MeetMe Sets Third Quarter 2015 Conference Call for November 3 at 10:30 a.m. Eastern Time

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that management will host a conference call
on Tuesday, November 3, 2015 at 10:30 a.m. ET to discuss details and
answer questions about the company’s financial results for the third
quarter ended September 30, 2015.

Financial results will be issued in a press release prior to the call,
which will be hosted by MeetMe’s Chief Executive Officer, Geoff Cook,
and Chief Financial Officer, David Clark.

What:

        MeetMe third quarter 2015 financial results conference call

When:

Tuesday, November 3rd at 10:30 a.m. Eastern Time (7:30
a.m. PT)

Dial In Number:

888-438-5448 (US and Canada)
719-457-2664 (International)
Participant passcode: 2164051

Webcast:

To access the live and replay webcast, please visit the investor
relations section of MeetMe’s investor website at http://www.meetmecorp.com/.

Call Replay:

A replay of the call will be available approximately two hours
following the end of the call through 8:00 p.m. ET on Tuesday,
November 10, 2015.

Replay Numbers:

888-203-1112 (US and Canada)
719-457-0820 (International)
Replay passcode: 2164051

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. MeetMe 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.

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Reports Preliminary Third Quarter 2015 Financial Results above Its Previously Released Guidance

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported preliminary financial results for its third
quarter ended September 30, 2015.

Preliminary Third Quarter 2015 Financial Results

  • Total revenue is expected to be approximately $14.2 million, an
    increase of approximately 22% from the third quarter of 2014, and
    above the Company’s previously released guidance range of $12.5
    million to $13 million for the third quarter of 2015.
  • Adjusted EBITDA is expected to be approximately $5.1 million, an
    increase of approximately 134% from the prior year third quarter and
    above the previously released guidance range of $2 million to $3
    million for the third quarter of 2015. Third quarter 2015 adjusted
    EBITDA will exclude approximately $5.8 million of an anticipated
    one-time write-off of Beanstock Media’s accounts receivable balance,
    which falls outside of the Company’s normal range of bad debt expense.

David Clark, Chief Financial Officer of MeetMe, added, “We believe our
quarterly revenue growth in excess of 20% year over year reflects
continued growth in mobile engagement and the effective management of
mobile advertising inventory. We significantly increased adjusted EBITDA
year over year largely as a result of mobile revenue growth and prudent
cost controls. During the quarter, we determined it was necessary to
write-off the accounts receivable owed by our previous outsourced
inventory management provider, Beanstock Media. This bad debt write-off
is a one-time event that falls well outside our normal range of bad debt
expense of less than 1% of revenue and should not impact our ability to
deliver substantial EBITDA margins going forward. Furthermore, we
successfully completed our transition to in-house management in the
second quarter at little or no additional cost, and since then have
continued to grow both revenue and adjusted EBITDA. We do intend to
vigorously pursue repayment of these amounts despite this write-off.”

Earnings Call and Webcast

MeetMe expects to report full third quarter results in early November.
Details for the earnings conference call and webcast will be provided in
a separate press release.

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. MeetMe 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.

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 expected revenue and expected
adjusted EBITDA, whether quarterly revenue growth reflects mobile
engagement growth and whether mobile engagement will continue to grow,
whether we will continue to manage mobile advertising inventory
effectively, whether mobile revenue will continue to grow, whether we
will implement prudent cost controls, whether the write-off of the
Beanstock receivable will impact our ability to deliver substantial
EBITDA margins going forward, whether the write-off is a one-time event
and whether we will deliver EBITDA margins as expected, whether we will
continue to grow both revenue and adjusted EBITDA, and whether we will
vigorously pursue repayment of the Beanstock receivable. 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, 2014 and the Current Report on Form 8-K
filed with the SEC on June 3, 2015. 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 Financial Measures

The Company uses financial measures which are not calculated and
presented in accordance with U.S. generally accepted accounting
principles (“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.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, income taxes, depreciation and amortization, and non-cash
stock-based compensation, non-recurring acquisition and restructuring
expenses, loss on cumulative foreign currency translation adjustment,
gain on sale of asset, and the goodwill impairment charges. The Company
excludes stock-based compensation because it is non-cash in nature.

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:
MKR Group Inc.
Todd Kehrli or Jim
Byers, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc

MeetMe Appoints Chief Technology Officer and Senior Vice President of Engineering

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced that it has added two software industry veterans to its
executive team. Jonah Harris has been named Chief Technology Officer and
Sandeep Chand has been named Senior Vice President of Engineering.

Harris most recently served as the Vice President of Architecture at
MeetMe and has been with the company since 2008. Harris brings deep
experience will all aspects of MeetMe’s architecture, as well as
particular strengths in leveraging data to improve the user experience.
Harris will report to Geoff Cook, MeetMe’s Chief Executive Officer, and
will work with Cook to create a long-term technical vision to support
MeetMe’s business objectives.

Chand, who has most recently served as Vice President of Engineering at
AWeber Systems, Inc., brings significant expertise managing all aspects
of the software development life cycle and aligning the company’s
technical assets to deliver its business goals. Chand will report to
Harris to foster a culture of rapid innovation, best engineering process
practices, and quality control.

“We believe MeetMe’s future depends on the quality of the connections we
facilitate for our users and our ability to glean actionable insights
from Big Data,” said Cook. “I am excited to work with Jonah to create
leading-edge discovery features and algorithms, as we build a
world-class technology team. I am likewise thrilled to welcome Sandeep
to the company. I believe his extensive industry experience and
leadership capacity will prove invaluable as we rapidly grow.”

