MeetMe Launches New Profile Design Further Emphasizing Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
released a redesign for its mobile apps that combines its two most
popular screens: Chat and Profiles. As a result, users can now chat
directly on other users’ profiles, where previously a chat conversation
would occur on a separate screen. This change eliminates the distinction
between Chat and Profile in the app.

“Profiles historically have been the most popular screen in the MeetMe
app, outside of Chat,” said Geoff Cook, CEO of MeetMe. “By incorporating
the Profile into the larger chat experience, we’re creating a more
efficient and intuitive interface for our users. With the change, users
can access relevant information about their chat partners without
leaving the chat itself. We continue to see dramatic levels of Chat
engagement, with total chats up 20% in Q1 of 2015 vs. Q4 of 2014 to 21.9
million chats per day on average. We believe this latest change will
help continue that trend.”

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 the redesign will create a more efficient and
intuitive interface for our users, whether we will continue to see
dramatic levels of Chat engagement, whether chats will continue to
increase and if so at what rate, and whether this redesign will help to
continue that trend. 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 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 Upgrades Mobile Web Experience

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
begun a limited rollout of a major upgrade to its mobile web product,
which brings that experience closer to the level of its highly rated
native mobile applications. MeetMe’s previous mobile web product had
been a barebones version of the service, without many of the
enhancements that helped MeetMe to reach in January a new milestone of
over one million average mobile daily active users. MeetMe plans to roll
out the new, more feature-rich mobile website over the next several
weeks.

“We believe the new mobile web experience is a dramatic improvement —
both for the roughly 50,000 daily active users on that platform and for
potential new users,” said Geoff Cook, CEO of MeetMe. “Early stats look
promising, and we expect this update to lift both engagement and revenue
on the mobile web platform.”

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 we will successfully complete the rollout of our
mobile web product as anticipated, whether the additional features will
help us reach new milestones in daily active users, whether our average
number of daily active users will continue to grow, whether the new
mobile web experience is a dramatic improvement for existing and
potential users, whether users will be able to use our mobile website as
easily as they can our native applications, and whether this update will
lift both engagement and revenue on our mobile web platform. 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, filed on March 13, 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 Amends Advertising Agreement with Beanstock Media

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced it has entered into an amendment to its
mobile advertising agreement with Beanstock Media dated as of December
23, 2014.

David Clark, Chief Financial Officer of MeetMe said, “We are very
pleased with Beanstock’s performance under our new mobile ad management
agreement. This amendment addresses certain technical issues we have
encountered early-on and we do not expect it to affect our ability to
achieve our previously provided 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. 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 whether we will continue to be pleased with Beanstock’s
performance under our mobile ad management agreement, whether the
amendment will successfully address the technical issues we have
encountered, and whether the amendment will affect our ability to
achieve the financial guidance that we previously provided for 2015. 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, filed on March 13, 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 or Jim Byers
323-468-2300
meet@mkr-group.com

Source: MeetMe, Inc.

MeetMe Reports Full Year and Fourth Quarter 2014 Financial Results

Total Revenue for 2014 Increased 11% Year Over Year

Mobile Revenue for 2014 Increased 96% Year Over Year

Adjusted EBITDA for 2014 Increased 177% Year Over Year

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported financial results for its full year and fourth
quarter ended December 31, 2014.

Full Year 2014 Financial Highlights

  • Total revenue was $44.8 million, up 11% year over year.
  • Mobile revenue was $24.6 million, up 96% year over year.
  • Mobile revenue represented 55% of total revenue, up from 31% in 2013.
  • Adjusted EBITDA was $5.0 million or an 11% margin, up 177% 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 loss was $4.0 million, compared to a net loss of $10.9 million for
    2013.

Fourth Quarter 2014 Financial Highlights

  • Total revenue was $13.0 million, up 12% sequentially and equal to Q4
    2013 (which included a one-time $600,000 recognition of deferred
    revenue).
  • Mobile revenue was $7.6 million, up 14% sequentially and 50% year over
    year.
  • Mobile revenue represented 58.4% of total revenue, the highest in
    MeetMe’s history.
  • Mobile average revenue per user (ARPU) was $2.46, up 22% from $2.01 in
    the fourth quarter of 2013, and exceeded web ARPU of $1.03.
  • Mobile average revenue per daily active user (ARPDAU) was $0.090, up
    27% from $0.071 in the fourth quarter of 2013.
  • Adjusted EBITDA was $2.6 million or a 20% margin, up 9% from $2.4
    million in the fourth quarter of 2013. (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 increased to $847,000, compared to $15,000 for the fourth
    quarter of 2013.
  • Cash and Cash Equivalents totaled $17.0 million at December 31, 2014.

Geoff Cook, Chief Executive Officer of MeetMe, said:

“We generated significant growth in our mobile traffic during the year
that helped drive a 96% increase in annual mobile revenue over last
year. In the fourth quarter, we reached an all-time high of 923,000
average mobile daily active users, up 19% over last year, and in January
we reported averaging more than one million daily active users on
mobile, up 30% from a year ago. Additionally, new user registrations on
our mobile apps in January increased 47% year over year. We believe
these positive growth metrics demonstrate the increasing momentum of our
business as the preeminent mobile chat app for connecting new people. We
look forward to continuing to execute against a strong product pipeline
in 2015 to further grow engagement and continue to expand our audience.”

