MeetMe to Participate in Oppenheimer’s Bi-Annual NY Internet Investor Day

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery,
today announced that the Company has been invited to participate in the Oppenheimer
Bi-Annual NY Internet Investor Day
. This conference will be held at
the Grand Hyatt in New York, NY on Wednesday, June 18, 2014.

The Oppenheimer Bi-Annual NY Internet Investor Day offers investors an
opportunity to meet with management in one-on-one or small group
meetings throughout the day. CEO Geoff Cook and CFO David Clark will
represent MeetMe at the event. To schedule a one-on-one or small group
meeting with CEO Geoff Cook and CFO David Clark, please contact your
Oppenheimer representative. This event will not be webcast.

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With 75 percent of traffic coming
from mobile, MeetMe is fast becoming the social gathering place for the
mobile generation. The Company operates MeetMe.com and MeetMe apps 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 www.meetmecorp.com.

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Achieves New Mobile Traffic Record of 900,000 Daily Active Users

Focus on Facilitating Chat Partners and Enhancing Chat to Drive Mobile
Traffic

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, set new records on Tuesday of this week for the number of
daily active users (DAU) on mobile overall and on Android specifically.
For the first time in MeetMe’s history, more than 900,000 unique mobile
users logged in on a single day.

“We’re thrilled to have achieved 924,000 mobile users logging into
MeetMe, with a record 567,000 of those on Android,” said MeetMe CEO
Geoff Cook. “We believe our new Chat features – Friends Suggestions and
Icebreakers – have driven much of this growth, while increasing total
friend requests and the number of new, high quality chats among our
members. In addition, overall Chat activity has increased by more than
60% since the enhancements we made in April. We believe our exciting
pipeline of new features will make MeetMe the best app for finding new
chat partners, and thereby enable us to continue the strong DAU growth
we are seeing on mobile.”

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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 in the future we will achieve increased numbers
of mobile daily active users (DAUs) overall or on Android specifically,
whether our new Chat features will drive growth in DAU, friend requests,
or new, high quality chats among our members, whether our overall Chat
activity will increase, whether our pipeline of new features will make
MeetMe the best app for finding Chat partners, and whether we will
achieve strong DAU growth on mobile. 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,” “will,” “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. 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:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe’s New Friend Suggestions for iPhone Drives Increased Friendship Requests

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, has launched its Friend Suggestions feature on its iPhone
application. The feature, previously available on the web platform,
surfaces a “People You Might Like” section within Feed and Friends, with
the goal of driving more friend requests, new friendships, and
ultimately, new chat conversations.

“We are focused on solving the problem of finding new high quality chat
partners for our users,” said MeetMe CEO Geoff Cook. “Friend Suggestions
helps facilitate new interactions by suggesting relevant people. We
consistently find that friends are more likely to chat each other and
reply to a friend’s chat. In the week since we’ve launched the feature,
we are pleased to see iPhone friend requests up more than 60%, and to
see total friend requests up 30%. We expect we will continue to grow new
friend connections with the launch of Friend Suggestions on Android in
Q3.”

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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 Friends Suggestions will drive more friend
requests, new friendships, and new chat conversations, whether Friends
Suggestions will facilitate finding new high quality chat partners or
otherwise facilitate new interactions, whether Friends Suggestions will
contribute to new friends requests and if so, to what extent, and
whether we will successfully launch Friends Suggestions on Android as
expected. 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,” “will,” “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. 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:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Announces Presentation Date and Time for Cowen and Company’s 42nd Annual Technology, Media & Telecom Conference

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NASDAQ: MEET), the public market leader for social discovery,
today announced that the Company will present at Cowen
and Company’s 42nd Annual Technology, Media & Telecom Conference

on Wednesday, May 28, 2014 at 9:30 a.m. Eastern Time. The presentation,
given by CEO Geoff Cook and CFO David Clark, will be available via
webcast on the Investor Relations section of the Company’s website, www.meetmecorp.com.

The conference is being held at the Palace Hotel in New York, NY on
Wednesday, May 28 and Thursday, May 29, 2014.

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With 75 percent of traffic coming
from mobile, MeetMe is fast becoming the social gathering place for the
mobile generation. The Company operates MeetMe.com and
MeetMe apps on iPhoneiPad,
and Android in
multiple languages including English, Spanish, Portuguese, French,
Italian, German, Chinese (Traditional and Simplified), Russian,
Japanese, Dutch, Turkish and Korean.

MeetMe, Inc.
Investor contact:
Gregory FCA
Joe
Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Launches Icebreakers to Drive Chat

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, has released Icebreakers, a new feature for the MeetMe iPhone
app that makes it easier for users to start a chat.

Icebreaker - Chat Screen (Photo: Business Wire)

Icebreaker – Chat Screen (Photo: Business Wire)

“Icebreakers solves the problem of the empty chat screen,” said Geoff
Cook, CEO of MeetMe. “Rather than starting conversations with a generic
‘Hi’ or ‘What’s up,’ or possibly not starting them at all for lack of
knowing what to say, Icebreakers makes sending an engaging first chat as
simple as one tap. We believe it has the potential to increase both the
number and quality of chats, leading to more replies and ultimately
higher user engagement.”

The feature offers approximately 400 icebreakers in eight different
categories. Users can simply select one, tap once, and initiate a chat.
The Company expects to launch Icebreakers for Android in the coming
weeks.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NASDAQ: MEET). MeetMe
makes meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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 Icebreakers will make it easier for users to
start a chat, whether it will solve the problem of the empty chat
screen, whether it will enable engaging chats, and whether it will
increase the number and quality of chats, leading to more replies and
higher user engagement, and if and whether we will successfully launch
Icebreakers for Android. 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,” “will,” “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. 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:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Reports First Quarter 2014 Financial Results

  • Total First Quarter Revenue increased 22% year-over-year to $9.5
    million
  • First Quarter Mobile Revenue increased 144%

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe®, Inc. (NASDAQ: MEET), the public market leader in
social discovery, today reported financial results for the first quarter
ended March 31, 2014.

