NEW HOPE, PA - August 14, 2012 - MeetMe, Inc. (MEET: NYSE
MKT), the public market leader for social discovery, has
announced the launch of Spanish and Portuguese language
options on web and Android, with iPhone expected in the
coming weeks. The launch of these initial two languages
marks the first step toward internationalization of the
platform.
"This step triples the company's addressable market and
positions the company for the transition of Quepasa.com
users to the platform beginning in September," said Geoff
Cook, COO and President, Consumer Internet for MeetMe. "By
the end of the year, MeetMe will be available in a
half-dozen languages as the company executes on its mission
to build the global brand for meeting new people."
MeetMe partnered with Smartling, the leading Global
Delivery Network, on the internationalization effort. "With
over 1 million lines of MeetMe code in need of
internationalization, the project was a major one," noted
Cook. "Now with the first two languages completed, each
incremental language can be added much more quickly with
minimal developer involvement."
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new
people in the US and the public market leader for social
discovery (MEET: NYSE MKT). MeetMe makes meeting
new people fun through social games and apps,
monetized by both advertising and virtual
currency. The MeetMe brand grew out of the merger of
myYearbook and Quepasa in November 2011. With 60%
of traffic coming from mobile, MeetMe is transforming how
people discover one another in a mobile-first
world. The company
operates MeetMe.com, Quepasa.com,
and MeetMe apps
on iPhone, iPad,
and Android.
Cautionary Note Concerning Forward-Looking Statements
This press release includes forward-looking statements
within the meaning of the Private Securities Litigation
Reform Act of 1995 including statements regarding
expectations regarding the launch of Spanish and Portuguese
on the iPhone, internationalization, expectations regarding
additional languages being added by the end of the year,
and the transition of Quepasa.com users. All
statements other than statements of historical facts
contained in this press release, including statements
regarding our future financial position, liquidity,
business strategy and plans and objectives of management
for future operations, are forward-looking statements. The
words "believe," "may," "estimate," "continue,"
"anticipate," "intend," "should," "plan," "could,"
"target," "potential," "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 unanticipated events
affect the internationalization of the platform and the
launch of new languages including the Spanish and
Portuguese on the iPhone, the willingness of Quepasa.com
users to change to the MeetMe.com brand, and the
willingness of users to try new product offerings. Further
information on our risk factors is contained in our filings
with the SEC, including the Form 10-K for the year ended
December 31, 2011 filed on March 14, 2012. Any
forward-looking statement made by us in this press release
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.
-###-
Contact:
Robin Shallow
EVP Communications & Public Relations
MeetMe, Inc.
(215) 862-7823
robinmeetmecom(robinmeetmecom)
Follow us on Twitter @meetme
Investor Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor
Relations
MeetMe, Inc.
(215) 862-1162 x266
brianmeetmecom(brianmeetmecom)
Follow us on Twitter @meetmecorp
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