David Clark, Chief Financial Officer of MeetMe, added:

“Our success in growing mobile engagement is reflected in our solid
financial results. We grew mobile revenue in 2014 to $24.6 million,
which represented 55% of our total revenue for the year, the highest
annual contribution in our history, and up from 31% a year ago. Mobile
ARPU climbed to $2.46 in the quarter, up 22% versus a year ago, on the
strength of our mobile banner and native advertising business. We also
increased adjusted EBITDA by 177% on a year-on-year basis to $5 million,
generated free cash flow of $3.5 million and ended the year with a
strong cash balance of $17 million.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss full year
and fourth quarter 2014 financial results today, February 27, 2015 at
10:30 a.m. Eastern time. To access the call dial 888-438-5448 (+1
719-457-2664 outside the United States) and when prompted provide the
participant passcode 1362119 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 and mobile revenue will
continue to grow, whether our adjusted EBITDA will continue to grow,
whether our mobile revenue will continue to constitute an increasing
percentage of our total revenue, whether our net loss will continue to
decrease, whether our mobile ARPU and ARPDAU will continue to grow and
exceed web ARPU, whether our net income will continue to increase,
whether our mobile traffic will continue to grow, whether our mobile
daily active users (DAU) will continue to grow, whether our new user
registrations on our mobile app will continue to grow, whether our
positive growth metrics demonstrate the increasing momentum of our
business and growing mobile engagement, whether we are the preeminent
mobile chat app for connecting new people, whether we will execute
against our product pipeline as anticipated to further grow engagement
and the strength of the pipeline, and whether we will continue to expand
our audience. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013, the Prospectus Supplement (Rule 424(b)(5)) filed on
July 24, 2014, and the Current Report on Form 8-K filed on December 29,
2014. Any forward-looking statement made by us herein speaks only as of
the date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of
new information, future developments or otherwise, except as may be
required by law.

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 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
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2014 AND 2013
(UNAUDITED)
 
      2014       2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 17,041,050 $ 6,330,532
Accounts receivable, net of allowance of $586,000 and $495,000, at
December 31, 2014 and 2013, respectively
9,045,269 10,136,929
Prepaid expenses and other current assets   790,031     597,133  
Total current assets   26,876,350     17,064,594  
 
Goodwill 70,646,036 70,646,036
Property and equipment, net 2,458,897 2,871,800
Intangible assets, net 2,894,330 4,787,941
Other assets   338,146     205,869  
TOTAL ASSETS $ 103,213,759   $ 95,576,240  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,985,259 $ 3,331,484
Accrued liabilities 3,249,404 3,262,327
Current portion of capital lease obligations 872,761 928,181
Current portion of long-term debt 2,068,326 2,333,966
Deferred revenue   218,484     275,761  
Total current liabilities   9,394,234     10,131,719  
 
Long-term capital lease obligation, less current portion, net 587,416 713,699
Long-term debt, less current portion, net 556,612 2,102,842
Other liabilities   418,530     819,930  
TOTAL LIABILITIES $ 10,956,792   $ 13,768,190  
 
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 December 31, 2014 and 2013

$ 1,000 $ 1,000
Common stock, $.001 par value; authorized – 100,000,000 Shares;
44,910,034 and 38,477,359 issued and outstanding at December 31,
2014 and 2013, respectively
44,914 38,481
Additional paid-in capital 297,001,167 282,496,996
Accumulated deficit (204,072,239 ) (200,110,075 )
Accumulated other comprehensive income (loss)   (717,875 )   (618,352 )
TOTAL STOCKHOLDERS’ EQUITY   92,256,967     81,808,050  
 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 103,213,759   $ 95,576,240  
 
 
MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS)
THREE MONTHS AND YEARS ENDED DECEMBER 31, 2014 AND 2013
(UNAUDITED)
 
    Three Months Ended December 31,     Years Ended December 31,
2014     2013 2014     2013
 
Revenues $ 13,021,878   $ 13,016,106   $ 44,817,436   $ 40,378,007  
 
Operating Costs and Expenses:
Sales and marketing 1,666,406 2,393,167 7,277,719 7,799,077
Product development and content 7,589,911 7,117,098 28,324,443 26,660,709
General and administrative 1,962,026 2,115,897 8,017,970 7,875,395
Depreciation and amortization 922,852 1,106,621 4,223,506 4,387,464
Restructuring costs 120,202 2,540,896
Loss on debt restructure               1,174,269  
Total Operating Costs and Expenses   12,141,195     12,732,783     47,963,840     50,437,810  
 
Income (Loss) from Operations   880,683     283,323     (3,146,404 )   (10,059,803 )
 
Other Income (Expense):
Interest income 5,958 1,869 10,352 9,725
Interest expense (183,754 ) (269,902 ) (1,052,620 ) (848,247 )
Change in warrant liability   144,037         226,508      
Total Other Income (Expense)   (33,759 )   (268,033 )   (815,760 )   (838,522 )
 
Income (loss) before Income Taxes 846,924 15,290 (3,962,164 ) (10,898,325 )
Income taxes                
Net Income (Loss) $ 846,924   $ 15,290   $ (3,962,164 ) $ (10,898,325 )
Preferred stock dividends                
Net Income (Loss) Allocable to Common Stockholders $ 846,924   $ 15,290   $ (3,962,164 ) $ (10,898,325 )
 
Basic and diluted net income (loss) per common shareholders:
Basic and diluted net income (loss) per common shareholders $ 0.02   $ 0.00   $ (0.10 ) $ (0.29 )
 
Weighted average shares outstanding, basic and diluted   44,879,982     38,477,359     41,328,699     38,048,446  
 
Net Income (Loss) $ 846,924 $ 15,290 $ (3,962,164 ) $ (10,898,325 )
Foreign currency translation adjustment   (65,408 )   (25,466 )   (99,523 )   (52,407 )
Comprehensive Income (Loss) $ 781,516   $ (10,176 ) $ (4,061,687 ) $ (10,950,732 )
 
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) FROM CONTINUING
OPERATIONS TO ADJUSTED EBITDA
THREE MONTHS AND YEARS ENDED DECEMBER 31, 2014 AND 2013
(UNAUDITED)
 
    Three Months Ended December 31,     Years Ended December 31,
2014     2013 2014     2013
 
Net Income (Loss) Allocable to Common Stockholders $ 846,924   $ 15,290 $ (3,962,164 ) $ (10,898,325 )
 
Interest expense 183,754 269,902 1,052,620 848,247
Depreciation and amortization 922,852 1,106,621 4,223,506 4,387,464
Stock-based compensation expense 787,738 996,477 3,810,209 3,758,043
Change in warrant liability (144,037 ) (226,508 )
Acquisition and restructuring costs 120,202 2,540,896
Loss on debt restructure             1,174,269  
Adjusted EBITDA $ 2,597,231   $ 2,388,290 $ 5,017,865   $ 1,810,594  
 
 
GAAP basic and diluted net income (loss) per common shareholders $ 0.02   $ 0.00 $ (0.10 ) $ (0.29 )
Basic adjusted EBITDA per common shareholders $ 0.06   $ 0.06 $ 0.12   $ 0.05  
Diluted adjusted EBITDA per common shareholders $ 0.05   $ 0.06 $ 0.11   $ 0.04  
 
Weighted average number of shares outstanding, Basic   44,879,982     38,477,359   41,328,699     38,048,446  
Weighted average number of shares outstanding, Diluted   48,181,596     40,694,677   45,563,736     40,375,214  
 

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

Source: MeetMe, Inc.