First Quarter 2014 Financial Highlights

  • Total revenue was $9.5 million, up 22% from the first quarter of 2013.
  • Mobile revenue was $4.7 million, up 144% from the first quarter of
    2013.
  • Mobile revenue represented nearly 50% of total revenue, the highest
    proportion in MeetMe’s history.
  • Mobile average revenue per user (ARPU) was $1.92, up 134% from $0.82
    in the first quarter of 2013, and exceeding web ARPU for the second
    consecutive quarter.
  • Mobile average revenue per daily active user (ARPDAU) was $0.068, up
    145% from $0.028 in the first quarter of 2013.
  • Adjusted EBITDA was a loss of $500 thousand compared to a loss of $1.7
    million in the first quarter of 2013. For the first quarter, the
    company reported a net loss of $3.4 million compared to a net loss of
    $7.3 million for the first quarter of 2013. (See the important
    discussion about the presentation of non-GAAP financial measures, and
    reconciliation to the most directly comparable GAAP financial
    measures, below.)

Geoff Cook, Chief Executive Officer of MeetMe, said, “The mobile
monetization products launched in 2013 drove encouraging first quarter
results, and I believe the recent and upcoming engagement-oriented
launches will drive results into 2015. As I’ve stated previously, our
primary goal in 2014 is to grow mobile daily active users. We have made
considerable progress towards that goal in recent weeks with the launch
of significant updates to Chat and with the launch of ephemeral photo
sharing on MeetMe. Since those launches, mobile DAU has averaged
852,000, an increase of 10% over the average in the first quarter. I am
excited at the strength of the product pipeline with its continued focus
on increasing the number of chats, continually improving the chat
experience, and making it easy to discover new people with whom to chat.
We believe these efforts will continue to drive DAU and ultimately
mobile revenue.”

David Clark, Chief Financial Officer of MeetMe, added, “As anticipated,
first quarter mobile revenue growth of 144% offset declining web
revenues, leading to a 22% growth in total revenue. In addition, the
bottom line continued its recent trend of steady year-over-year
improvement. With $394,000 of cash flow from operating activities in the
quarter, we believe our financial condition remains solid. Based on the
success of our mobile strategy, the significant growth in spending on
mobile advertising, the brand recognition that is leading to
partnerships with social media leaders such as Sprint’s Pinsight Media,
and the promise of our new mobile features and standalone apps, we
believe we have established the foundation of a franchise with
significant long term potential in a rapidly expanding market.”

Webcast and Conference Call Details

Management will host a webcast to discuss first quarter 2014 financial
results today at 10:30 AM Eastern time. 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 will be available for 90 days. Interested parties unable to
access the conference call via the webcast may dial 1-888-317-6003 and
reference ID#: 5988680.

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 meeting new people fun through social games and
apps, monetized by both advertising and virtual currency. With 75
percent of traffic coming from mobile, MeetMe is fast becoming the
social gathering place for the mobile generation. The Company operates MeetMe.com and
MeetMe apps on iPhoneiPad,
and Android in
multiple languages including English, Spanish, Portuguese, French,
Italian, German, Chinese (Traditional and Simplified), Russian,
Japanese, Dutch, Turkish and Korean.

Cautionary Note Regarding Forward Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including statements regarding the future success of our mobile
monetization products, our ability to launch new product releases,
including engagement-oriented releases, as anticipated and, if so, their
effectiveness at driving results, the strength of our product pipeline
and whether it will increase the number of chats, improve the chat
experience or make it easier to discover new people, whether our product
efforts will drive DAU and mobile revenue, whether mobile revenue will
continue to increase and if so, whether it will continue to offset
declining web revenue, whether our bottom line will continue to improve,
whether our financial condition will remain solid, whether we will
achieve top line growth for the year, and whether we have established
the foundation of a franchise with significant long term potential in a
rapidly expanding market are forward-looking statements. 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,” “is likely,” “will,” “expect” and similar expressions, as
they relate to us, are intended to identify forward-looking statements.
We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends
that we believe may affect our financial condition, results of
operations, business strategy and financial needs. Important factors
that could cause actual results to differ from those in the
forward-looking statements include the risk that we will not be able to
launch products and updates as anticipated, the risk that our
applications will not function easily or otherwise as anticipated, the
risk that unanticipated events affect the functionality of our
applications with popular mobile operating systems, 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 SEC, including the Form 10-K for the year ended
December 31, 2013. 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 above.

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
March 31, 2014
 

December 31, 2013

Assets
Current Assets
Cash and cash equivalents $ 5,786,227 $ 6,330,532

Accounts receivable, net of allowance of $450,000 and $495,000 at
March 31, 2014 and December

31, 2013, respectively

8,586,432 10,136,929
Prepaid expenses and other current assets   662,614   597,133
Total current assets 15,035,273 17,064,594
 
Goodwill 70,646,036 70,646,036
Intangible assets, net 4,298,358 4,787,941
Property and equipment, net 2,313,186 2,871,800
Other assets   167,500   205,869
Total assets $ 92,460,353 $ 95,576,240
 
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable $ 3,106,383 $ 3,331,484
Accrued expenses and other liabilities 3,137,496 3,262,327
Deferred revenue 264,837 275,761
Current portion of capital leases 914,877 928,181
Current portion of long-term debt   1,650,608   2,333,966
Total current liabilities 9,074,201 10,131,719
 
Long term capital leases, less current portion, net 496,811 713,699
Long term debt, less current portion, net 2,359,780 2,102,842
Other Liabilities   1,000,993   819,930
Total liabilities   12,931,785   13,768,190
 
Commitments and Contingencies (see Note 8)
 
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, 2013 and 2012, respectively

1,000 1,000

Common stock, $.001 par value; authorized – 100,000,000 shares;
38,566,589 and 38,477,359

shares issued and outstanding at March 31, 2014 and December 31,
2013, respectively

38,570 38,481
Additional paid-in capital 283,613,085 282,496,996
Accumulated deficit (203,533,436) (200,110,075)
Accumulated other comprehensive loss   (590,651)   (618,352)
Total stockholders’ equity   79,528,568   81,808,050
Total liabilities and stockholders’ equity $ 92,460,353 $ 95,576,240
 
See notes to consolidated financial statements included in the March
31, 2014 10-Q filing.
 