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. MeetMe 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,
Android,
and Windows
Phone
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 statements regarding whether Mr. Harris will create a
long-term technical vision to support MeetMe’s business objectives,
whether Mr. Chand will foster a culture of rapid innovation, best
engineering process practices, and quality control, whether MeetMe’s
future depends on the quality of the connections we facilitate for our
users and our ability to glean actionable insights from Big Data,
whether we will create leading-edge discovery features and algorithms,
whether we will build a world-class technology team, whether Mr. Chand’s
experience and leadership capacity will prove invaluable, and whether
will be grow and if so at what pace. 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, 2014 and the Current Report on Form 8-K
filed with the SEC on June 3, 2015. 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.

MeetMe Announces Share Repurchase Program

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that its board of directors has authorized a
$1 million share repurchase program relating to its common stock. Shares
may be repurchased in the open market or through negotiated
transactions. The amount and timing of specific transactions are subject
to market conditions, applicable legal requirements and other factors
and may be suspended or discontinued at any time. The authorization does
not have a specified expiration date, but the company anticipates
completing the repurchases in the next six months. Share repurchases
will be funded with cash from operations.

“In 2014 we increased our adjusted EBITDA by 177 percent versus the
prior year, and our adjusted EBITDA for the first six months of this
year exceeded all of 2014 by approximately $1 million,” said David
Clark, MeetMe’s Chief Financial Officer. “Given our strong financial
performance, we believe now is an appropriate time to begin leveraging
our cash position to return value to our existing shareholders.”

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. MeetMe 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 statements regarding the anticipated amount and timing
of share repurchases, whether any such repurchases will occur, whether
shares will be repurchased in the open market or through negotiated
transactions, and whether adjusted EBITDA will increase in the future.
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, 2014, and the Current Report on Form 8-K filed on June 3,
2015. 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
Byers, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Completes Launch of Native Chat Ads and Video Interstitials

Combined Units Expected to Drive More Than $1 Million in Q4 Revenue

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
recently launched native chat ads in its iPhone app and video
interstitials in its Android app. The recent launches complete the
rollout of native chat ads and video interstitials, which the company
began earlier this summer in limited release, across its largest mobile
platforms.

“We expect native chat ads and video interstitials together to
contribute more than $1 million to Q4 revenue,” said Geoff Cook, CEO of
MeetMe. “We are presently enjoying strong pricing on the video
interstitials. We are also pleased to bring our native mobile ad unit to
our most popular feature – Chat.”

“In addition to these new ad units,” Cook continued, ”we have greatly
increased the targeting potential available to advertisers over the last
quarter by launching an expanded profile and interest tags. In addition
to these new advertising products, we remain on schedule to launch
dramatic improvements to our in-app purchasing products as well. By
year-end, we expect to launch a major revamp of our MeetMe+ subscription
service, as well as a new in-app-purchase product in our Chat section.”

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. MeetMe 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,
Android,
and Windows
Phone
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 native chat ads and video interstitials together
to contribute more than $1 million to Q4 revenue, whether we will
continue to enjoy strong pricing on video interstitials, whether we will
remain on schedule to launch dramatic improvements to our in-app
purchasing products, and whether we will launch a major revamp of our
MeetMe+ subscription service, as well as a new in-app-purchase product
in our Chat section, by year-end. 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 unanticipated events affect the functionality of our applications
with popular mobile operating systems. 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, 2014 and the Current Report on Form 8-K filed on June 3, 2015. 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.

MeetMe Expands User Profiles to Collect More Data and Improve Recommendations

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
expanded the user profiles in its Android and iPhone applications to
allow users to provide more details about themselves. This is an
important step before the company revamps its subscription service,
MeetMe+, planned for later this year. The revamp will enable paid
MeetMe+ subscribers to search for people and find better matches through
the additional profile information. New fields on the MeetMe user
profile include height, body type, ethnicity, and other demographic and
behavioral information.

“We believe the ability to search for potential chat partners using this
additional profile data will be an important driver of our revamped
MeetMe+ product,” said Geoff Cook, CEO of MeetMe. “This is just one of
the new benefits we plan on adding for MeetMe+ subscribers later this
year, and we believe the new features will help us reach our next-year
goal of tripling our subscriber base.”

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. MeetMe 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,
Android,
and Windows
Phone
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 the expanded profile fields will prove to be an
important first step before the launch of the revamped MeetMe+ services,
whether we will launch the revamped MeetMe+ service later this year as
anticipated, whether paid MeetMe+ subscribers will be able to search for
people using this additional profile information, whether searches using
the additional profile fields will result in better matches, whether the
ability to search for potential chat partners using the additional
profile data will be an important driver of our revamped MeetMe+
product, whether we will add additional new benefits for MeetMe+
subscribers later this year, and whether the new features will help us
to reach our goal of more than tripling our current number of MeetMe+
subscribers. 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 unanticipated events affect the functionality of our applications
with popular mobile operating systems. 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, 2014, the Quarterly Report on Form 10-Q for the quarter ended March
31, 2015, and the Current Report on Form 8-K filed on June 3, 2015. 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 contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Now Available in Amazon Appstore

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
made its industry-leading app available in the Amazon Appstore. The
MeetMe app can be downloaded from Amazon Appstore by Android phone and
tablet users.

“We are excited to make MeetMe available to the millions of people who
use the Amazon Appstore,” said Geoff Cook, CEO of MeetMe. “With this
additional download channel, MeetMe becomes even more accessible and, we
believe, will be able to help even more users find new people with whom
to chat and connect.”

About MeetMe, Inc.