MeetMe to Present at the JMP Securities Technology Conference in San Francisco on March 2, 2015

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that the company will be presenting at the
JMP Securities Technology Conference being held at the Ritz-Carlton in
San Francisco, CA on March 2-3, 2015. The company will be giving its
presentation on Monday, March 2, 2015 at 12:00 PM Pacific Time.

The presentation by MeetMe CEO Geoff Cook and CFO David Clark will be
webcast live at http://wsw.com/webcast/jmp26/meet
and will be available through a link on the Investor Relations section
of the company’s website, www.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. 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 Sets Fourth Quarter and Fiscal Year 2014 Conference Call for February 27 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 Friday, February 27, 2015 at 10:30 a.m. ET to discuss details and
answer questions about the company’s financial results for the fourth
quarter and fiscal year ended December 31, 2014.

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 fourth quarter 2014 financial results conference call
 

When:

Friday, February 27th 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: 1362119
 

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 Friday,
March 6, 2015.

 

Replay Numbers:

888-203-1112 (US and Canada)
719-457-0820 (International)
Replay passcode: 1362119
 

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.

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

Source: MeetMe, Inc.

MeetMe Achieves Record-High Mobile DAU in January

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
achieved a new milestone, averaging more than one million daily active
users (DAU) on mobile for the first month of this year. The widely
popular and fast-growing app also set a new record for user-to-user
chats, averaging more than 21 million per day for the month.

“We are thrilled to start 2015 off with record traffic and engagement,”
said Geoff Cook, CEO of MeetMe. “Our mobile traffic is up nearly 30%
from January a year ago. We look forward to continuing to execute
against a strong product pipeline as we seek 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 our mobile DAU average will grow in the future
and if so at what rate, whether the MeetMe App will remain widely
popular and fast growing, whether the number of our daily user-to-user
chats will grow in the future and if so at what rate, whether we will
continue to experience record traffic and engagement, whether mobile
traffic will grow in the future and if so at what rate, whether we will
execute against our product pipeline as anticipated and the strength of
that pipeline, and whether we will successfully 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, 2013, the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 2014, and the Current Report on Form 8-K
filed on December 29, 2014. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We undertake
no obligation to publicly update any forward-looking statement, whether
as a result of new information, future developments or otherwise, except
as may be required by law.

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

Source: MeetMe, Inc.

MeetMe CEO Trades Under 10b5-1 Plan

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that in accordance with a previously adopted
stock-trading plan, Geoffrey Cook, Chief Executive Officer, has sold
30,000 shares of the Company’s common stock. Mr. Cook had previously
established the stock-trading plan in accordance with Rule 10b5-1 of the
Securities Exchange Act of 1934, as amended, and the Company’s insider
trading policy.

Mr. Cook entered into the plan as part of his personal financial
planning strategy of asset diversification. It provides for periodic
sales of the Company’s common stock (subject to various price
thresholds) over the course of this calendar year, up to a maximum of
480,000 shares. If all of the shares subject to the trading plan were
sold, Mr. Cook would retain approximately 80 percent of his current
holdings (including stock options exercisable within 60 days of today).

Rule 10b5-1 plans allow corporate officers and directors to adopt
written, pre-arranged stock trading plans when they are not in
possession of material, non-public information. Such plans typically
establish parameters for future stock transactions to take place
automatically. Transactions under the plan are disclosed publicly
through filings with the Securities and Exchange Commission.

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 whether Mr. Cook will sell shares of the Company’s
common stock in the future as anticipated, both with respect to the
timing and amounts of shares, as well as the amount of shares that Mr.
Cook will retain and the amount of shares Mr. Cook will retain as a
percentage of his current holdings, and whether transactions under the
plan will be disclosed publicly through filings with the Securities and
Exchange Commission as contemplated and in a timely fashion. All
statements other than statements of historical facts contained herein
are forward-looking statements. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013, the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 2014, and the Current Report on Form 8-K
filed on December 29, 2014. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We undertake
no obligation to publicly update any forward-looking statement, whether
as a result of new information, future developments or otherwise, except
as may be required by law.

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

Source: MeetMe, Inc.

MeetMe Completes Stickers Launch

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery,
announced that it has completed rolling out Stickers on its mobile
platforms. MeetMe launched Stickers on Android last month, and has now
made them available on iPhone and iPad. Stickers enable users to express
themselves creatively via Chat. MeetMe’s latest iPhone and iPad builds
also include an enhanced chat architecture to improve the speed of
communication.

“We are pleased to complete the rollout of Stickers to the MeetMe apps,”
said Geoff Cook, CEO of MeetMe. “Android users send more than 300,000
Stickers per day, emphasizing that Stickers are a popular way for users
to express themselves. We look forward to launching more Sticker packs
in time for Valentine’s Day.”

About MeetMe, Inc.

MeetMe®
(NASDAQ: MEET) is the leading social network for meeting new people in
the US and the public market leader for social discovery. 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 Stickers will enable users to express themselves
creatively via Chat, whether the enhanced chat architecture will improve
the speed of communication, the rate at which our users will send
Stickers in the future, whether Stickers will continue to be a popular
way for users to express themselves and whether we will launch more
Sticker packs in time for Valentine’s Day. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013, the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 2014, and the Current Report on Form 8-K
filed on December 29, 2014. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We undertake
no obligation to publicly update any forward-looking statement, whether
as a result of new information, future developments or otherwise, except
as may be required by law.