 
MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(UNAUDITED)
       
Three Months Ended March 31,
2014 2013
 
Revenues $ 9,503,504 $ 7,805,632
Operating Costs and Expenses:
Sales and marketing 2,159,088 1,986,693
Product development and content 6,857,440 6,383,444
General and administrative 1,929,645 2,400,259
Depreciation and amortization 1,085,459 1,082,944
Acquisition and restructuring costs 120,202 1,894,417
Loss on debt restructure     1,174,269
Total Operating Costs and Expenses   12,151,834   14,922,026
Loss from Operations   (2,648,330)   (7,116,394)
Other Income (Expense):
Interest income 1,166 2,256
Interest expense (420,243) (213,840)
Change in warrant liability   (355,954)  
Total other income (expense)   (775,031)   (211,584)
Loss before income taxes (3,423,361) (7,327,978)
Income taxes    
Net loss $ (3,423,361) $ (7,327,978)
Preferred stock dividends $ $
Net Loss Allocable To Common Shareholders $ (3,423,361) $ (7,327,978)
 
Basic and diluted net loss per common share $ (0.09) $ (0.20)
Weighted average number of shares outstanding, basic and diluted 38,499,171   37,367,607
 
Net loss $ (3,423,361) $ (7,327,978)
Foreign currency translation, net   27,701   (17,327)
Comprehensive Loss $ (3,395,660) $ (7,345,305)
 
See notes to consolidated financial statements included in the March
31, 2014 10-Q filing.
 
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) FROM CONTINUING
OPERATIONS TO ADJUSTED EBITDA
(UNAUDITED)
         
Three Months Ended March 31,
2014 2013
Net loss from continuing operations allocable to common shareholders $ (3,423,361 ) $ (7,327,978 )
Interest expense 420,243 213,840
Change in warrant liability 355,954
Depreciation and amortization 1,085,459 1,082,944
Amortization of stock based compensation 941,287 1,305,148
Acquisition and restructuring costs 120,202 1,894,417
Loss on debt restructure       1,174,269  
Adjusted EBITDA $ (500,216 ) $ (1,657,360 )
 
GAAP basic and diluted net loss per common shareholders $ (0.09 ) $ (0.20 )
Basic and diluted adjusted EBITDA per common shareholders $ (0.01 ) $ (0.04 )
Weighted average number of shares outstanding, basic and diluted   38,499,171     37,367,607  

Gregory FCA
Joe Hassett, 610-228-2110
joeh@gregoryfca.com

Source: MeetMe, Inc.

MeetMe Sets First Quarter 2014 Conference Call for Thursday, May 8 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 management will host a conference call on Thursday, May
8, 2014 at 10:30 a.m. ET to discuss details and answer questions about
the company’s financial results for the first quarter ended March 31,
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.

Date: Thursday, May 8, 2014
Time: 10:30 a.m. ET
Dial-In
Number:
1-888-317-6003
Participant passcode: 5988680
Webcast
Link:
http://services.choruscall.com/links/meet140508.html

The webcast will be archived on MeetMe’s corporate site, http://www.meetmecorp.com,
and will remain available through August 8, 2014.

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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.

Gregory FCA
Joe Hassett, 610-642-8253
Senior Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Completes Launch of Major Mobile Chat Features

Increase in Mobile Daily Active User Engagement Indicated by Early
Data

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced it has completed integration of real-time
components and photo-sharing in Chat, the most popular feature of the
company’s flagship mobile app on both iOS and Android.

MeetMe CEO Geoff Cook said, “Since we first launched ephemeral photos in
mobile Chat on April 21, we have seen overall photo posting volume
increase by 26%. Now approximately 100,000 ephemeral photos are being
shared each day. In addition, we believe that launching real-time
capability within Chat has driven increased engagement. In the last two
weeks, chats sent per day in our mobile apps increased 31% vs. the Q1
average, and screen views in mobile Chat increased 23% vs. the Q1
average.”

“We believe this increase in chat and photo engagement has also driven
increased daily active users (DAU),” added Mr. Cook. “In the week after
we launched ephemeral photos in mobile Chat, our mobile DAU averaged
approximately 843,000, an increase of 9% over the Q1 average.”

The Chat updates reflect the company’s strategy to drive growth in DAU
through a more engaging messaging platform. The new ephemeral
photo-sharing feature in Chat allows users to send transient photos that
disappear after 3-10 seconds of being viewed. Additional enhancements
include real-time typing indicators, real-time message-read status
indicators, and the automatic real-time addition of new messages within
conversations (where previously users had to refresh the conversation
manually). All of these upgrades were designed to make mobile Chat
faster, more usable, and ultimately more engaging.