MeetMe®
is the leading social network for meeting new people in the U.S. 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. MeetMe 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,
Android,
and Windows
Phone
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 MeetMe will become even more accessible and will
be able to help even more users find new people with whom to chat and
connect. 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 unanticipated events affect the functionality of our applications
with popular mobile operating systems. 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, 2014, the Quarterly Report on Form 10-Q for the quarter ended March
31, 2015, and the Current Report on Form 8-K filed on June 3, 2015. 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 contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe to Present at the Canaccord Annual Growth Conference in Boston on August 13, 2015

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced that the company will be presenting at the Canaccord Genuity 35th
Annual Growth Conference being held at The InterContinental Hotel in
Boston on August 12-13, 2015. The company will be giving its
presentation on Thursday, August 13, 2015, at 2:00 p.m. Eastern time.

The presentation by MeetMe CEO Geoff Cook and CFO David Clark will be
webcast live at http://wsw.com/webcast/canaccord18/meet
and will be available through a link on the Investor Relations section
of the company’s website, meetmecorp.com,
following the presentation.

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, Android and Windows Phone 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.

MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Reports Second Quarter 2015 Financial Results

Mobile Revenue Increased 47% Year Over Year

Adjusted EBITDA Increased 288% Year Over Year

Adjusted EBITDA Margin of 26%

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported financial results for its second quarter ended
June 30, 2015.

Second Quarter 2015 Financial Highlights

  • Mobile revenue was $8.3 million, up 47% from the second quarter of
    2014.
  • Mobile revenue represented 75% of total revenue, the highest in
    MeetMe’s history.
  • Total revenue was $11.1 million, up 4% from the second quarter of 2014.
  • Adjusted EBITDA was $2.9 million or a 26% margin, an increase of 288%
    year over year. (See the important discussion about the presentation
    of non-GAAP financial measures, and reconciliation to the most direct
    comparable GAAP financial measure, below.)
  • Net income was $1.2 million compared to a net loss of $1.4 million for
    the second quarter of 2014.
  • Cash and Cash Equivalents totaled $16.2 million at June 30, 2015.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “Mobile
engagement continued to grow during the second quarter, with our mobile
daily active users increasing 26% year over year and our total mobile
monthly users increasing 42% year over year. We also achieved multiple
milestones during the quarter, including surpassing 25 million chats in
a single day, up more than 100% from a year ago, and reaching 20 million
installs of our flagship Android app. Additionally, we saw increased
international growth, with approximately 20,000 new international users
joining every day during the quarter, up more than 100% versus a year
ago.

During the quarter, we successfully transitioned our mobile advertising
inventory management to an in-house solution and have benefited from
this change with much stronger click-through-rates and increased mobile
revenue. From July 1 through July 26, our click-through-rate (CTR)
increased 62% over the average in April, the month in which we began
making mobile ad logic changes. During the same period our daily mobile
app ad revenue increased 50%. By optimizing for the performance of our
mobile advertising, we believe we have substantially increased the
overall value of our inventory.”

David Clark, Chief Financial Officer of MeetMe, added, “With continued
growth in mobile engagement, our mobile revenue during the quarter
increased 47% on a year-over-year basis. Mobile revenue represented 75%
of our total quarterly revenue, the highest percentage in our history
and up from 53% in the year ago quarter. We also significantly increased
adjusted EBITDA on a year-over-year basis to $2.9 million, resulting in
a 26% adjusted EBITDA margin.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss second
quarter 2015 financial results today, July 30, 2015 at 10:30 a.m.
Eastern time. To access the call dial 877-419-6591 (+1 719-325-4755
outside the United States) and when prompted provide the participant
passcode 9080523 to the operator. In addition, a webcast of the
conference call will be available live on the Investor Relations section
of the Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

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. MeetMe 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.

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 continue to benefit from transitioning
our mobile advertising to an in-house solution, whether CPMs and
click-through-rates will continue to strengthen, whether our CTR and
daily mobile app revenue will continue to increase, whether mobile
revenue will continue to increase, whether reducing lower quality ad
units and running more higher-performing ones increase, or will continue
to increase, the overall value of our ad inventory. 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, 2014 and the Current Report on Form 8-K
filed with the SEC on June 3, 2015. 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 Financial Measures

The Company uses financial measures which are not calculated and
presented in accordance with U.S. generally accepted accounting
principles (“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.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, income taxes, depreciation and amortization, and non-cash
stock-based compensation, non-recurring acquisition and restructuring
expenses, loss on cumulative foreign currency translation adjustment,
gain on sale of asset, and the goodwill impairment charges. The Company
excludes stock-based compensation because it is non-cash in nature.

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.

MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
 
(Unaudited)
June 30, 2015 December 31, 2014
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 16,191,072 $ 17,041,050

Accounts receivable, net of allowance of $368,000 and
$586,000,
at June 30, 2015 and December 31, 2014, respectively

11,106,887 9,045,269
Prepaid expenses and other current assets   967,098     790,031  
Total current assets   28,265,057     26,876,350  
 
Goodwill 70,646,036 70,646,036
Property and equipment, net 2,722,770 2,458,897
Intangible assets, net 2,035,998 2,894,330
Other assets   314,068     338,146  
TOTAL ASSETS $ 103,983,929   $ 103,213,759  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,679,353 $ 2,985,259
Accrued liabilities 2,730,300 3,249,404
Current portion of capital lease obligations 540,235 872,761
Current portion of long-term debt 1,733,446 2,068,326
Deferred revenue   214,710     218,484  
Total current liabilities   6,898,044     9,394,234  
 
Long-term capital lease obligation, less current portion, net 372,892 587,416
Long-term debt, less current portion, net 556,612
Other liabilities   457,850     418,530  
TOTAL LIABILITIES $ 7,728,786   $ 10,956,792  
 
STOCKHOLDERS’ EQUITY:

Preferred stock, $.001 par value, authorized – 5,000,000 Shares;
Convertible
Preferred Stock Series A-1, $.001 par value;
authorized –
1,000,000 shares; 1,000,000 shares issued and
outstanding at
June 30, 2015 and December 31, 2014