Press 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 Revamps iPad App

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
updated its iPad app. The new iPad app streamlines the mobile experience
across devices and includes simpler navigation and real time chat. The
updated app for iPad also has a similar appearance to MeetMe’s iPhone
and Android apps.

“This update unifies the MeetMe experience across more mobile devices
and makes future changes easier,” said Geoff Cook, CEO of MeetMe. “We
look to continue improving our mobile experience across a range of
devices to provide the best possible experience for our users. With this
update, we are also laying the foundation for monetization of our iPad
app in the coming weeks, when we plan to launch advertising and virtual
currency on iPad. These expected revenues are included in our previously
announced 2015 guidance of annual revenue growth to between $47 million
to $53 million and annual adjusted EBITDA growth to between $7 to $10
million.”

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 this update will streamline the mobile
experience across devices and make navigation and real time chat
simpler, whether this update will make future changes easier, whether we
will continue improving our mobile experience across a range of devices
to provide the best possible experience for our users, whether this
update will serve as the foundation for monetization of our iPad app as
anticipated and whether such monetization will occur in the anticipated
timeframe, whether we will launch advertising and virtual currency on
iPad and the timing of such launch, and whether our 2015 annual revenue
and adjusted EBITDA will grow as anticipated to the respective amounts
projected. All statements other than statements of historical facts
contained herein are forward-looking statements. The words “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013, the Prospectus Supplement (Rule 424(b)(5)) filed on
July 24, 2014, and the Current Report on Form 8-K filed on December 29,
2014. Any forward-looking statement made by us herein speaks only as of
the date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of
new information, future developments or otherwise, except as may be
required by law.

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

Source: MeetMe, Inc.

MeetMe Achieves New Mobile DAU Milestone

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

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

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

About MeetMe, Inc.

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

Cautionary Note Concerning Forward-Looking Statements

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

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

Source: MeetMe, Inc.

MeetMe Expands Relationship with Beanstock Media to Manage Mobile Ad Inventory

Provides Fiscal 2015 Annual Total Revenue and EBITDA Guidance

NEW HOPE, Penn.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced an expansion of its ad management
relationship with Beanstock Media, the world’s first premium Publisher
Trading Desk, to begin delivering its mobile advertising inventory to
Beanstock at guaranteed CPMs. Under the agreement MeetMe will begin
placing ad calls with Beanstock Media on March 1, 2015 and will do so
for the remainder of the year. This new agreement will take the place of
the company’s current ad management agreement with Pinsight Media+,
which expires on December 31, 2014 and has a 60-day transition period.

Bill Alena, Chief Revenue Officer of MeetMe, said, “Beanstock Media has
proven to be a trusted and reliable partner since we began working with
them in October 2013 to optimize revenue from our global web-based
remnant ad inventory, and we are excited to expand our relationship to
mobile. With this agreement, we expect to have continued strong
visibility into revenue and smoothed quarterly seasonality in
advertising rates. In 2015, we will continue our focus on driving high
usage and engagement as we seek to build the pre-eminent mobile chat app
for connecting with new people.”

David Clark, Chief Financial Officer of MeetMe said, “Our mobile daily
active users (DAU) in 2014 have increased 20 percent, from approximately
770,000 in the first quarter to approximately 920,000 in the fourth
quarter to date. During the same period, chat grew more than 100
percent, and mobile visits per DAU increased more than 15%. MeetMe
mobile has grown significantly in both users and in engagement per user
in 2014. This growth in usage has contributed to the continued growth in
mobile revenue we have delivered throughout this year. In 2015, we
project annual revenue to grow to between $47 million and $53 million
for the year. We also project annual adjusted EBITDA to grow to between
$7 million and $10 million in 2015.”

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NASDAQ: MEET). MeetMe
makes it easy to discover new people to chat with on mobile devices.
With approximately 80 percent of traffic coming from mobile and more
than one million total daily active users, MeetMe is fast becoming the
social gathering place for the mobile generation. 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 whether will begin placing add calls with Beanstock as
anticipated, whether the agreement will allow us strong visibility into
revenue and smoothed quarterly seasonality in advertising rates, whether
we will drive high usage and engagement as anticipated, whether we will
successfully build the pre-eminent mobile chat app for connecting with
new people, whether DAU, chat, and mobile visits per DAU will continue
to grow, whether mobile revenue will continue to grow as anticipated,
whether we will achieve annual revenue in 2015 as projected, and whether
our adjusted annual EBITDA in 2015 will grow as anticipated to the
amount projected. All statements other than statements of historical
facts contained herein are forward-looking statements. The words
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “project,” “is
likely,” “expect” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual results
to differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013, the Prospectus Supplement (Rule 424(b)(5)) filed on
July 24, 2014,and the Current Report on Form 8-K filed on December 29,
2014. Any forward-looking statement made by us herein speaks only as of
the date on which it is made. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We undertake no obligation to
publicly update any forward-looking statement, whether as a result of
new information, future developments or otherwise, except as may be
required by law.

Fresh PR
Jeannine Jacobi
323-903-7063
jeannine@freshpr.net
or
Investor
Contact:

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

Source: MeetMe, Inc.

MeetMe Upgrades Its Popular Icebreaker Feature in Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
released a new upgrade that makes its popular Icebreakers feature in
Chat a frictionless “one-tap” experience. Previously, sending an
icebreaker required the user to choose from a list of over 100; now the
Chat screen offers easy-to-use icebreaker suggestions based on what the
user sends most often and on which icebreakers are most likely to result
in a reply. The upgrade is intended to make it as easy as possible to
send a high-quality initial chat.

“Since making this change, daily Icebreaker volume has increased over
100% versus the November average,” said Geoff Cook, CEO of MeetMe.
“Overall Chat volume also continues to achieve record levels, as chats
sent increased by more than 700,000 over the November average to 18.9
million per day in the seven days ending December 14. We believe the
upgrade to Icebreakers and our recent Stickers launch are helping to
fuel this increased engagement.”

