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RealPennies.com: Turning Pennies into dollars: (OTCBB:STVI) Snap Interactive, Inc

Fri. March 20, 2009; Posted: 10:47 AM
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Mar 20, 2009 (M2 PRESSWIRE via COMTEX) -- STVI | Quote | Chart | News | PowerRating -- Are you a public company looking for exposure? Contact RealPennies.com - 212-662-2147

For more info: http://www.realpennies.com/otc/stvi SNAP Interactive Launches iPhone(TM) Mobile Dating Application (OTCBB:STVI) Snap Interactive, Inc.

NEW YORK, NY -- SNAP Interactive, Inc. ("SNAP" or the "Company") , a leading provider of online dating applications for social networking websites, announced recently that its mobile dating application 'Are You Interested?' has been approved by Apple and is now available in the iPhone Apps store. You can directly access the 'Are You Interested?' app via the following URL (iTunes required): http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=307930478 The SNAP mobile app is an extension and evolution of SNAP's popular Facebook Platform dating app 'Are You Interested?', which presently has more than 12 million users. SNAP's new iPhone app allows users to:

- Browse photos of singles in their area and tap "Yes" on people they like

- View their "Matches" and find out who likes them

- Check out the "Buzz" and meet singles in their area who are online right now

- Contact singles: send and receive winks and messages The new app will be free to download in its initial days, however we are carefully considering an appropriate revenue model for implementation shortly.

"As a leading provider of online social networking dating applications, we are very pleased to announce our much-anticipated debut in the mobile space," stated SNAP President and CEO Clifford Lerner. "The mobile dating and chatroom market is projected to grow to as much as $1.4 billion by 2013 according to a report by Jupiter Research, and the iPhone has proven to be an immediately popular and monetizable app platform. The mobile dating concept is most truly powerful when there exists a significant base of users to which you can connect - in any location and at any time. We strongly believe that our 'Are You Interested?' 12 million person Facebook user base is precisely the demographic that will most readily adopt a mobile dating application and we know from our success on Facebook that the 'Are You Interested?' concept works. We feel that mobile dating represents a significant opportunity and will be one of the primary dating tools of the future and as such, our goal is to become a leading presence in mobile dating and position ourselves to capitalize on this opportunity for the next evolution of SNAP. To both secure and continually engage this growing captive audience we are working on exciting additions to the core application in the coming weeks."

iPhone Fast Facts

- More than 17 million iPhones sold since January 2007

- iPhone App Store at comparable point of launch has outsold iTunes music store by more than 2x

- iPhone owners have downloaded 500 MM applications since July 2008 launch

- 93% of iPhone owners have added an app

- 72% of iPhone owners have added more than five apps

- Developers of iPhone apps retain 70% of purchasable app revenue To be added to the SNAP investor email list, please email justin.davis@cirrusfc.com with STVI in the subject line.

About SNAP Interactive, Inc.

Incorporated in Delaware and headquartered in New York, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites. SNAP has developed two popular dating applications built on Facebook Platform and has also launched dating applications on MySpace Developer Platform and Hi5 Developer Platform. In total, more than 18 MM people have installed our applications. Our applications are called 'Are You Interested?', 'Meet New People', and 'Flirt With Me'.

Realpennies.com

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.realpennies.com/start.html Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. This may contain forward-looking statements and are not guarantees of performance. Reproduction of this without written permission is prohibited.

CONTACT: RealPennies.com Tel: +1 212 662 2147 e-mail: info@realpennies.com WWW: http://www.realpennies.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details for STVI click here.

    


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