MeetMe to Move Stock Listing to NASDAQ
April 03 2014 - 9:00AM
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 FCAJessica AttanasioAssociate Vice
President610-642-8253Jessica@GregoryFCA.comorInvestor
contact:Gregory FCAJoe HassettSenior Vice
President610-642-8253JoeH@GregoryFCA.com
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