The new one-tap Icebreakers feature is available in the MeetMe app for
both Android and iPhone.

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 the Icebreakers upgrade will make it make it
easy as possible to send high-quality initial chats, whether Icebreaker
volume will increase in the future and if so at what rate, whether Chat
will continue to achieve record levels, whether chats sent per day will
continue to increase and if so at what rate, and whether Icebreakers and
our recent Stickers launch will help fuel further engagement. All
statements other than statements of historical facts contained herein
are forward-looking statements. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013 and the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 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 Launches New Virtual Currency Product “Stickers” Inside Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
launched a new “Stickers” feature to let users express themselves
creatively via chat. Stickers, which are now available on the Android
platform, enable the sending of emoticons, expressions (“lol,” “omg,”
and many more), and virtual gifts like “flowers” and “stuffed animals”
inside the chat experience. Stickers help users add more personality to
their chats.

MeetMe users can download their first two Sticker packs for free and buy
additional packs for 150 Credits (approximately USD $3.00), which can be
purchased through the Google Play Store or earned by referring friends
to MeetMe or completing actions on behalf of advertisers. MeetMe plans
to update Stickers frequently with new content, as well as periodically
with holiday, seasonal, and other theme-related images.

“Stickers enable visual expressions that can enhance the chat
experience,” said Geoff Cook, CEO of MeetMe. “We believe Stickers should
drive both increased monetization and user engagement. It’s a natural
product for us as we seek to build the pre-eminent mobile chat app for
connecting with new people.”

MeetMe plans to make the Stickers feature available soon for iPhone as
well.

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 users will purchase or earn Stickers, whether we
will update Stickers with new content as planned, whether Stickers will
enable visual expressions that enhance the chat experience, whether
Stickers will drive increased monetization and user engagement, and
whether we will be successful in building 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, 2013 and the Prospectus Supplement (Rule 424(b)(5)) filed
on July 24, 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 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 Ranked Number 3 Fastest Growing Internet Company in North America on Deloitte’s 2014 Technology Fast 500™

Attributes 7,434 Percent Revenue Growth to Highly Engaged Mobile Users

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET) today announced it ranked No. 3 in the
Internet category and No. 21 overall on Deloitte’s Technology Fast 500™,
a ranking of the 500 fastest growing technology, media,
telecommunications, life sciences and clean technology companies in
North America. Rankings are based on five-year revenue growth. MeetMe
grew 7,434 percent during this period.

Geoff Cook, MeetMe’s CEO, said, “We are honored to be recognized as one
of Deloitte’s Technology Fast 500™ for the fourth consecutive year, an
accomplishment for the entire MeetMe team. MeetMe is a mobile chat app
for connecting with new people. Since we revamped our Chat product, we
have seen chats per DAU on mobile increase from 9 in March of this year
to 18 chats per DAU on mobile in October. We’ve built an
industry-leading mobile monetization engine growing mobile revenue 128%
year-on-year from Q3 2013 to Q4 2014 and will continue our focus on
increasing daily active users and monetizing that growth.”

“The companies ranked on the 2014 Deloitte Technology Fast 500 continue
to set the bar for their industry higher each year,” said Eric Openshaw,
vice chairman, Deloitte LLP and U.S. technology, media and
telecommunications leader. “There are so many exciting products and
smart thought leaders driving this list. We congratulate the Fast 500
companies and look forward to seeing them continue their momentum into
2015.”

“For 20 years, the Deloitte Fast 500 rankings have honored the
innovation that is part of these companies’ DNA,” added Jim Atwell,
national managing partner of the emerging growth company practice,
Deloitte & Touche LLP. “We’re glad to be serving these high-growth
companies, and helping the technology sector recognize the great strides
and transformation these companies are making in their respective areas.”

MeetMe previously ranked No. 3 as a Technology Fast 500™ award winner
for 2013.

About Deloitte’s 2014 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of
the fastest growing technology, media, telecommunications, life sciences
and clean technology companies – both public and private – in North
America. Technology Fast 500 award winners are selected based on
percentage fiscal year revenue growth from 2009 to 2013.

In order to be eligible for Technology Fast 500 recognition, companies
must own proprietary intellectual property or technology that is sold to
customers in products that contribute to a majority of the company’s
operating revenues. Companies must have base-year operating revenues of
at least $50,000 USD or CD, and current-year operating revenues of at
least $5 million USD or CD. Additionally, companies must be in business
for a minimum of five years and be headquartered within North America.

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.

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 our future rate of growth and whether we will remain one
of the fastest growing technology companies, whether chats per DAU and
mobile revenue will increase in the future and if so at what rate for
each, whether our mobile monetization engine will remain industry
leading and grow mobile revenue, whether we will be successful in
continuing our focus on increasing daily active users and monetizing
that growth, and whether we will continue our momentum into 2015,
including whether we will make great strides and achieve transformation.
All statements other than statements of historical facts contained
herein are forward-looking statements. The words “believe,” “may,”
“estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“could,” “target,” “potential,” “project,” “is likely,” “expect” and
similar expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and
financial needs. Important factors that could cause actual results to
differ from those in the forward-looking statements include the risk
that our applications will not function easily or otherwise as
anticipated, the risk that we will not launch additional features and
upgrades as anticipated, the risk that unanticipated events affect the
functionality of our applications with popular mobile operating systems,
any changes in such operating systems that degrade our mobile
applications’ functionality and other unexpected issues which could
adversely affect usage on mobile devices. Further information on our
risk factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year ended
December 31, 2013 and the Prospectus Supplement (Rule 424(b)(5)) filed
on July 24, 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 Apps Reach New Highs in the US

App Store and Play Store Rankings Internationally Also Show Growth

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
announced that the MeetMe app has reached its highest US rankings in the
last year in both the Apple App Store and the Google Play Store. As of
November 12, the MeetMe Android app ranked 13th in the Google
Play Store Social category and the MeetMe iPhone app ranked 26th
in the App Store Social Networking category.

