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TheStreet Open House

MeetMe Completes Rollout Of Real-Time Chat On Android

Stock quotes in this article: MEET

MeetMe, Inc. (NASDAQ: MEET), the public market leader for social discovery, today announced the completion of its rollout of real-time chat on Android. The company has experienced gains in certain engagement data following the recent launch.

“We launched real-time chat on Android, our largest platform, first. Now the vast majority of our Android audience has adopted the real-time features,” said Geoff Cook, CEO of MeetMe. “Over the first half of April, chats sent per day on Android were up 18% vs. the Android Q1 average, and screen views in Chat were up 12% vs the Android Q1 average. Although this is early data, we’re excited to see this growth in Chat, our most popular feature, especially since we recently hit a milestone overall with 10 million chats sent in a 24 hour period.”

“We remain on track for completing the launch of both real-time chat and ephemeral photo-sharing inside Chat by the end of this month across both iPhone and Android,” noted Cook. “We expect to launch real-time components in the coming weeks on web as well. The early data suggests our users appreciate the improvements to the chat experience, and we are excited by the large improvements yet to come.”

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 will continue to experience growth with Chat, if and when we will complete the launch of real-time chat and ephemeral photo-sharing inside Chat on iPhone, Android and the web, whether our users will appreciate the improvements to the chat experience, and if and whether we will make additional improvements to the feature. 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.

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