Agrees to Appoint Two New Independent Directors to The Meet Group’s
Board

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc. (NASDAQ: MEET), a public market leader in the
mobile meeting space, today announced that it has entered into a
cooperation agreement with Harvest Capital Strategies LLC and its
affiliates, which, in the aggregate, beneficially owns approximately
6.3% of The Meet Group’s outstanding shares, regarding the composition
of The Meet Group’s Board of Directors. Under the terms of the
agreement, The Meet Group has agreed to appoint to its Board two new
independent directors: Jim Parmelee, who has agreed to join the Meet
Group Board effective immediately, and a second director mutually
acceptable to The Meet Group and Harvest Capital to be identified within
the next ninety days.

Spencer G. Rhodes, The Meet Group’s Chairman of the Board, stated, “We
are pleased to have reached this cooperation agreement with Harvest
Capital, as we believe this outcome serves the best interests of The
Meet Group and its stockholders. We are also pleased to welcome Jim
Parmelee to our Board and look forward to the insights and experience he
will bring.”

Jeffrey B. Osher, the Managing Director of Harvest Capital, stated, “We
have spent considerable time with The Meet Group’s senior management
team and strongly support their strategy of creating a compelling
portfolio of mobile meeting apps. Under Geoff Cook’s leadership, The
Meet Group has methodically grown its global platform while delivering
consistent profitability and cash flow. We look forward to continuing
our collaboration with The Meet Group’s Board and senior management team
as they execute on their long-term growth initiatives and focus on
shareholder value creation.”

Pursuant to the cooperation agreement, Harvest Capital has agreed that,
until the certification of the shareholder vote at The Meet Group’s 2018
Annual Meeting of Stockholders, it will abide by certain customary
standstill provisions.

The cooperation agreement between The Meet Group and Harvest Capital
will be included as an exhibit to a Current Report on Form 8-K that The
Meet Group will file with the Securities and Exchange Commission.

Morgan, Lewis & Bockius LLP served as legal counsel to The Meet Group.
Olshan Frome Wolosky LLP served as legal advisor to Harvest Capital.

The Meet Group also announced today that it has appointed The
Blueshirt Group to lead its investor relations communications and
strategy. The Blueshirt Group is a leading tech-focused investor
relations firm that specializes in investor relations, IPO advisory,
financial communications, financial media relations and crisis
management.

About Jim Parmelee

Mr. Parmelee brings over 25 years of technology industry experience. He
is currently an advisor to Hamilton Robinson Capital Partners, a middle
market focused private equity firm. Jim was previously a Managing
Director in Peak Ten Management LLC, where he was responsible for the
firm’s investments in the software, Internet and technology
infrastructure verticals. Before Peak Ten, Jim was a Partner in Union
Square Advisors, an M&A advisory firm focused on the technology sector,
where he led the firm’s global Information Technology infrastructure
practice. Jim was previously a leading data networking and telecom
equipment equity research analyst at Credit Suisse First Boston (now
Credit Suisse). Jim was highly ranked by external polls throughout his
research career including being named six times to Institutional
Investor Magazine’s All America Research Team.

About The Meet Group

The Meet Group (NASDAQ: MEET) is a fast-growing portfolio of mobile apps
designed to meet the universal need for human connection. Using
innovative products and sophisticated data science, The Meet Group keeps
its approximately 2.8 million mobile daily active users engaged and
originates untold numbers of casual chats, friendships, dates, and
marriages. The Meet Group offers advertisers the opportunity to reach
customers on a global scale with hundreds of millions of daily mobile ad
impressions. The Meet Group utilizes high user density, economies of
scale, and leading monetization strategies with the goal of maximizing
adjusted EBITDA. Our apps – currently MeetMe^®, Skout^®,
Tagged^®, and Hi5^® – let users in more than 100
countries chat, share photos, stream live video, and discuss topics of
interest, and are available on iPhone, iPad, and Android in
multiple languages. For more information, please visit themeetgroup.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170627006446/en/

MEET Investor Contact:
The Blueshirt Group
Allise
Furlani
allise@blueshirtgroup.com

Source: The Meet Group, Inc.