The MeetMe app is showing signs of gathering momentum internationally as
well. For example, in Android’s Social category, MeetMe now ranks 16th
in India, 18th in the United Kingdom, and 22nd in
both Italy and Turkey, up from, respectively, 35th, 32nd,
73rd, and 88th one year ago. MeetMe ranks in the
top 100 Social applications in 45 countries in the Google Play Store and
in 90 countries in the Apple App Store.

“We believe our improved ranking in the Social categories on both iPhone
and Android is the result of organic growth stemming from the successful
launch of our new mobile design and continued progress in facilitating
chat engagement for our users,” says Geoff Cook, CEO of MeetMe. “Our
apps are available in 12 languages, and we are encouraged by our recent
international traction in user growth. For example, in October nearly
half (48%) of all MeetMe registrations on Android came from outside the
US, up from 22% a year ago. We look forward to continuing to expand
MeetMe within the US and throughout the world as 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.

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 our future US and international rankings in the Apple
App Store in its Social Networking category and the Google Play Store in
its Social category, whether the MeetMe app will gather momentum
internationally, our continued organic growth, our continued progress in
facilitating user engagement in chat, whether we will achieve and
maintain international traction in user growth, whether international
registrations will continue to grow as a percentage of overall
registrations, and whether we will continue to expand MeetMe in the US
and throughout the world as the pre-eminent mobile chat app for
connecting 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, 2013 and the Prospectus Supplement (Rule 424(b)(5)) filed
on July 24, 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 Third Quarter 2014 Financial Results

Mobile Revenue Increased 128% Year Over Year

Adjusted EBITDA Increased 213% Year Over Year to $2.2 Million or a
19% Margin

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today reported financial results for its third quarter ended
September 30, 2014.

Third Quarter 2014 Financial Highlights

  • Total revenue was $11.6 million, up 15% from the third quarter of 2013.
  • Mobile revenue was $6.7 million, up 128% from the third quarter of
    2013.
  • Mobile revenue represented 58% of total revenue, the highest in
    MeetMe’s history.
  • Mobile average revenue per user (ARPU) was $2.29, up 108% from $1.10
    in the third quarter of 2013, and exceeded web ARPU of $1.01 for the
    fourth consecutive quarter.
  • Mobile average revenue per daily active user (ARPDAU) was $0.082, up
    105% from $0.040 in the third quarter of 2013.
  • Adjusted EBITDA was $2.2 million, up 213% from $696,000 in the third
    quarter of 2013. (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 $52,000 compared to a net loss of $1.5 million for the
    third quarter of 2013.
  • Cash and Cash Equivalents totaled $15.6 million at September 30, 2014.
    During the quarter MeetMe completed an equity offering which provided
    the Company with net proceeds of $10.5 million.

Geoff Cook, Chief Executive Officer of MeetMe, said:

“The third quarter results demonstrated the strength and vitality of the
MeetMe community. In the third quarter 2.9 million mobile users visited
an average of 122 times per month. Average mobile daily active users
increased 6% versus Q2 and 15% versus Q1 to an all-time record of
888,000 in Q3. We recently announced reaching 20 million chats in a
single day, doubling our daily chat volume in just six months. MeetMe
for Android now ranks in the Top 15 social Android apps in the US and in
the Top 40 social iPhone apps. I believe our recent mobile redesign and
the launch of our Boost virtual currency product help establish a strong
foundation for future growth. Our users trust MeetMe to help them find
new people to chat with, and I look forward to continued progress
towards building the preeminent mobile chat app for connecting with new
people.”

David Clark, Chief Financial Officer of MeetMe, added:

“With the growth in engagement, we are seeing solid financial results.
We grew mobile revenue in the quarter by 128% on a year-on-year basis to
$6.7 million and by 18% versus Q2. Mobile revenue comprised 58% of our
total revenue for the quarter, the highest contribution in our history,
and up from 29% a year ago. Mobile ARPU climbed to $2.29 in the quarter,
up more then 100% versus a year ago, on the strength of our mobile
banner and native advertising business. We also increased adjusted
EBITDA by 213% on a year-on-year basis to $2.18 million, a 19% adjusted
EBITDA margin. In addition, we believe we have substantially
strengthened our balance sheet with the completion of our equity
offering in the third quarter, ending the quarter with a cash balance of
$15.5 million.”

Webcast and Conference Call Details

Management will host a webcast and conference call to discuss third
quarter 2014 financial results today, November 6, 2014 at 10:30 a.m.
Eastern time. To access the call dial 888-572-7033 (+1 719-325-2472
outside the United States) and when prompted provide the participant
passcode 8101195 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 mobile revenue will continue to grow,
whether our mobile ARPU and ARPDAU will continue to grow, whether our
EBITDA will continue to grow, whether our Chat volumes will continue to
increase and if so at what rate, whether our recent mobile redesign and
the launch of our Boost virtual currency product will help establish a
strong foundation for future growth, our future progress towards
building the preeminent mobile chat app for connecting with new people,
whether engagement will continue to grow and if so at what rate, and the
future strength of our advertising business. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013 and the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 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, income taxes,
depreciation and amortization, and non-cash stock-based compensation,
non-recurring acquisition and restructuring expenses 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
CONDENSED CONSOLIDATED BALANCE SHEETS
      (Unaudited)      
September 30, December 31,
2014 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 15,597,966 $ 6,330,532
Accounts receivable, net of allowance of $611,000 and $495,000, at
September 30, 2014 and December 31, 2013, respectively
8,013,051 10,136,929
Prepaid expenses and other current assets   844,033     597,133  
Total current assets   24,455,050     17,064,594  
 
Goodwill 70,646,036 70,646,036
Property and equipment, net 1,798,600 2,871,800
Intangible assets, net 3,319,191 4,787,941
Other assets   272,793     205,869  
TOTAL ASSETS $ 100,491,670   $ 95,576,240  
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,166,568 $ 3,331,484
Accrued liabilities 2,770,973 3,262,327
Current portion of capital lease obligations 831,312 928,181
Current portion of long-term debt 2,012,313 2,333,966
Deferred revenue   213,111     275,761  
Total current liabilities   7,994,277     10,131,719  
 