$ 1,000 $ 1,000

Common stock, $.001 par value; authorized – 100,000,000 Shares;
45,462,637
and 44,910,034 issued and outstanding at June 30, 2015
and
December 31, 2014

45,466 44,914
Additional paid-in capital 298,348,932 297,001,168
Accumulated deficit (202,140,255 ) (204,072,240 )
Accumulated other comprehensive loss       (717,875 )
TOTAL STOCKHOLDERS’ EQUITY   96,255,143     92,256,967  
 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 103,983,929   $ 103,213,759  
 
MEETME, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
     
 
For the Three Months Ended June 30, For the Six Months Ended June 30,
  2015     2014     2015     2014  
 
Revenues $ 11,086,878   $ 10,687,330   $ 22,715,854   $ 20,190,834  
 
Operating Costs and Expenses:
Sales and marketing 1,094,068 1,935,678 2,309,388 4,094,766
Product development and content 6,083,455 6,855,739 12,403,259 13,713,179
General and administrative 1,774,991 2,194,138 3,394,895 4,123,783
Depreciation and amortization 801,260 1,079,932 1,617,175 2,165,391
Restructuring costs               120,202  
Total Operating Costs and Expenses   9,753,774     12,065,487     19,724,717     24,217,321  
 
Income (Loss) from Operations   1,333,104     (1,378,157 )   2,991,137     (4,026,487 )
 
Other Income (Expense):
Interest income 5,244 549 10,430 1,715
Interest expense (122,989 ) (241,643 ) (281,855 ) (661,886 )
Change in warrant liability 56,408 181,493 (39,320 ) (174,461 )
Gain (loss) on cumulative foreign currency translation adjustment 11,614 (783,090 )
Gain on sale of asset           163,333      
Total Other Income (Expense)   (49,723 )   (59,601 )   (930,502 )   (834,632 )
 
Income (loss) before Income Taxes 1,283,381 (1,437,758 ) 2,060,635 (4,861,119 )
Income taxes   (73,450 )       (128,650 )    
Net Income (Loss) $ 1,209,931   $ (1,437,758 ) $ 1,931,985   $ (4,861,119 )
Preferred stock dividends                
Net Income (Loss) Allocable to Common Stockholders $ 1,209,931   $ (1,437,758 ) $ 1,931,985   $ (4,861,119 )
 
Basic and diluted income (loss) per common stockholders:
Basic income (loss) per common stockholders $ 0.03   $ (0.04 ) $ 0.04   $ (0.13 )
Diluted income (loss) per common stockholders $ 0.02   $ (0.04 ) $ 0.04   $ (0.13 )
 
Weighted average shares outstanding:
Basic   45,191,563     38,798,706     45,051,576     38,649,766  
Diluted   49,022,622     38,798,706     48,625,068     38,649,766  
 
Net Income (Loss) $ 1,209,931 $ (1,437,758 ) $ 1,931,985 $ (4,861,119 )
Foreign currency translation adjustment       12,573         40,274  
Comprehensive Income (Loss) $ 1,209,931   $ (1,425,185 ) $ 1,931,985   $ (4,820,845 )
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) ALLOCABLE TO COMMON
STOCKHOLDERS TO ADJUSTED EBITDA
(UNAUDITED)
     
For the Three Months Ended June 30, For the Six Months Ended June 30,
  2015     2014     2015     2014  
 
Net Income (Loss) Allocable to Common Stockholders $ 1,209,931   $ (1,437,758 ) $ 1,931,985   $ (4,861,119 )
 
Interest expense 122,989 241,643 281,855 661,886
Depreciation and amortization 801,260 1,079,932 1,617,175 2,165,391
Stock-based compensation expense 733,051 1,038,101 1,348,316 1,979,388
Change in warrant liability (56,408 ) (181,493 ) 39,320 174,461
Income taxes 73,450 128,650
Acquisition and restructuring costs 120,202
(Gain) loss on cumulative foreign currency translation adjustment (11,614 ) 783,090
Gain on sale of asset           (163,333 )    
Adjusted EBITDA $ 2,872,659   $ 740,425   $ 5,967,058   $ 240,209  
 
 
GAAP basic net income (loss) per common stockholders $ 0.03   $ (0.04 ) $ 0.04   $ (0.13 )
GAAP diluted net income (loss) per common stockholders $ 0.02   $ (0.04 ) $ 0.04   $ (0.13 )
Basic adjusted EBITDA per common stockholders $ 0.06   $ 0.02   $ 0.13   $ 0.01  
Diluted adjusted EBITDA per common stockholders $ 0.06   $ 0.02   $ 0.12   $ 0.01  
 
Weighted average number of shares outstanding, Basic   45,191,563     38,798,706     45,051,576     38,649,766  
Weighted average number of shares outstanding, Diluted   49,022,622     38,798,706     48,625,068     38,649,766  

Investor Contact:
MKR Group Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Sets Second Quarter 2015 Conference Call for July 30 at 10:30 a.m. Eastern Time

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that management will host a conference call
on Thursday, July 30, 2015 at 10:30 a.m. ET to discuss details and
answer questions about the company’s financial results for the second
quarter ended June 30, 2015.

Financial results will be issued in a press release prior to the call,
which will be hosted by MeetMe’s Chief Executive Officer, Geoff Cook,
and Chief Financial Officer, David Clark.

     

What:

MeetMe second quarter 2015 financial results conference call
 

When:

Thursday, July 30th at 10:30 a.m. Eastern Time (7:30 a.m.
PT)
 

Dial In Number:

877-419-6591 (US and Canada)
719-325-4755 (International)
Participant passcode: 9080523
 

Webcast:

To access the live and replay webcast, please visit the investor
relations section of MeetMe’s investor website at http://www.meetmecorp.com/.

