NEW HOPE, Pa.--(BUSINESS WIRE)--
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, today announced it has begun rolling out new functionality that enables the user bases of its two primary apps, MeetMe and Skout, to chat with each other seamlessly. With the completion of this latest rollout, users will be able to browse the combined user bases, view profiles and photos from both apps, and chat between the two platforms. MeetMe intends to complete the rollout across its mobile applications over the next month.
When the rollout is complete, MeetMe users will be able to chat with 60% more users, and Skout users will be able to chat with 162% more users than they were previously able to on MeetMe or Skout alone. The company believes this increase in user density has global implications, as Skout has an 80% international audience and a sizeable presence in a number of non-English speaking markets that MeetMe also serves.
“This release is another key milestone in our plan to maximize the potential of the Skout acquisition and lay the groundwork for others to come,” said Geoff Cook, CEO of MeetMe. “Most importantly, though, we believe it improves our users’ experience in a very real way by adding more people to chat with and meet. We believe this substantial increase in user density may lead to higher engagement and more sessions per day, as users will be able to find better, more relevant matches.”
About MeetMe, Inc.
Through its portfolio of brands, MeetMe (NASDAQ: MEET) is meeting the universal need for human connection. Using innovative products and sophisticated data science, MeetMe keeps its approximately two million daily active users engaged and originates untold numbers of casual chats, friendships, dates, and marriages. MeetMe offers advertisers the opportunity to reach customers on a global scale with hundreds of millions of daily mobile ad impressions. MeetMe utilizes high user density, economies of scale, and leading monetization strategies to maximize EBITDA. MeetMe’s apps are available on iPhone, iPad, and Android in multiple languages worldwide. 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 users will be able to browse our combined user bases, view profiles and photos from both the MeetMe and Skout apps, and chat between the two platforms, whether we will complete the roll-out across our mobile applications over the next month as anticipated, whether when the roll-out is complete MeetMe users will be able to chat with 60% more users, and Skout users will be able to chat with 162% more users than they were previously able to on MeetMe or Skout alone, whether this increase in user density will have global implications, whether we will maximize the potential of the Skout acquisition, whether this release will lay the groundwork for others to come, whether this release will improve our users’ experience in a very real way by adding more people to chat with and meet, whether this increase in user density will lead to higher engagement and more sessions per day, and whether users will be able to find better, more relevant matches. 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, any changes in popular mobile 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, 2015, the Form 10-Q for the quarter ended June 30, 2016 and the Form 8-K filed on October 4, 2016. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170222005507/en/
