MeetMe Closes Public Offering of 9,200,000 Shares of Common Stock


MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced the closing of the public offering of
9,200,000 shares of its common stock at a public offering price of $5.00
per share, which includes the exercise in full by the underwriters of
their option to purchase up to 1,200,000 additional shares of common

Canaccord Genuity Inc. and Roth Capital Partners acted as
joint-book-running managers and Northland Securities, Inc. served as
co-manager. The Company’s counsel for the offering was Morgan, Lewis &
Bockius LLP and the underwriters’ counsel for the offering was Pillsbury
Winthrop Shaw Pittman LLP.

MeetMe intends to use the net proceeds from the offering for general
corporate purposes, including potentially to fund a portion of the
consideration for the pending if(we) acquisition, and other potential
future acquisitions.

The offering was made pursuant to effective shelf registration
statements previously filed with the Securities and Exchange Commission
(SEC). The offering was made by means of a prospectus supplement and
accompanying base prospectus filed with the SEC, copies of which may be
obtained by contacting Canaccord Genuity, Attention: Syndicate
Department, 99 High Street, 12th Floor, Boston, Massachusetts 02110, by
telephone at (617) 371-3900, or by email at

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.

About MeetMe, Inc.

Through its portfolio of brands, MeetMe (NASDAQ: MEET) is meeting the
universal need for human connection. Using innovative products and
sophisticated data science, MeetMe keeps its approximately two million
daily active users engaged and originates untold numbers of casual
chats, friendships, dates, and marriages. MeetMe offers advertisers the
opportunity to reach customers on a global scale with hundreds of
millions of daily mobile ad impressions. MeetMe utilizes high user
density, economies of scale, and leading monetization strategies to
maximize EBITDA. MeetMe’s apps are available on iPhone, iPad, and
Android in multiple languages worldwide. For more information, please

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, 2016 and the Prospectus
Supplement as filed on March 10, 2017. 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:
MKR Group Inc.
Todd Kehrli or Jim
(323) 468-2300

Source: MeetMe, Inc.