 

Call Replay:

A replay of the call will be available approximately two hours
following the end of the call through 8:00 p.m. ET on Thursday,
August 6, 2015.
 

Replay Numbers:

888-203-1112 (US and Canada)
719-457-0820 (International)
Replay passcode: 9080523
 

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. MeetMe 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.

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Surpasses 20 Million Downloads on Google Play

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
surpassed 20 million total MeetMe app downloads from the Google Play
Store. The new milestone comes on the heels of several recent
accomplishments and developments this year, including record days for
mobile active users and chat message volume, a redesigned profile and
icon, and the addition of interest tags to help improve chat partner
recommendations over time.

“Passing 20 million downloads on Google Play is a testament to the
team’s hard work to make MeetMe the best place to meet new people
everywhere,” said Geoff Cook, CEO of MeetMe. “We are thrilled that in
recent months over half of our new downloads on Android are
international, and we look forward to more growth, both in the US and
internationally, as we continue to enhance the application to make more,
high quality matches.”

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. MeetMe 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, Android and Windows Phone 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 future downloads of our MeetMe app from the Google Play
Store, future levels of daily mobile active users and chat volume,
whether interest tags will help improve chat partner recommendations,
the percentage of all downloads on Android that international downloads
will constitute, whether we will grow, both in the United States and
internationally, and whether we will enhance the application to make
more, high quality matches. 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 we are not able to collect our overdue amounts from Beanstock Media
Inc. easily or otherwise as anticipated, the risk that our transition of
managing our advertising inventory in-house will not continue
successfully as anticipated, our expectations for revenue and adjusted
EBITDA will not be met, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
and events could adversely affect usage of our 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, 2014, the Quarterly Report on Form 10-Q for
the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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.

MeetMe Announces Improved Second Quarter 2015 Guidance

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, today
announced it increased its revenue and adjusted EBITDA guidance for its
second quarter ending June 30, 2015 based on progress it has made in
successfully transitioning management of its advertising inventory
in-house earlier this month.

Geoff Cook, Chief Executive Officer of MeetMe, stated, “Since resuming
management of our advertising inventory, we have experienced stronger
rates than we originally anticipated. Our daily mobile app advertising
revenue in the first three weeks of June has increased 23% versus the
May average, and in the seven days ending June 21st, we have experienced
53% higher daily mobile app advertising revenue than the May average. We
continue to enhance and improve our current ad inventory and look
forward to testing full-screen mobile video ad units in July.”

David Clark, Chief Financial Officer of MeetMe, added, “We now expect
second quarter revenue to be between $10.5 million and $10.7 million,
above our previously revised guidance of $9.0 million to $9.5 million.
Adjusted EBITDA for the second quarter is expected to be between $1.5
million and $2.0 million, compared to our previously provided revised
guidance of adjusted EBITDA in the range of $250,000 to $750,000. All
guidance amounts are subject to change based on our determination of the
collectability of all amounts owed to us by Beanstock Media, Inc.
Beanstock represents approximately $5.8 million in accounts receivable,
of which approximately $2.25 million is overdue. We believe none of
these amounts is in dispute.”

MeetMe expects to announce full second quarter 2015 results in early
August at which point it expects to also furnish additional revenue and
profitability related metrics and updated annual guidance for 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, Android and Windows Phone 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.

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, whether our EBITDA will continue to grow, whether we will continue
to experience stronger rates than originally anticipated, whether our
mobile app advertising revenue will continue to increase and if so at
what rates, whether we will continue to enhance and improve our current
ad inventory, whether we will test full-screen mobile video ad units in
July, whether our second quarter revenue and adjusted EBITDA will meet
expected results, whether and what amount of overdue accounts receivable
we will be able to collect from Beanstock Media, Inc., and the timing of
such collection. 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 we are not able to collect our overdue amounts from Beanstock Media
Inc. easily or otherwise as anticipated, the risk that our transition of
managing our advertising inventory in-house will not continue
successfully as anticipated, our expectations for revenue and adjusted
EBITDA will not be met, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
and events could adversely affect usage of our 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, 2014, the Quarterly Report on Form 10-Q for
the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Completes Transition of Mobile Ad Inventory Management

Mobile Ad Rates On Par with Previous Solution

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
completed the transition to managing its mobile advertising inventory
in-house after terminating its ad management relationship with Beanstock
Media, Inc. on June 2 of this year. In recent days, MeetMe has realized
rates on most ad placements approximating those under the Beanstock
agreement.

Geoff Cook, Chief Executive Officer of MeetMe, said:

“We completed the transition of our advertising inventory to our
internal solution ahead of schedule. Just one week after taking over, we
have seen our daily mobile advertising revenue on some days surpass our
average in May, our last full month with Beanstock. Between June 5th
and June 8th our average daily mobile advertising revenue was
on par with our May average. We plan to take full advantage of the
flexibility we now have with respect to our mobile ad inventory, with a
number of enhancements to different ad units planned to go live over the
coming weeks.”

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, Android and Windows Phone 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.

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 future ad rates, including whether our average daily
mobile revenue will approximate, equal or surpass our past averages (in
May and otherwise) under the Beanstock agreement, and whether we will
take full advantage of the flexibility we now have with respect to our
mobile ad inventory and add a number of enhancements to different ad
units as anticipated over the coming weeks. 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, 2014, the Quarterly Report on Form 10-Q
for the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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.

MeetMe Unveils New App Icon

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
debuted its new MeetMe app icon on Android, iPhone, and Windows Phone.
Since the update went live on Android on May 26th, average
daily Android organic registrations have increased approximately 20%
compared to the May average prior to the change. The new icon is the
first change to the icon in three years.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150608005455/en/

“We are excited to see the increase in Android organic registrations
since introducing our new icon,” said Geoff Cook, CEO of MeetMe. “We
have received a lot of positive feedback from members and believe the
new icon makes MeetMe stand out more to prospective members and clearly
communicates that we are the best app to find new people to chat with.”

