NEW HOPE, Pa.--(BUSINESS WIRE)--MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, today announced it has launched cross-promotional placements in both its MeetMe and Skout applications allowing each app to promote the other. The placements can be seen throughout popular sections and features on both applications.
“In recent days, MeetMe and Skout have driven about ten thousand installs to each other per day, representing a substantial marketing synergy,” said Geoff Cook, CEO of MeetMe. “In addition, because the apps and their core users are so similar, we believe these installs perform better than average in terms of likelihood to sign up and to stay active.”
Added Cook, “This is only the beginning of the integration of the Skout and MeetMe apps. We expect to start displaying MeetMe users inside of Skout and Skout users inside of MeetMe, along with the ability to chat seamlessly across the two platforms, by the end of the current first quarter.”
About MeetMe, Inc.
Through its MeetMe® and Skout® mobile apps and websites, MeetMe is a leading social network for meeting new people in the US and a public market leader for social discovery (NASDAQ: MEET). MeetMe makes it easy to discover new people to chat with on mobile devices. With approximately two 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, user credits, and subscriptions. MeetMe’s apps are available on iPhone, iPad, and Android in multiple languages worldwide. For more information, please visit meetmecorp.com.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the cross-promotional placements will promote our apps as intended, whether MeetMe and Skout will continue to drive installs to each other and if so at what rate, whether the cross-promotional installs will perform better than average in terms of likelihood to sign up and to stay active, whether we will continue to integrate our Skout and MeetMe apps as anticipated, and whether will start displaying MeetMe users inside of Skout and Skout users inside of MeetMe, along with the ability to chat seamlessly across the two platforms, by the end of the current first quarter. 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.