Merger Integration Complete with Transition of Quepasa.com Users to the MeetMe Platform
NEW HOPE, PA – October 8, 2012 – MeetMe, Inc. (MEET: NYSE MKT), the public market leader for social discovery, today announced that the transition of Quepasa.com users to the MeetMe platform is complete. MeetMe is now a single global brand. This transition marks the final step of the November 2011 merger between Quepasa Corporation and Insider Guides, Inc., DBA myYearbook.
“We are excited to complete the final step of the merger integration plan that we laid out in April,” said John Abbott, CEO of MeetMe, Inc. “Now all of our Latin-American users have access to our mobile products for the first time. With the merger integration now complete, we look forward to launching MeetMe in additional languages while continuing our rapid pace of product innovation.”
“In less than one year, the company realized the vision behind the merger: creating a single global brand for meeting new people,” said Geoff Cook, COO, MeetMe, Inc. “To achieve today’s announced transition of Quepasa.com users to the MeetMe platform, the team executed against an ambitious schedule and achieved every milestone. We are pleased that we have managed to grow US traffic to record levels while at the same time growing our share of international audience.”
In mid-August, the company launched in Spanish and Portuguese across all platforms and indicated MeetMe would be in a half dozen languages by the end of the year.
“In September, growing off a small base, MeetMe unique visitors from Brazil increased 800%, from Mexico increased 3000%, and from Spain increased 1900% compared to June,” added Cook. “We are excited to continue our momentum in these countries with the transition of Quepasa.com users to the MeetMe platform.”
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 continuing our rapid pace of product innovation, launching in half a dozen languages by the end of the year and continuing our momentum in Brazil, Mexico and Spain. 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 which affect the internationalization of the platform, unanticipated events which affect our ability to execute our plan to add languages to our platform and the continued acceptance of our products by users. 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.
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. With 60% of traffic coming from mobile, MeetMe is fast becoming the social gathering place for the mobile generation. The company operates MeetMe.com and MeetMe apps on iPhone, iPad, and Android in English, Spanish and Portuguese.
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