MeetMe Prices Public Offering of Common Stock


MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced the pricing of an underwritten public
offering of 8,000,000 shares of its common stock at a public offering
price of $5.00 per share. MeetMe has also granted the underwriters a
30-day option to purchase up to an additional 1,200,000 shares of common
stock to cover over allotments, if any. The offering is expected to
close on or about March 15, 2017, subject to customary closing

Canaccord Genuity Inc. and Roth Capital Partners are acting as
joint-book-running managers and Northland Securities, Inc. is serving as

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 is being made pursuant to effective shelf registration
statements previously filed with the Securities and Exchange Commission
(SEC). A preliminary prospectus supplement and accompanying base
prospectus describing the terms of the offering has been filed with the
SEC, and a final prospectus supplement and accompanying base prospectus
will be filed with the SEC. Before investing in MeetMe, you should read
the prospectus supplement and the accompanying prospectus, and other
documents that MeetMe has filed or will file with the SEC, for
information about MeetMe and this offering.

When available, copies of the final prospectus supplement and
accompanying prospectus relating to the offering 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 whether the offering will close as anticipated and 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

Source: MeetMe, Inc.