercise in full of the over-allotment option, were $11.5
million from the sale of a total of 5,750,000 common shares. MeetMe
estimates net proceeds from the offering to be approximately $10.5
million after deducting underwriting discounts and estimated offering
expenses. MeetMe intends to use the net proceeds from the proposed
offering for general working capital purposes.

JMP Securities acted as the sole book-running manager and Northland
Capital Markets and Janney Montgomery Scott LLC served as co-managers.

A final prospectus supplement and accompanying base prospectus relating
to the offering has been filed with and declared effective by the SEC.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities, nor shall there
be any sale of these securities, in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.

A copy of the prospectus supplement and accompanying prospectus relating
to the offering may be obtained by contacting JMP Securities LLC, 600
Montgomery Street, 10th Floor, San Francisco, California 94111,
Attention: Prospectus Department, (415) 835-8985. The final prospectus
supplement and accompanying prospectus is also available on the SEC’s
website at

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

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 the proposed use of proceeds. All statements other than
statements of historical facts contained herein, including statements
regarding the continued growth in our core platform, are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “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. 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, 2013 and the Preliminary
Prospectus Supplement (Rule 424(b)(2)) as filed on July 22, 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.

MKR Group Inc.
Todd Kehrli or Jim Byers
(323) 468-2300

Source: MeetMe, Inc.