“We’re thrilled that MeetMe members seem to have embraced these feature
upgrades,” said Cook. “Adding photos to mobile Chat was one of our most
requested features, and early data shows nearly one of every four photos
shared through MeetMe is now ephemeral and sent in mobile Chat. With
this upgrade completed, we believe the MeetMe app delivers a very strong
chat experience for meeting new people across both iPhone and Android.
We look forward to launching additional features and feature upgrades
this year intended to drive traffic to an engaging Chat 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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With approximately 75 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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 experience growth with Chat,
whether overall photo posting volume will increase and if so to what
levels, whether the real-time components in mobile Chat will drive
significant growth in Chat engagement and if so to what extent, whether
any such increase in chat and photo engagement will drive increased
daily active users and if so to what extent, whether the company’s
strategy to drive DAU growth through a more engaging messaging platform
will succeed and if so to what extent, whether the upgrades will make
mobile Chat faster, more usable and more engaging, and whether the
MeetMe app will deliver a very strong chat experience for meeting new
people across iPhone and Android, whether we will launch additional
features this year and if so, whether they will drive traffic to a Chat.
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,” “will,” “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. 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.

MeetMe, Inc.
Press contact:
Fresh PR
Jeannine
Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Completes Rollout of Real-Time Chat on Android

MeetMe Begins Trading on NASDAQ under Ticker Symbol “MEET”

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, announced today that its shares have started trading on the
NASDAQ Capital Market under the ticker symbol “MEET.” Prior to today,
the company’s shares traded on the NYSE MKT under the same symbol.

“We are pleased to begin trading our shares on NASDAQ,” said David
Clark, MeetMe’s Chief Financial Officer. “We are happy to join NASDAQ’s
large list of growth-oriented technology companies. We look forward to
leveraging the exchange’s strong platform to reach investors around the
globe with our expectations for MeetMe’s mobile growth opportunity.”

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 meeting new people fun through social games and apps, monetized by
both advertising and virtual currency. With 70 percent of traffic coming
from mobile, MeetMe is fast becoming the social gathering place for the
mobile generation. The company operates MeetMe.com and MeetMe apps 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 can leverage NASDAQ’s strong platform to
reach investors around the globe with our expectations for mobile growth
opportunity. 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,” “will,” “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 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.
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.

MeetMe, Inc.
Press contact:
Fresh PR
Jeannine
Jacobi, 323-903-7063
jeannine@freshpr.net
or
Investor
contact:

Gregory FCA
Joe Hassett, 610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe to Move Stock Listing to NASDAQ

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
today announced that it will transfer its U.S. stock exchange listing to
the NASDAQ Capital Market. Trading in the company’s shares currently
takes place on the NYSE MKT. The company expects trading on NASDAQ to
begin on April 15, 2014. Until that time, trading will continue on the
NYSE MKT. The company will retain its current ticker symbol, “MEET,”
when trading begins on NASDAQ.

“We are excited about the move to NASDAQ,” said David Clark, MeetMe’s
Chief Financial Officer. “As mobile becomes an increasing part of our
business, we believe MeetMe is well positioned for growth, making NASDAQ
and its impressive roster of growth-oriented technology companies a
logical partner. In addition, NASDAQ provides a strong platform to reach
investors around the world, which we believe will enhance our market
visibility and contribute to increased liquidity.”

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The Company operates MeetMe.com and
MeetMe apps 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.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding whether mobile will become an
increasing part of our business, whether we are well positioned for
growth, and whether NASDAQ will provide a strong platform to reach
investors around the world, enhance our market visibility, and
contribute to increased liquidity. 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,” “will,” “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 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.
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:
Gregory FCA
Jessica Attanasio
Associate
Vice President
610-642-8253
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe to Present at Cowen and Company’s 42nd Annual Technology, Media & Telecom Conference

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
today announced that the Company will be presenting at Cowen
and Company’s 42nd Annual Technology, Media & Telecom Conference
.
This conference will be held at the Palace Hotel in New York, NY on
Wednesday, May 28 and Thursday, May 29, 2014.

David Clark, CFO of MeetMe, said, “We are very pleased that Cowen and
Company has invited us to participate in a conference that brings
together investors and companies in the Technology, Media and Telecom
industry. Participating in this conference places us squarely amongst
the ranks of leading companies we believe are helping to drive our
industry forward.”

A webcast of the Company’s presentation, given by CEO Geoff Cook and CFO
David Clark, will be available on the Investor Relations section of the
Company’s website, www.meetmecorp.com.
The time and date of the presentation will be announced when they become
available.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The Company operates MeetMe.com and
MeetMe apps 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.

MeetMe, Inc.
Press contact:
Gregory FCA
Jessica
Attanasio, 610-642-8253
Associate Vice President
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett, 610-642-8253
Senior
Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Begins Rollout of Major Chat Upgrade

Update will bring real-time interactions and ephemeral photos to popular
Chat feature

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
today announced major upgrades to Chat, the most popular feature of its
MeetMe app. Marking what the company believes is the most significant
upgrade to the MeetMe app since its launch, the changes include the
integration of real-time components and the launch of ephemeral
photo-sharing. These upgrades, aimed at increasing user engagement, are
rolling out to a small portion of Android users starting today. The
company plans to launch fully across both iPhone and Android by the end
of April. A demo of the new Chat feature is available at: http://youtu.be/7Zw5UzLZE4A

“The goal of this upgrade is to build the best chat experience for
meeting new people,” said Geoff Cook, CEO of MeetMe. “Chat is the most
used feature of the app, with 50 percent of our daily users sending a
message and more than 75 percent receiving a message every day. We
believe the power of chat features to drive engagement for mobile apps
is evident in WhatsApp’s industry-leading DAU-to-MAU ratio of nearly 70
percent. With this release, we are excited to launch both Snapchat-like
photo sharing inside of Chat, as well as real-time message delivery and
typing indicators. We believe a differentiated chat offering will retain
users longer and make it less likely they will migrate their
conversations to third-party chat apps.”