Long-term capital lease obligation, less current portion, net 275,539 713,699
Long-term debt, less current portion, net 1,018,948 2,102,842
Other Liabilities   562,568     819,930  
TOTAL LIABILITIES $ 9,851,332   $ 13,768,190  
 
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 September 30, 2014 and December 31, 2013,
respectively

$ 1,000 $ 1,000
Common stock, $.001 par value; authorized – 100,000,000 Shares;
44,872,867 and 38,477,359 shares issued and outstanding at September
30, 2014 and Decmber 31, 2013, respectively
44,877 38,481
Additional paid-in capital 296,166,091 282,496,996
Accumulated deficit (204,919,163 ) (200,110,075 )
Accumulated other comprehensive income   (652,467 )   (618,352 )
Total stockholders’ equity   90,640,338     81,808,050  
 
Total liabilities and stockholders’ equity $ 100,491,670   $ 95,576,240  
 
See notes to condensed consolidated financial statements included in
the September 30, 2014 10-Q filing.
 
 
MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(UNAUDITED)
 
      Three Months Ended       Nine Months Ended
September 30, September 30,
2014       2013 2014       2013
 
Revenues $ 11,604,724   $ 10,073,309   $ 31,795,558   $ 27,361,901  
 
Operating Costs and Expenses:
Sales and marketing 1,516,547 1,876,240 5,611,313 5,405,910
Product development and content 7,021,353 6,817,591 20,734,532 19,543,611
General and administrative 1,932,161 1,536,939 6,055,944 5,759,498
Depreciation and amortization 1,135,263 1,108,856 3,300,654 3,280,843
Restructuring costs 120,202 2,540,896
Loss on debt restructure               1,174,269  
Total Operating Costs and Expenses   11,605,324     11,339,626     35,822,645     37,705,027  
 
Loss from Operations   (600 )   (1,266,317 )   (4,027,087 )   (10,343,126 )
 
Other Income (Expense):
Interest income 2,679 2,503 4,394 7,856
Interest expense (206,980 ) (222,777 ) (868,866 ) (578,345 )
Change in warrant liability   256,932         82,471      
Total Other Income (Expense)   52,631     (220,274 )   (782,001 )   (570,489 )
 
Income (Loss) before Income Taxes 52,031 (1,486,591 ) (4,809,088 ) (10,913,615 )
Income taxes                
Net Income (Loss) $ 52,031   $ (1,486,591 ) $ (4,809,088 ) $ (10,913,615 )
Preferred stock dividends                
Net Income (Loss) Allocable to Common Stockholders $ 52,031   $ (1,486,591 ) $ (4,809,088 ) $ (10,913,615 )
 
Earnings (losses) per Common Stockholders:
Basic $ 0.00   $ (0.04 ) $ (0.12 ) $ (0.29 )
Diluted $ 0.00   $ (0.04 ) $ (0.12 ) $ (0.29 )
 
Weighted average shares outstanding:
Basic   43,092,803     38,207,141     40,131,955     37,903,904  
Diluted   46,064,928     38,207,141     40,131,955     37,903,904  
 
Net Income (Loss) $ 52,031 $ (1,486,591 ) $ (4,809,088 ) $ (10,913,615 )
Foreign currency translation adjustment   (74,389 )   1,473     (34,115 )   (26,941 )
Comprehensive loss $ (22,358 ) $ (1,485,118 ) $ (4,843,203 ) $ (10,940,556 )
 
See notes to condensed consolidated financial statements included in
the September 30, 2014 10-Q filing.
 
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) FROM CONTINUING
OPERATIONS TO ADJUSTED EBITDA
(UNAUDITED)
 
     

Three Months Ended September 30,

      Nine Months Ended September 30,
2014       2013 2014       2013
 
Net Income (Loss) from Continuing Operations $ 52,031   $ (1,486,591 ) $ (4,809,088 ) $ (10,913,615 )
 
Interest expense 206,980 222,777 868,866 578,345
Change in warrant liability (256,932 ) (82,471 )
Depreciation and amortization 1,135,263 1,108,856 3,300,654 3,280,843
Amortization of stock based compensation 1,043,083 850,642 3,022,471 2,761,566
Acquisition and restructuring costs 120,202 2,540,896
Loss on debt restructure               1,174,269  
Adjusted EBITDA $ 2,180,425   $ 695,684   $ 2,420,634   $ (577,696 )
 
 
GAAP basic and diluted net income (loss) per common shareholders $ 0.00   $ (0.04 ) $ (0.12 ) $ (0.29 )
Basic adjusted EBITDA per common shareholders $ 0.05   $ 0.02   $ 0.06   $ (0.02 )
Diluted adjusted EBITDA per common shareholders $ 0.05   $ 0.02   $ 0.05   $ (0.02 )
 
Weighted average number of shares outstanding, Basic   43,092,803     38,207,141     40,131,955     37,903,904  
Weighted average number of shares outstanding, Diluted   46,064,928     40,144,904     45,567,523     37,903,904  

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

Source: MeetMe, Inc.

MeetMe Launches “Boost” Virtual Currency Product in Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–

MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
launched a new “Boost” feature that allows users to gain premium
placement on both the main Meet tab and on the Chat tab of the
redesigned MeetMe app. The product, which users can activate by spending
MeetMe Credits, is designed to increase a user’s visibility on the app
and lead to more chats for that user. MeetMe Credits can be purchased
through the App Store or Google Play Market or earned by referring
friends to MeetMe or completing actions on behalf of advertisers.

Boost replaces the former Spotlight Bar product, which was geared toward
increasing profile views rather than chats, and was not as prominent
within the app as the new Boost product. In addition to Boost, other
virtual currency products available on MeetMe include Feed Spotlight,
Match Spotlight, Unlock Photo Views, and Stealth Browsing.

