|By Business Wire||
|August 15, 2014 09:01 AM EDT||
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.
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