MeetMe’s new ephemeral photo-sharing option allows users to send
transient photos through the Chat feature. The sender can define an
amount of time within a range of 3-10 seconds for his or her photo to be
visible after being shared. Additionally, the upgraded Chat system adds
real-time elements such as auto-updating and real-time typing
indicators, replacing a system originally built upon a web-based
messaging architecture. Notably, with these updates, users will no
longer need to refresh the screen manually to see new messages.

Cook continued, “We believe this foundational upgrade will improve chat
volume and set the stage for DAU growth in 2014. Adding photos to Chat
is the number one most requested feature by our users based on a recent
survey, and we believe our users will appreciate the much faster and
easier Chat system. We will be ramping up the release slowly and in
stages over the next four weeks, beginning with a small percentage of
our Android user base today.”

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people
in the US and the public market leader for social discovery (NYSE MKT:
MEET). MeetMe makes meeting new people fun through social games and
apps, monetized by both advertising and virtual currency. With 70
percent of traffic coming from mobile, MeetMe is fast becoming the
social gathering place for the mobile generation. The company
operates MeetMe.com and MeetMe apps 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.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding whether we will effectively
complete the timely rollout of the anticipated upgrades and their
effectiveness, whether the upgrades will increase user engagement,
whether the upgrades will effectively bring real-time interactions and
ephemeral photos to the Chat feature, whether our offering will retain
users longer and make it less likely they will migrate their
conversations to third-party chat apps, whether our users will
appreciate the upgraded feature, and whether the upgrades will improve
chat volume and set the stage for DAU growth. 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,” “will,” “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 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.
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:
Gregory FCA
Jessica Attanasio
Associate
Vice President
610-642-8253
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Reports Fourth Quarter and Full Year 2013 Financial Results

  • Total Fourth Quarter Revenue increased 12% year-over-year to $13.0
    million as a result of a 128% increase in Mobile Revenue
  • Fourth Quarter Adjusted EBITDA of $2.4 Million, which is an 18.5%
    Adjusted EBITDA margin

NEW HOPE, Penn.–(BUSINESS WIRE)–
MeetMe®, Inc. (NYSE MKT:MEET), the public market leader in social
discovery, today reported financial results for the fourth quarter and
full year ended December 31, 2013.

Fourth Quarter 2013 Financial Highlights

  • Mobile average revenue per user (ARPU) exceeded web ARPU for the first
    time in Company history.
  • In line with recently upwardly revised expectations, total revenue was
    $13.0 million, a 12% increase from the fourth quarter of 2012.
  • Mobile revenue was up 128% from the year ago quarter to a record $5.1
    million, driven primarily by a significant increase in mobile
    advertising. Mobile represented nearly 40% of total MeetMe fourth
    quarter revenue, the highest proportion in Company history.
  • Adjusted EBITDA increased to $2.4 million, or 18.5% of total revenues,
    up from $977,000 in the fourth quarter of 2012. Net income for the
    quarter was $15,290. (See the important discussion about the
    presentation of non-GAAP financial measures, and reconciliation to the
    most directly comparable GAAP financial measures, below.)

Full Year 2013 Financial Highlights

  • Mobile revenue was a record of $12.6 million, up 106% from $6.1
    million in 2012.
  • Adjusted EBITDA was $1.8 million for the year. Over the final three
    quarters of the year, the Company generated Adjusted EBITDA of $3.5
    million. Net loss for 2013 was $11 million. (See the important
    discussion about the presentation of non-GAAP financial measures, and
    reconciliation to the most directly comparable GAAP financial
    measures, below.)
  • Cash and Cash Equivalents totaled $6.3 million at December 31, 2013,
    up from $5.0 million at December 31, 2012.

Geoff Cook, CEO of MeetMe, said, “We successfully built a number of
strong mobile monetization products in 2013, including advertising,
freemium, and subscription products. Our mobile native advertising
product, launched in March of 2013, accounted for 29% of mobile revenue
in the fourth quarter, as a result of both increased ad impressions and
stronger CPMs on native units versus traditional mobile banners.
Moreover, the fourth quarter was the first time in our Company’s history
that mobile ARPU exceeded web ARPU. Our mobile users login 100 times a
month on average, compared to nine times on the web, and we believe that
higher level of engagement now translates to higher levels of
monetization as a result of these successful new products.”

“Our primary goal in 2014 is to drive significantly more mobile daily
active users. The team is executing against an ambitious and exciting
product pipeline aimed at increasing both viral spread and engagement
among our users. Over the years, we have grown our audience from zero to
over one million daily users primarily on the basis of our repeated
success in creating new engaging products and then continually improving
them.”

“In the coming weeks, we intend to launch a dramatic overhaul of Chat,
our most important feature, to make it easier, faster, and more powerful
for meeting new people. We know Chat is the core of the MeetMe app, with
more than 50% of daily users sending a chat and more than 75% receiving
a chat every day. We also know some portion of users who discover each
other on MeetMe will leave MeetMe for dedicated messaging apps like
Whatsapp. We intend to dramatically upgrade our Chat feature in order to
retain users while at the same time differentiating it around the
meet-new-people use case. In particular, we plan to add real-time
components, including real-time typing and status indicators, to enhance
our current product. We also intend to enable ephemeral photo-sharing
directly within the chat conversation. The ability to share photos
within messages is one of the most requested features from users, and we
believe this product will enable increased messaging volume and
ultimately contribute to virality and improved DAU/MAU ratios.”

David Clark, Chief Financial Officer of MeetMe, added, “The fourth
quarter of 2013 represents an important inflection point as we returned
to year-over-year revenue growth driven by the strong performance of our
mobile strategy. This was also a successful earnings turnaround year,
beginning with positive Adjusted EBITDA in the second quarter and
culminating with positive GAAP earnings in the fourth quarter. The
significant improvement of our bottom line illustrates the earnings
potential in our business with fourth quarter Adjusted EBITDA increasing
144%, an Adjusted EBITDA margin of over 18% and our first quarter of
GAAP earnings in over five years. We expect to be EBITDA positive and
generate positive free cash flow before debt service in 2014. Our plan
for 2014 is to fund initiatives that we believe will drive user growth
and engagement that will create shareholder value over the longer term.”

