MeetMe Revamps iPad App
January 12 2015 - 9:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), the public market leader for social
discovery, has updated its iPad app. The new iPad app streamlines
the mobile experience across devices and includes simpler
navigation and real time chat. The updated app for iPad also has a
similar appearance to MeetMe’s iPhone and Android apps.
“This update unifies the MeetMe experience across more mobile
devices and makes future changes easier,” said Geoff Cook, CEO of
MeetMe. “We look to continue improving our mobile experience across
a range of devices to provide the best possible experience for our
users. With this update, we are also laying the foundation for
monetization of our iPad app in the coming weeks, when we plan to
launch advertising and virtual currency on iPad. These expected
revenues are included in our previously announced 2015 guidance of
annual revenue growth to between $47 million to $53 million and
annual adjusted EBITDA growth to between $7 to $10 million.”
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in
the US and the public market leader for social discovery (NASDAQ:
MEET). MeetMe makes it easy to discover new people to chat with on
mobile devices. With approximately 80 percent of traffic coming
from mobile and more than one million total daily active users,
MeetMe is fast becoming the social gathering place for the mobile
generation. The company is a leader in mobile monetization with a
diverse revenue model comprising advertising, native advertising,
virtual currency, and subscription. MeetMe apps are available on
iPhone, iPad, and Android in multiple languages, including English,
Spanish, Portuguese, French, Italian, German, Chinese (Traditional
and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For
more information, please visit meetmecorp.com.
Cautionary Note Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including whether this update will streamline
the mobile experience across devices and make navigation and real
time chat simpler, whether this update will make future changes
easier, whether we will continue improving our mobile experience
across a range of devices to provide the best possible experience
for our users, whether this update will serve as the foundation for
monetization of our iPad app as anticipated and whether such
monetization will occur in the anticipated timeframe, whether we
will launch advertising and virtual currency on iPad and the timing
of such launch, and whether our 2015 annual revenue and adjusted
EBITDA will grow as anticipated to the respective amounts
projected. All statements other than statements of historical facts
contained herein are forward-looking statements. The words
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “project,” “is
likely,” “expect” and similar expressions, as they relate to us,
are intended to identify forward-looking statements. We have based
these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the risk that our applications
will not function easily or otherwise as anticipated, the risk that
we will not launch additional features and upgrades as anticipated,
the risk that unanticipated events affect the functionality of our
applications with popular mobile operating systems, any changes in
such operating systems that degrade our mobile applications’
functionality and other unexpected issues which could adversely
affect usage on mobile devices. Further information on our risk
factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year
ended December 31, 2013, the Prospectus Supplement (Rule 424(b)(5))
filed on July 24, 2014, and the Current Report on Form 8-K filed on
December 29, 2014. Any forward-looking statement made by us herein
speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from time
to time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
Press:Fresh PRJeannine Jacobi,
323-903-7063jeannine@freshpr.netorInvestors:MKR Group
Inc.Todd Kehrli, 323-468-2300meet@mkr-group.com
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