MeetMe Announces New Board Member
August 15 2014 - 09:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, today announced that Jason Whitt has been appointed to
the company’s board of directors.
“We are excited to add Jason to our board of directors,” said
Geoff Cook, Chief Executive Officer of MeetMe. “Jason brings a
strong product mindset and a wide variety of business development
expertise. Jason’s background in mobile and digital media make him
a strong addition to our board as we execute on our mobile growth
plan. We look forward to many contributions to come.”
Mr. Whitt currently serves as Senior Vice President of Corporate
and Business Development for ReachLocal, Inc., a leader in powering
digital marketing for local businesses. Prior to that, he was with
VantagePoint Venture Partners, where he focused on investments in
Internet/digital media, cloud delivered software & services,
mobile, consumer-oriented technology and healthcare IT. Prior to
VantagePoint, Mr. Whitt was responsible for acquisitions, venture
investing, and corporate strategy for Cisco Systems’ Corporate
Business Development group, where he led numerous transactions
involving communications software and applications, enterprise
collaboration, mobile/wireless, Internet/digital media, and
consumer technology companies.
Mr. Whitt added, “MeetMe’s growing mobile traffic and revenue
speak to the enormous opportunity to build a global brand for
meeting new people. I am impressed by MeetMe’s focus on making it
as easy as possible for mobile users to find new chat partners. I
look forward to working with Geoff and the MeetMe team to capture
the opportunity in front of us.”
The appointment of Mr. Whitt returns the board’s size to six
members. Mr. Whitt replaces Alonso Ancira, who had served on
MeetMe’s board from November 2006 until the Annual Meeting of
stockholders held on August 11, 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 it easy to discover new people to chat with on
mobile devices. With approximately 80 percent of traffic coming
from mobile and more than one million total daily active users,
MeetMe is fast becoming the social gathering place for the mobile
generation. MeetMe is a leader in mobile monetization with a
diverse revenue model comprising advertising, native advertising,
virtual currency, and subscription. MeetMe apps are available on
iPhone, iPad, and Android in multiple languages, including English,
Spanish, Portuguese, French, Italian, German, Chinese (Traditional
and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For
more information, please visit meetmecorp.com.
Cautionary Note Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including whether we will execute on our mobile
growth plan, whether our mobile traffic and revenue will grow,
whether the opportunity is enormous and we will capture it, and
whether MeetMe will make it as easy as possible for mobile users to
find 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,” “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.
Investor Contact:MKR Group, Inc.Todd Kehrli or Jim
Byers323-468-2300meet@mkr-group.com
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