Webcast and Conference Call Details

Management will host a conference call and audio webcast to discuss
fourth quarter 2013 financial results today at 10:30 AM Eastern Time.
During the conference call, management will also present the Company’s
revenue guidance estimates for 2014. Presentation materials will be
posted after the call on the Company’s website, www.meetmecorp.com,
in the Investors section under the “Presentations” tab. 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 will be available for 90 days. Interested parties unable to
access the conference call via the webcast may dial 1-888-317-6003 and
reference ID: 4559901#.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The Company operates MeetMe.com and
MeetMe apps on iPhoneiPad,
and Android in
multiple languages including English, Spanish, Portuguese, French,
Italian, German, Chinese (Traditional and Simplified), Russian,
Japanese, Dutch, Turkish and Korean.

Cautionary Note Regarding Forward Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including statements regarding new features and innovative apps and
whether such features and apps will drive increased mobile traffic and
revenue. All statements other than statements of historical facts
contained herein, including statements regarding the future success of
our mobile monetization products, including advertising, freemium, and
subscription products, future levels of monetization and the influence
of new products on monetization, our ability to drive more mobile daily
active users, the effectiveness of our product pipeline to increase
viral spread and user engagement, our ability to create new products and
continually improve them, whether we successfully upgrade our Chat
feature and the effectiveness of that upgrade, whether we can
successfully add ephemeral photo sharing to chat conversations and if so
whether it will result in increased messaging volume and ultimately
contribute to virality and improved DAU/MAU ratios, the future earnings
potential of our business, whether we will be EBITDA positive and
generate positive free cash flow before debt service in 2014, and
whether we will fund initiatives which will drive user growth and
engagement that creates shareholder value are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “will,” “expect” and similar expressions, as
they relate to us, are intended to identify forward-looking statements.
We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends
that we believe may affect our financial condition, results of
operations, business strategy and financial needs. Important factors
that could cause actual results to differ from those in the
forward-looking statements include the risk that we will not be able to
launch products and updates as anticipated, the risk that our
applications will not function easily or otherwise as anticipated, the
risk that unanticipated events affect the functionality of our
applications with popular mobile operating systems, 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 SEC, including the Form 10-K for the year ended
December 31, 2012 and the Current Reports on Form 8-K filed with the SEC
on May 1, 2013, October 1, 2013 and November 6, 2013. 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 above.

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
CONSOLIDATED BALANCE SHEETS

AS OF DECEMBER 31, 2013 AND 2012

(UNAUDITED)

 
2013 2012
Assets
Current Assets
Cash and cash equivalents $ 6,330,532 $ 5,022,007
Accounts receivable, net of allowance of $495,000 and $547,000, at
December 31, 2013 and December 31, 2012, respectively
10,136,929 15,744,789
Notes receivable 111,569
Prepaid expenses and other current assets   597,133   870,881
Total current assets 17,064,594 21,749,246
 
Goodwill 70,646,036 70,646,036
Intangible assets, net 4,787,941 6,746,273
Property and equipment, net 2,871,800 4,772,632
Other assets   205,869   520,480
Total assets $ 95,576,240 $ 104,434,667
 
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable $ 3,331,484 $ 3,528,607
Accrued expenses and other liabilities 3,262,327 3,213,115
Deferred revenue 275,761 392,612
Accrued dividends 69,455
Current portion of capital leases 928,181 648,573
Current portion of long-term debt   2,333,966   1,903,368
Total current liabilities 10,131,719 9,755,730
 
Long term capital leases, less current portion, net 713,699 1,058,230
Long term debt, less current portion, net 2,102,842 8,098,558
Other Liabilities   819,930  
Total liabilities   13,768,190   18,912,518
 
Commitments and Contingencies (see Note 9)
 
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, 2013 and 2012, respectively
1,000 1,000
Common stock, $.001 par value; authorized – 100,000,000 shares;
38,477,359 and 37,046,405 shares issued and outstanding at December
31, 2013 and 2012, respectively
38,481 37,050
Additional paid-in capital 282,496,996 275,261,794
Accumulated deficit (200,110,075) (189,211,750)
Accumulated other comprehensive loss   (618,352)   (565,945)
Total stockholders’ equity   81,808,050   85,522,149
Total liabilities and stockholders’ equity $ 95,576,240 $ 104,434,667
 
See notes to consolidated financial statements included in the
December 31, 2013 10-K filing.
 
 
MEETME, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

     
Three Months Ended December 31,

Years Ended December 31,

2013 2012 2013 2012
 
Revenues $ 13,016,106 $ 11,608,937 $ 40,378,007 $ 46,657,959
Operating Costs and Expenses:
Sales and marketing 2,393,167 2,367,564 7,799,077 8,467,158
Product development and content 7,117,098 6,905,722 26,660,709 29,510,917
General and administrative 2,115,897 3,337,527 7,875,395 9,663,323
Depreciation and amortization 1,106,621 1,073,330 4,387,464 3,962,290
Restructuring costs (469,011) 2,540,896 422,488
Loss on debt restructure       1,174,269  
Total Operating Costs and Expenses   12,732,783   13,215,132   50,437,810   52,026,176
Income (loss) from Operations   283,323   (1,606,195)   (10,059,803)   (5,368,217)
Other Income (Expense),net:
Interest income 1,869 2,811 9,725 16,569
Interest expense (269,902) (418,538) (848,247) (1,285,674)
Other income net         9,611
Total other expense   (268,033)   (415,727)   (838,522)   (1,259,494)
Income (loss) before income taxes 15,290 (2,021,922) (10,898,325) (6,627,711)
Income taxes        
Net income (loss) from continuing operations $ 15,290 $ (2,021,922) $ (10,898,325) $ (6,627,711)
Loss from discontinued operations, net of taxes $ $ $ $ (3,680,627)
Net Income (loss) Allocable To Common Shareholders $ 15,290 $ (2,021,922) $ (10,898,325) $ (10,308,338)
 