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, Android and Windows Phone 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 Android organic registrations will continue to
increase and if so at what rate, and whether the new icon will MeetMe
stand out more to prospective members and clearly communicate that we
are the best app to find new people to chat with. 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, 2014, the Quarterly Report on Form 10-Q
for the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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.

MeetMe Launches App on Windows Phone Store

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), a public market leader for social discovery, has
released its MeetMe app in the Windows Phone Store. This new version of
the MeetMe app offers Windows Phone users a smoother, more seamless
experience than opening a mobile browser to use the MeetMe mobile
website. The app has real-time chat and the same easy-to-use navigation
of the Android and iPhone apps, adding a major benefit to MeetMe users
on Windows Phone.

“We are excited to bring the MeetMe app to Windows Phone users,” said
Geoff Cook, CEO of MeetMe. “Before we launched the Windows app,
approximately 10% of all mobile web sessions came from Windows Phone.
With the app now available, we expect our number of Windows Phone users
to increase, especially as we continue to grow in the United States,
India, and Brazil, which are some of Windows Phone Store’s larger
markets.”

In addition to the app, MeetMe plans to release an improved mobile web
experience for Windows Phone in the coming weeks.

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, Android and Windows Phone 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 the Windows Phone app will allow for a smoother,
more seamless experience than opening a mobile browser to use the MeetMe
mobile website, whether the number of our Windows Phone users will
increase, whether we will continue to grow in the United States, India
and Brazil, and whether we will release an improved mobile web
experience for Windows Phone 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,” “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, 2014, the Quarterly Report on Form 10-Q
for the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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.

MeetMe Launches Chat Suggestions Feature on iPhone and Android

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
launched a new feature called Chat Suggestions in the MeetMe app on both
iPhone and Android. Chat Suggestions is a module located at the top of
the Chat tab that recommends new people to chat with based on a number
of attributes that may signal relevance and compatibility. The feature
is intended to help users locate someone willing to chat now, while at
the same time channeling more chats to certain users, including new
users and users who purchase in-app products.

“Since our May 22 release of Chat Suggestions, we have set a new
single-day record for the number of mobile users (1.125 million) and
seen our top three days ever for the new chat conversations started,”
said Geoff Cook, CEO of MeetMe. “We are excited by the strength of our
product pipeline as we continue to build the pre-eminent mobile chat app
for connecting with new people.”

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 Chat Suggestions will help users locate someone
willing to chat now, while at the same time channeling more chats to
certain users, including new users and users who purchase in-app
products, whether and by how much the number of mobile users will
continue to grow, whether and by how much the number of new chat
conversations started will continue to grow, the strength of our product
pipeline, and whether we will we continue to build the pre-eminent
mobile chat app for connecting with new people. 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, 2014, the Quarterly Report on Form 10-Q
for the quarter ended March 31, 2015, and the Current Report on Form 8-K
filed on June 3, 2015. 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 contact:
Fresh PR
Jeannine Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

MKR Group Inc.
Todd Kehrli, 323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Resumes Management of its Mobile and Web Ad Inventory

Terminates Advertising Agreements with Beanstock Media

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that it has terminated its agreements with
Beanstock Media, Inc. pursuant to which Beanstock managed the majority
of MeetMe’s web and mobile ad inventory. Effective yesterday, MeetMe has
resumed managing its advertising inventory in-house.

Geoff Cook, Chief Executive Officer of MeetMe, said:

“In the past two years, we have outsourced our ad management to
Beanstock and another partner to reduce the impact of seasonal trends in
the advertising market. During that time, we maintained the capability
and staff to manage our inventory internally in case we decided to do so
again. We have resumed that management and are confident that we will
continue to monetize and capitalize on the growth in engagement we have
seen on our mobile platform.”

David Clark, Chief Financial Officer of MeetMe, added:

“We do not expect to incur any additional operating costs as a result of
this change and continue to expect to achieve our previously provided
revenue guidance for the full year 2015 of $47 to $53
million. Additionally, we expect to achieve adjusted EBITDA within our
previous guidance range of $8 to $11 million for the full year. However,
due to the transition back to our own internal management of our mobile
and web advertising inventory during the quarter, we are revising our
second quarter revenue and adjusted EBITDA guidance to reflect this
change. We now expect revenue for the second quarter to be in the range
of $9.0 to $9.5 million, with an adjusted EBITDA range of $250,000 to
$750,000. All guidance amounts are subject to change based on our
determination of the collectability of all amounts owed by Beanstock.
Beanstock represents approximately $5.8 million in accounts receivable,
of which approximately $2.25 million is overdue. None of these amounts
is in dispute.”

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. MeetMe 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.

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 continue to monetize and capitalize on
the growth in engagement we have seen on our mobile platform, whether we
will incur any additional operating costs as a result of the termination
of our agreements with Beanstock, whether we will achieve our previously
provided revenue guidance for the full year 2015 of $47 to $53 million,
whether we will achieve EBITDA within our original guidance range of $8
to $11 million for the full year, whether our revenue for the second
quarter to be in the range of $9.0 to $9.5 million, with an adjusted
EBITDA range of $250,000 to $750,000, and whether guidance amounts will
change based on our determination of the collectability of all amounts
owed by Beanstock. 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, 2014 and our Quarterly Report on Form 10-Q for the quarter
ended March 31, 2015. 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:
MKR Group Inc.
Todd Kehrli or Jim Byers,
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Adds Interest Tags to User Profiles

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
enabled users to add interests to their Profiles. With the recent
launch, users are able to select from a wide range of “Tags” to show how
they define themselves. Tags include interests, hobbies, personality
traits, life stages, and other elements to help users identify affinity
that goes deeper than age, gender, and location. Tags are featured
prominently on the Chat and Profile screens, so that users can easily
recognize when they have Tags in common and start a conversation about
their shared interests.

