MeetMe Achieves New Mobile Traffic Record of One Million Daily Active Users
July 29 2014 - 9:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, set new records on Monday of this week for the number of
daily active users (DAU) on mobile. For the first time in MeetMe’s
history, more than one million unique mobile users logged in on a
single day.
“It took us seven years to reach 800,000 mobile daily active
users. It took us another 19 months to reach 900,000 users, and
then just six more weeks to reach one million users,” said MeetMe
CEO Geoff Cook. “We believe our exciting pipeline of new features
will continue to make MeetMe the best app for finding new chat
partners.”
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 the rate at which we will obtain
daily active users in the future and whether our pipeline of new
features will make MeetMe the best app for finding new chat
partners. 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 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 PRJeannine Jacobi,
323-903-7063jeannine@freshpr.netorInvestors:MKR Group
Inc.Todd Kehrli, 323-468-2300meet@mkr-group.com
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