Basic and diluted net loss per common shareholders:
Continuing operations $ 0.00 $ (0.05) $ (0.29) $ (0.18)
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.10)
Basic and diluted net loss per common shareholders $ 0.00 $ (0.05) $ (0.29) $ (0.28)
Weighted Average Number of Shares Outstanding, Basic and Diluted:   38,477,359   36,924,360   38,048,446   36,461,615
 
Net income (loss) $ 15,290 $ (2,021,922) $ (10,898,325) $ (10,308,338)
Foreign currency translation, net   (25,466)   (1,078)   (52,407)   (102,996)
Comprehensive Loss $ (10,176) $ (2,023,000) $ (10,950,732) $ (10,411,334)
 
See notes to consolidated financial statements included in the
December 31, 2013 10-K filing.
 
 
MEETME, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) FROM CONTINUING
OPERATIONS TO ADJUSTED EBITDA

(UNAUDITED)

       
Three Months Ended December 31, Years Ended December 31,
2013 2012 2013 2012
 
Net loss from continuing operations allocable to common shareholders $ 15,290 $ (2,021,922 ) $ (10,898,325 ) $ (6,627,711 )
 
Interest expense 269,902 418,538 848,247 1,285,674
Depreciation and amortization 1,106,621 1,073,330 4,387,464 3,962,290
Amortization of stock based compensation 996,477 976,740 3,758,043 3,881,896
Loss on contingency for lawsuit settlements 1,000,000 1,000,000
Acquisition and restructuring costs (469,011 ) 2,540,896 422,488
Loss on debt restructure         1,174,269      
Adjusted EBITDA $ 2,388,290 $ 977,675   $ 1,810,594   $ 3,924,637  
 
GAAP Basic and diluted net loss per common shareholders $ 0.00 $ (0.05 ) $ (0.29 ) $ (0.18 )
Basic Adjusted EBITDA per common shareholders $ 0.06 $ 0.03   $ 0.05   $ 0.11  
Diluted Adjusted EBITDA per common shareholders $ 0.06 $ 0.02   $ 0.04   $ 0.09  
 
 
Weighted average number of shares outstanding, Basic   38,477,359   36,924,360     38,048,446     36,461,615  
Weighted average number of shares outstanding, Dilutive   40,694,677   40,815,708     40,375,214     41,514,224  
 

ForMeetMe:
Gregory FCA
Joe
Hassett, 610-228-2110
joeh@gregoryfca.com

Source: MeetMe®, Inc.

MeetMe to Present at Upcoming Investor Conferences

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
today announced that the Company will be participating in two upcoming
investor conferences.

  • The
    26th Annual ROTH Conference
    . This conference will be held at the
    Ritz-Carlton in Laguna Niguel, CAMarch 9-12, 2014. The Company will
    be giving its presentation on Tuesday, March 11, 2014 at 4:00 PM
    Pacific Time. The presentation by CEO Geoff Cook, CFO David Clark, and
    co-founder and VP of Brand Strategy Catherine Cook will be webcasted
    during the event [http://wsw.com/webcast/roth28/meet]
    and will be available on the Investor Relations section of the
    Company’s website, www.meetmecorp.com.
  • Northland
    Capital Markets 2014 Growth Conference
    . This conference will be
    held at the Omni Berkshire Place Hotel in New York, NY on Wednesday,
    March 12, 2014. CEO Geoff Cook and CFO David Clark are scheduled for
    one-on-one and small group meetings throughout the day. This event
    will not be webcast. To schedule a one-on-one or small group meeting
    with CEO Geoff Cook and CFO David Clark, please contact your Northland
    Capital Markets representative.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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.

Press contact:
Gregory FCA
Jessica Attanasio
Associate
Vice President
610-642-8253
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Sets Fourth Quarter and Fiscal Year 2013 Conference Call for Friday, March 14 at 10:30 a.m. Eastern Time

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT:MEET), the public market leader for social discovery,
today announced management will host a conference call on Friday, March
14, 2014 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, 2013.

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.

Date: Friday, March 14, 2014
Time: 10:30 a.m. ET
Dial-In
Number:
1-888-317-6003
Participant passcode: 4559901#
Webcast
Link:
http://services.choruscall.com/links/meetme.html

The webcast will be archived on MeetMe’s corporate site, http://www.meetmecorp.com,
and will remain available through June 14, 2014.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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.

Gregory FCA
Joe Hassett, 610-642-8253
Senior Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Co-Founder and Vice President of Brand Strategy to Speak at SXSW

Catherine Cook will address difficulties faced by female entrepreneurs

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc.
(NYSE MKT:MEET), the public market leader for social discovery,
announced today that Co-founder and Vice President of Brand Strategy
Catherine Cook will speak this week at SXSW. Cook’s presentation, titled
Starting
Up in a Man’s World
,” will focus on some of the challenges female
entrepreneurs face when launching a tech startup.

“Starting Up in a Man’s World” will highlight the traits unique to women
that can be huge strengths in the entrepreneurial journey through the
male-dominated tech industry. In her presentation, Cook will share her
personal story – from co-founding her own company at the age of 15 years
old to being on the management team of a successful, publicly-traded
company today.

“There are very few female entrepreneurs and leaders, especially in the
tech industry,” said Cook. “While being a woman might seem like a
disadvantage in that regard, I believe that women actually possess many
qualities that can make us much stronger entrepreneurs. My ultimate goal
is to empower potential female entrepreneurs and help them recognize
those valuable qualities.”