“We are excited to see the impact Tags will have on how MeetMe members
use the application, and the value they receive from it,” said Geoff
Cook, CEO of MeetMe. “We believe Tags will enable MeetMe to make higher
quality recommendations in the future, and we hope the new feature will
lead to more and longer conversations on MeetMe.”

Tags are currently available in MeetMe’s Android and iPhone applications.

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 Tags will help users easily identify Tags in
common and start a new conversation, the impact of Tags on how users use
the application and the value they receive from it, whether Tags will
enable MeetMe to make higher quality recommendations, and whether Tags
will lead to more and longer conversations on MeetMe. 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, 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.

MeetMe Reports First Quarter 2015 Financial Results

Mobile Revenue Increased 76% Year Over Year

Adjusted EBITDA Increased To $3.1 Million, Compared to a Loss of
$500,000 a Year Ago

Achieved Record Adjusted EBITDA Margin of 27%

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported financial results for its first quarter ended
March 31, 2015.

First Quarter 2015 Financial Highlights

  • Total revenue was $11.6 million, up 22% from the first quarter of 2014.
  • Mobile revenue was $8.2 million, up 76% from the first quarter of 2014.
  • Mobile revenue represented 71% of total revenue, the highest in
    MeetMe’s history.
  • Adjusted EBITDA was $3.1 million or a 27% margin, compared to a loss
    of $500,000 in the first quarter of 2014. (See the important
    discussion about the presentation of non-GAAP financial measures, and
    reconciliation to the most direct comparable GAAP financial measure,
    below.)
  • Net income was $722,000 compared to a net loss of $3.4 million for the
    first quarter of 2014.
  • Cash and Cash Equivalents totaled $14.8 million at March 31, 2015.

Geoff Cook, Chief Executive Officer of MeetMe, said:

“During the quarter we achieved the highest sequential mobile traffic
growth we’ve experienced in more than two years, and exceeded an average
of one million mobile daily users for the first time in company history.
On a sequential basis, mobile daily users increased 12% and mobile
monthly users increased 15% in the first quarter, and year over year,
mobile daily users increased 33% and mobile monthly users grew 44%. We
believe this significant growth in traffic reflects our success in
growing Chat engagement. Last October, we first achieved the milestone
of 20 million chats in a single day. Since then, we have reached that
milestone three times in November, seven times in December, and 83 out
of the 90 days in the first quarter, illustrating our momentum in the
quarter. We have a deep product pipeline planned focused on improving
the quality and relevance of the connections we facilitate, as well as
on enhancing our freemium and subscription offerings.”

David Clark, Chief Financial Officer of MeetMe, added:

“With continued growth in engagement, we are seeing solid financial
results. We grew total revenue during the quarter 22% on a year over
year basis to $11.6 million. Mobile revenue comprised 71% of our total
revenue for the quarter, the highest contribution in our history, and up
from 49% a year ago. We also increased adjusted EBITDA significantly on
a year-on-year basis to $3.1 million, resulting in a record 27% adjusted
EBITDA margin.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss first
quarter 2015 financial results today, May 7, 2015 at 10:30 a.m. Eastern
time. To access the call dial 888-401-4668 (+1 719-457-2697 outside the
United States) and when prompted provide the participant passcode
8683228 to the operator. In addition, a webcast of the conference call
will be available live on the Investor Relations section of the
Company’s website at www.meetmecorp.com
and a replay of the webcast will be available for 90 days.

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. MeetMe 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.

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 our total revenue will continue to grow, whether
our mobile revenue will continue to grow and continue to constitute an
increasing percentage of our total revenue, whether our mobile ARPU and
ARPDAU will continue to grow, whether our EBITDA will continue to grow,
whether net income will continue to be positive and grow, the growth of
sequential mobile traffic and whether that growth reflects our success
in growing Chat engagement, whether our Chat volumes will continue to
increase and if so at what rate, whether we will continue to meet the
milestone of 20 million chats in a single day, our ability to execute
against our product pipeline and the ability of our product pipeline to
improve the quality and relevance of the connections we facilitate and
enhance our freemium and subscription offerings, our ability to produce
solid financial results, and whether engagement will continue to grow
and if so at what rate. 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, 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.

Regulation G – Non-GAAP Financial Measures

The Company uses financial measures which are not calculated and
presented in accordance with U.S. generally accepted accounting
principles (“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.

The Company defines Adjusted EBITDA as earnings (or loss) from
continuing operations before interest expense, change in warrant
liability, income taxes, depreciation and amortization, and non-cash
stock-based compensation, non-recurring acquisition and restructuring
expenses, loss on cumulative foreign currency translation adjustment,
gain on sale of asset, and the goodwill impairment charges. The Company
excludes stock-based compensation because it is non-cash in nature.

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.