“Our users buy approximately 800,000 virtual currency products a month
using virtual currency Credits,” said Geoff Cook, CEO of MeetMe. “Boost
is the most prominent virtual currency product we’ve ever launched and
the first one aimed at Chat. We are heartened by the early data showing
Boosted users receive more than 100% more chats than the average user.
We expect Boost to replace Spotlight Bar as our number one virtual
currency product. Moreover, we are committed to continuing to drive
value for Boost users in future app updates, which we believe will
continue to increase the value of Boost to our users and ultimately
their willingness to pay for this premium product.”

Boost is now available within the MeetMe app for both Android and iPhone.

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 Boost will increase a user’s visibility on the
MeetMe app or lead to more chats, the continued availability of other
virtual currency products, the rate at which users will buy virtual
currency products in the future, whether Boost users will continue to
receive more chats than other users and if so at what rate, whether
Boost will become our number one virtual currency product, whether we
successfully provide future app updates that drive value for Boost users
as expected, and whether those updates will increase the value of Boost
to our users and ultimately their willingness to pay for Boost. All
statements other than statements of historical facts contained herein
are forward-looking statements. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013 and the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 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 Sets Third Quarter 2014 Conference Call for Thursday, November 6 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, November 6, 2014 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, 2014.

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 2014 financial results conference call
 

When:

Thursday, November 6th at 10:30 a.m. Eastern Time (7:30
a.m. PT)
 

Dial In Number:

888-572-7033 (US and Canada)
719-325-2472 (International)
Participant passcode: 8101195
 

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,
November 13, 2014.
 

Replay Numbers:

888-203-1112 (US and Canada)
719-457-0820 (International)
Replay passcode: 8101195
 

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.

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

Source: MeetMe, Inc.

MeetMe Releases New Standalone App Advice Chat

ReachOut.com to Host Channel in App for Those In Need

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery, has
released a new standalone iPhone application called Advice Chat as part
of a relationship with Affinity Networks. MeetMe has licensed the
Affinity mobile platform to publish three new custom mobile
applications. The first app, Advice Chat, is available now; an Android
version will be available in the coming months.

“We are impressed by the Affinity platform, and we are excited to work
with Affinity Networks to bring these applications to market quickly and
cost effectively,” notes Geoff Cook, CEO of MeetMe. “We continue to view
standalone app development as a cost effective way to gather user
feedback quickly. In the past, we’ve built new features into the core
MeetMe app after first testing their viability as a standalone app, as
was the case with our app Choosy. We believe the Advice Chat app will
appeal to the MeetMe audience and help attract new users. It will also
enable us to gather data on group chat and engagement within a niche
community. Most important of all, we believe Advice Chat can become a
supportive, thriving community. We’re happy to have ReachOut.com
involved in providing information to help build a supportive environment
for our users.”

“We are thrilled to work with MeetMe on the Advice Chat app,” says
Meredith Sires of ReachOut.com, a mental health support and information
service run by the Inspire USA Foundation. “We believe the ReachOut.com
channel of the Advice Chat app will be an important mobile resource for
young people who are facing tough times. In an increasingly mobile
world, it’s important that there is a mobile community that strives to
be a supportive space where people can ask any question and find
connection and understanding.”

Affinity Networks provides a suite of mobile app libraries that give
developers a quick and easy way to launch custom messaging communities
or embed engagement features like group chat and direct messaging into
their apps. The company has also developed a native ad engine that goes
beyond engagement and retention, giving developers a way to monetize
mobile messaging. The opportunity to plug into that ad engine in the
future was part of the reason MeetMe decided launch Advice Chat on the
Affinity platform. Affinity Networks currently powers a number of other
mobile communities including the popular app Geeking.

“We are excited to work with MeetMe’s large global brand and vibrant
community,” said Jeff Solomon, CEO of Affinity Networks. “We look
forward to watching Advice Chat grow, as well as to creating more
applications with the MeetMe team.”

MeetMe also made a small seed investment in Affinity Networks.

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.

About Affinity Networks

Affinity Networks, the trade name of AFTY, LLC, provides customizable
social controls for mobile apps. The company offers a suite of libraries
that make it easy for mobile app developers to implement powerful
engagement and retention features like group chat and direct messaging.
Affinity Networks also provides complete white-labeled solutions for
enterprise clients, and a turnkey SDK to embed a chat community directly
into an existing app. More information about Affinity Networks’ products
and services can be found at http://afty.co.

About ReachOut.com

ReachOut.com
is an information and support service that uses evidence based
principles and technology to help teens and young adults who are facing
tough times and struggling with mental health issues. ReachOut.com
offers fact sheets, stories, blogs, videos and moderated discussion
forums. All content is developed in collaboration with teens and young
adults, for teens and young adults, and vetted by mental health experts.
ReachOut.com meets teens where they are and helps them recognize their
own strengths in order to overcome their difficulties and/or seek help.
The Inspire USA Foundation oversees ReachOut.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 we will publish new custom mobile applications
as anticipated, including an Android version of Advice Chat, whether we
will bring applications to market quickly or cost effectively, whether
standalone app development will continue to be a cost effective way for
us to gather user feedback quickly, whether Advice Chat app will appeal
to the MeetMe audience or help attract new users, thus enabling us to
gather data on group chat and engagement within a niche community,
whether involvement of ReachOut.com will help build a supportive
community for users, whether Advice Chat will become a supportive,
thriving community, whether the ReachOut.com channel of the Advice Chat
app will become an important mobile resource for young people to find
connection and understanding, whether we will use the Affinity ad engine
in the future and if so whether it will prove effective in monetizing
the app, and whether Advice Chat will grow. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar expressions,
as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on
our current expectations and projections about future events and
financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications will
not function easily or otherwise as anticipated, the risk that we will
not launch additional features and upgrades as anticipated, the risk
that unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such operating
systems that degrade our mobile applications’ functionality and other
unexpected issues which could adversely affect usage on mobile devices.
Further information on our risk factors is contained in our filings with
the Securities and Exchange Commission (“SEC”), including the Form 10-K
for the year ended December 31, 2013 and the Prospectus Supplement (Rule
424(b)(5)) filed on July 24, 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.

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