Cook’s presentation, part of the Future15 series, will be on Friday,
March 7th at 3:30 p.m. in Ballroom F of the Austin Convention
Center.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT:MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70% of traffic
coming from mobile, MeetMe is fast becoming the social gathering place
for the mobile generation. The company operates MeetMe.com and MeetMe
apps 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.

Press:
Gregory FCA
Jessica Attanasio, 610-642-8253
Associate
Vice President
Jessica@GregoryFCA.com
or
Investor:
Gregory
FCA
Joe Hassett, 610-642-8253
Senior Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe’s Choosy Mobile App Now Available on iOS

Over Two Million Questions Answered on Android to Date

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: MEET), the public market leader for social discovery,
announced that its people discovery app Choosy is now available for
iPhone users. MeetMe launched Choosy for Android at the end of last year
as part of the company’s stand-alone application strategy, and it has
consistently ranked in the top 50 in the free social category in the
Google Play Store.

Choosy drives high-quality interactions by helping users show off their
personalities to find matches. The application provides users with a
list of ice-breaker questions to eliminate the flood of useless messages
common to other social apps. If an answer is accepted by the user who
posed the original question, the two users can then chat within the app.

“Since the recent launch of Choosy on Android, over two million
questions have been answered,” says Geoff Cook, CEO of MeetMe. “We
recently crossed 100,000 installs on Android, and now we are thrilled to
make the app available to our iOS users as well.”

Choosy is now available for download in the iTunes
Store
and in
the Google Play Store
.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 70% of traffic
coming from mobile, MeetMe is fast becoming the social gathering place
for the mobile generation. The company operates MeetMe.com and MeetMe
apps 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.

Cautionary Note Concerning Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including statements regarding expected performance of the Choosy
application, whether it will drive high-quality interactions or help
users show off their personalities, its ability to connect people with
icebreaker questions, and whether it will eliminate the flood of useless
messages common to other social apps. All statements other than
statements of historical facts contained herein, including statements
regarding the continued growth in our core platform, are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “will,” “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 include the risk that users
will not accept our mobile application or that not enough people will
use the application to create a large pool of other users, thereby
diminishing the experience for the application’s users, the risk that
our new application will not function easily or otherwise as
anticipated, the risk that unanticipated events affect the functionality
of our application with popular mobile operating systems, any changes in
such operating systems that degrade our mobile application’s
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 SEC, including the Form 10-K for the
year ended December 31, 2012 and the Current Reports on Form 8-K filed
with the SEC on May 1, 2013, October 1, 2013 and November 6, 2013. 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:
Gregory FCA
Jessica Attanasio
Associate
Vice President
610-642-8253
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe to Present at the JMP Securities Technology Conference on March 4, 2014

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT: 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 3-4, 2014. The Company will be giving its
presentation on Tuesday, March 4, 2014 at 2:30 PM Pacific Time.

The presentation by CEO Geoff Cook and CFO David Clark will be webcasted
during the event [http://wsw.com/webcast/jmp23/MEET]
and will be available on the Investor Relations section of the company’s
website, www.meetmecorp.com.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT: MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 60 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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.

Press contact:
Gregory FCA
Jessica Attanasio
Associate
Vice President
610-642-8253
Jessica@GregoryFCA.com
or
Investor
contact:

Gregory FCA
Joe Hassett
Senior Vice President
610-642-8253
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

MeetMe Survey Reveals Valentine’s Day Changed by Mobile Apps

89 percent of people prefer to start out relationships as friends

NEW HOPE, Pa.–(BUSINESS WIRE)–
MeetMe,
Inc. (NYSE MKT:MEET), the public market leader for social discovery,
today announced results from its 12,000-person survey of Valentine’s Day
habits. The survey reveals Valentine’s Day 2014 is about social media
and mobile technology more than ever before, but that some things never
change.

“94 percent of women and 84 percent of men prefer to start out as
friends,” says Catherine Cook co-founder and VP of brand strategy at
MeetMe. “People prefer to begin relationships casually as friends and
let them evolve naturally into something more. The survey shows that
“making new friends” is the number one reason people use MeetMe today.
We believe this illustrates the
fundamental problem with traditional dating sites
– that the best
way to start a quality relationship is as a friend.”

Some insights MeetMe found about Valentine’s Day habits include:

  • Online/mobile apps are by far the most common way to meet someone new.
  • Mobile apps make it easier both to meet new people and to expand the
    set of people to meet.
  • More people met their Valentine’s Day date online than offline this
    year.
  • 77 percent prefer a home-cooked meal to going to a restaurant this
    Valentine’s Day.
  • Only 15 percent of women spend more than $50 on Valentine’s Day, but
    35 percent of guys do.
  • Flowers and candy still matter, with 72 percent of women hoping to
    receive flowers or candy this Valentine’s Day.

This national survey was completed by MeetMe members online and on
iPhone and Android devices in February 2014, with 6,437 male and 5,910
female respondents.

About MeetMe, Inc.

MeetMe® is the leading social network for meeting new people in the US
and the public market leader for social discovery (NYSE MKT:MEET).
MeetMe makes meeting new people fun through social games and apps,
monetized by both advertising and virtual currency. With 60 percent of
traffic coming from mobile, MeetMe is fast becoming the social gathering
place for the mobile generation. The company operates MeetMe.com and
MeetMe apps 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.

Press:
Gregory FCA
Jessica Attanasio, 610-642-8253
Associate
Vice President
Jessica@GregoryFCA.com
or
Investor:
Gregory
FCA
Joe Hassett, 610-642-8253
Senior Vice President
JoeH@GregoryFCA.com

Source: MeetMe, Inc.

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