NEW HOPE, PA -- (Marketwired) -- 04/30/13 -- MeetMe, Inc. (NYSE MKT: MEET), the public market leader for social discovery, announced today that Spencer Rhodes has accepted a position on the MeetMe Board of Directors.
Since 2008, Mr. Rhodes has been Chief Operating Officer and Head of Business Development for Tradewinds Investment Management, a hedge fund management firm. Prior to Tradewinds, he was with BlackRock. In 2007, Mr. Rhodes co-founded the Harvard Business School Alumni Angels investment group, which now has 15 chapters globally. He has been an officer, angel investor, or advisor to CyberEdit.com, RepairPal.com, Grouply.com, and myYearbook. Mr. Rhodes has served on the Board of Directors of the Harvard Alumni Association and on the Board of Sierra Molecular Corporation, a biotechnology company whose products are distributed by Thermo Fisher. He is a Certified Investment Management Analyst (CIMA) and earned BA and MBA degrees from Harvard University.
"We are pleased to have Spencer join the MeetMe Board of Directors," said Geoff Cook, Chief Executive Officer. "Spencer was an early angel investor in myYearbook, played a critical role in securing that company's venture capital, and facilitated a portion of the required financing at the time of the merger of Quepasa and myYearbook. As a long-term investor, he is already familiar with our company, and brings considerable experience evaluating social media and mobile companies."
From 2006 to late 2011, Mr. Rhodes was an angel investor, Board observer, and advisor for myYearbook, which merged with Quepasa Corporation in November 2011 and subsequently rebranded to MeetMe.
Mr. Rhodes replaces Rick Lewis, who informed the Board of his intent to step down earlier this month.
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in the US and the public market leader for social discovery (NYSE MKT: MEET). 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 more than a dozen languages.
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