Snap Interactive Announces September 2014 Active Subscriber Growth

NEW YORK, Oct. 3, 2014 /PRNewswire/ -- Snap Interactive, Inc. ("SNAP" or the "Company") (OTCQB: STVI), a leading online dating site developer and owner of AYI.com, today announced September 2014 subscriber information.

Highlights:

• New subscription transactions for the month of September 2014 were the highest since the month of July 2012; 
• Total subscription transactions per day in September 2014 were the highest since October 2012;
• Active subscriber count increased approximately 30% YTD through September 30, 2014 from approximately 77,700 as of December 31, 2013 to approximately 100,700 as of September 30, 2014;
• New subscription transactions increased approximately 34% YTD through September 30, 2014 as compared to the same period in 2013; and
• New subscription transactions for the month of September 2014 increased 26% as compared to September 2013.

SNAP's Chief Executive Officer, Clifford Lerner, commented, "September performance continues a trend of growth in subscribers that we have witnessed over the course of the year.  Nine of the last ten months have reflected gains in active subscribers."

SNAP's Chief Operating Officer, Alex Harrington, added, "The 30% increase in active subscribers this year has supported the growth in revenue we have experienced over the last three consecutive quarters, and is contributing to our goal of being cash flow positive in the quarter ended September 30, 2014."

IR Contact: 
[email protected]

Stephen Hart 
Hayden IR    
[email protected]    
917-658-7878

PR Contact: 
Joanna Barber    
[email protected]          
212-967-5120 ext. 111

About Snap Interactive, Inc.

Snap Interactive, Inc. develops, owns and operates dating applications for social networking websites and mobile platforms.  SNAP's flagship brand, AYI.com is one of the largest interactive dating services, with native offerings on Facebook, iOS and Android platforms, and a destination website on desktop and mobile at AYI.com. AYI.com's mission is to improve the online dating experience of meeting new people by integrating a user's friends and interests to enable more meaningful connections.

For more information on SNAP, please visit http://www.snap-interactive.com/ or its online dating blog at http://www.ayi.com/dating-blog.

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.

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

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: general economic, industry and market sector conditions; the Company's future growth and the ability to obtain additional financing to implement the Company's growth strategy; the ability to achieve break-even cash flow; the ability to increase or recognize revenue, decrease expenses and increase the number of active subscribers or new subscription transactions; the ability to anticipate and respond to changing user and industry trends and preferences; the intense competition in the social dating marketplace; and circumstances that could disrupt the functioning of the Company's application 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.

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SOURCE Snap Interactive, Inc.