 

MEETME, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

       
(Unaudited)
March 31, 2015

December 31, 2014

ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 14,835,822 $ 17,041,050

Accounts receivable, net of allowance of $324,000 and $586,000, at
March 31, 2015 and December 31, 2014, respectively

10,741,066 9,045,269

Prepaid expenses and other current assets

  1,051,909     790,031  
Total current assets   26,628,797     26,876,350  
 
Goodwill 70,646,036 70,646,036
Property and equipment, net 2,693,164 2,458,897
Intangible assets, net 2,414,747 2,894,330
Other assets   313,445     338,146  

TOTAL ASSETS

$ 102,696,189   $ 103,213,759  
 

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accounts payable $ 1,845,433 $ 2,985,259
Accrued liabilities 2,417,242 3,249,404
Current portion of capital lease obligations 708,426 872,761
Current portion of long-term debt 2,125,897 2,068,326
Deferred revenue   230,337     218,484  
Total current liabilities   7,327,335     9,394,234  
 
Long-term capital lease obligation, less current portion, net 475,758 587,416
Long-term debt, less current portion, net 66,677 556,612
Other liabilities   514,258     418,530  
TOTAL LIABILITIES $ 8,384,028   $ 10,956,792  
 
STOCKHOLDERS’ EQUITY:
Preferred stock, $.001 par value, authorized – 5,000,000 Shares;
Convertible Preferred Stock Series A-1, $.001 par value; authorized
– 1,000,000 shares; 1,000,000 shares issued and outstanding at March
31, 2015 and December 31, 2014
$ 1,000 $ 1,000
Common stock, $.001 par value; authorized – 100,000,000 Shares;
44,910,034 issued and outstanding at March 31, 2015 and December 31,
2014
44,914 44,914
Additional paid-in capital 297,616,433 297,001,168
Accumulated deficit (203,350,186 ) (204,072,240 )
Accumulated other comprehensive income (loss)       (717,875 )
TOTAL STOCKHOLDERS’ EQUITY   94,312,161     92,256,967  
 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 102,696,189   $ 103,213,759  
 
 
MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS)
THREE MONTHS ENDED MARCH 31, 2015 AND 2014
(UNAUDITED)
       
Three Months Ended March 31,
2015

2014

 
Revenues $ 11,628,976   $ 9,503,504  
 
Operating Costs and Expenses:
Sales and marketing 1,215,320 2,159,088
Product development and content 6,319,804 6,857,440
General and administrative 1,619,904 1,929,645
Depreciation and amortization 815,915 1,085,459
Restructuring costs       120,202  
Total Operating Costs and Expenses   9,970,943     12,151,834  
 
Income (Loss) from Operations   1,658,033     (2,648,330 )
 
Other Income (Expense):
Interest income 5,186 1,166
Interest expense (158,866 ) (420,243 )
Change in warrant liability (95,728 ) (355,954 )
Loss on cumulative foreign currency translation adjustment (794,704 )
Gain on sale of asset   163,333      
Total Other Income (Expense)   (880,779 )   (775,031 )
 
Income (loss) before Income Taxes 777,254 (3,423,361 )
Income taxes   (55,200 )    
Net Income (Loss) $ 722,054   $ (3,423,361 )
Preferred stock dividends        
Net Income (Loss) Allocable to Common Stockholders $ 722,054   $ (3,423,361 )
 
Basic and diluted net income (loss) per common stockholders:
Basic net income (loss) per common stockholders $ 0.02   $ (0.09 )
Diluted net income (loss) per common stockholders $ 0.01   $ (0.09 )
 
Weighted average shares outstanding, basic   44,910,034     38,499,171  
Weighted average shares outstanding, diluted   48,246,763     38,499,171  
 
Net Income (Loss) $ 722,054 $ (3,423,361 )
Foreign currency translation adjustment       27,701  
Comprehensive Income (Loss) $ 722,054   $ (3,395,660 )
 
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) ALLOCABLE TO COMMON
STOCKHOLDERS TO ADJUSTED EBITDA
THREE MONTHS ENDED MARCH 31, 2015 AND 2014
(UNAUDITED)
       
Three Months Ended March 31,
2015 2014
 
Net Income (Loss) Allocable to Common Stockholders $ 722,054   $ (3,423,361 )
 
Interest expense 158,866 420,243
Depreciation and amortization 815,915 1,085,459
Stock-based compensation expense 615,265 941,287
Change in warrant liability 95,728 355,954
Income Tax 55,200
Acquisition and restructuring costs 120,202
Loss on cumulative foreign currency translation adjustment 794,704
Gain on sale of asset   (163,333 )    
Adjusted EBITDA $ 3,094,399   $ (500,216 )
 
 
GAAP basic net income (loss) per common stockholders $ 0.02   $ (0.09 )
GAAP diluted net income (loss) per common stockholders $ 0.01   $ (0.09 )
Basic adjusted EBITDA per common stockholders $ 0.07   $ (0.01 )
Diluted adjusted EBITDA per common stockholders $ 0.06   $ (0.01 )
 
Weighted average number of shares outstanding, Basic   44,910,034     38,499,171  
Weighted average number of shares outstanding, Diluted   48,246,763     38,499,171  
 

MKR Group Inc.
Todd Kehrli or Jim Byers
323-468-2300
meet@mkr-group.com

Source: MKR Group Inc.

MeetMe Sets First Quarter 2015 Conference Call for May 7 at 10:30 a.m. Eastern Time

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that management will host a conference call
on Thursday, May 7, 2015 at 10:30 a.m. ET to discuss details and answer
questions about the company’s financial results for the first quarter
ended March 31, 2015.

Financial results will be issued in a press release prior to the call,
which will be hosted by MeetMe’s Chief Executive Officer, Geoff Cook,
and Chief Financial Officer, David Clark.

What:

      MeetMe first quarter 2015 financial results conference call
 

When:

Thursday, May 7th at 10:30 a.m. Eastern Time (7:30 a.m.
PT)
 

Dial In Number:

888-401-4668 (US and Canada)
719-457-2697 (International)
Participant passcode: 8683228
 

Webcast:

To access the live and replay webcast, please visit the investor
relations section of MeetMe’s investor website at http://www.meetmecorp.com/.

 

Call Replay:

A replay of the call will be available approximately two hours
following the end of the call through 11:59 p.m. ET on Thursday, May
14, 2015.
 

Replay Numbers:

888-203-1112 (US and Canada)
719-457-0820 (International)
Replay passcode: 8683228
 

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.

Investor Contact:
MKR Group, Inc.
Todd Kehrli or Jim
Byers
(323) 468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

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