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MeetMe Announces New Board Member
|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
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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