2014

AYI Launches Native Android Application and Integrates Friend of Friends Feature into iPhone Application

NEW YORK, May 8, 2013 /PRNewswire/ -- Snap Interactive, Inc. (OTCBB: STVI), is excited to announce the launch of the AYI native Android® application along with integration of the popular Friends of Friends feature on AYI's mobile-web and iPhone® application.

(Photo: http://photos.prnewswire.com/prnh/20130508/NY09602 )

Since the recent launch of AYI's first native Android application, the number of subscription transactions by new subscribers increased approximately 30% from the daily average in the first quarter of 2013.  While Android has historically only represented a small percentage of our business (approximately 3%), we are encouraged by the early results and, therefore, plan to expand our focus to acquiring users for our Android platform.

The native Android application is a significant enhancement to AYI's previous Android application.  Some of the new features and benefits include:

  • A new, streamlined interface;
  • Integration of Android interface elements and hardware buttons;
  • Improved landscape layout for keyboard devices; and
  • Better layout support for tablets.

Some features that we plan to develop include:

  • Full integration of our Friends of Friends feature set;
  • Device notifications of matches and messages;
  • Improved integration of interests; and
  • Additional profile editing options.

AYI's new Friends of Friends feature, which was launched in early March, has generated significant traction amongst the AYI users. More than 2 million connections have already been made through friends with over 72,000 users messaging their friends directly to learn about a potential date. Meeting through friends also continues to be a preferred method for women to meet men on AYI, as US women are approximately 40% more likely to message a man when they have friends in common. 

AYI plans to continue to build out the Friends of Friends feature on its mobile offerings, including the deeper integration of mutual friends and the ability to find friends in common for specific friends. AYI is uniquely positioned to offer the Friends of Friends functionality due to its scale on Facebook® Platform with over 20 million Facebook connected profiles.

About Snap Interactive, Inc.

Snap Interactive, Inc. ("SNAP") develops, owns and operates a social dating application for social networking websites and mobile platforms.  SNAP's flagship brand, AYI is one of the largest social dating applications on the Internet with millions of monthly active users on the Facebook platform, and offers a completely integrated Facebook, iPhone, Android, and Web application. With 51% of singles reporting 'bad' experiences when meeting people online, AYI's mission is to improve the experience of meeting new people by integrating a user's friends and interests to enable more meaningful connections. For more information, please visit http://www.snap-interactive.com/, its blog at http://devblog.snap-interactive.com, on Facebook at facebook.com/SnapInteractiveInc and on Twitter at @SNAPInteractive.

The contents of our websites are not part of this press release, and you should not consider the contents of these websites in making an investment decision with respect to our common stock.

Android® is a registered trademark of Google Inc. Facebook® is a registered trademark of Facebook, Inc. iPhone® is a registered trademark of Apple Inc. AYI® is a registered trademark of Snap Interactive, Inc.

PR Contact:
Kayla Inserra
Kayla@specopscomm.com
919-601-2247

IR Contact:
Denise Garcia
IR@snap-interactive.com

Forward-Looking Statements

This press release contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target," and variations of such words and similar expressions are intended to identify forward-looking statements.  Such forward-looking statements are subject to certain risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed by the forward-looking statements, including, but not limited to, the following: the ability to anticipate and respond to changing user and industry trends and preferences; reliance on a very limited number of third party platforms to run the Company's applications and the ability of third party platforms to take action against these applications; the intense competition in the online dating marketplace; the ability to establish and maintain brand recognition; the ability to develop and support successful applications for mobile platforms; the success of the redesigned AYI brand and product; the success of the new FOF feature on the AYI product; the effect of social features and branding on user engagement and conversion; the success of the native Android application; and circumstances that could disrupt the functioning of the Company's applications and websites.  In evaluating these statements, you should carefully consider these risks and uncertainties and those described under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other Securities and Exchange Commission filings.

All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

SOURCE SNAP Interactive, Inc.



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http://www.snap-interactive.com

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