Paltalk Inc (PALT)

[Knowledge is King]

SNAP Q4 revenues $1.08M!


(PR Wires) PRW: SNAP Interactive Provides Fourth Quarter and Full Year 2008
Revenue Guidance


NEW YORK, NY -- (MARKET WIRE) -- 01/20/09 --
SNAP Interactive, Inc. ("SNAP" or the "Company") (OTCBB: STVI), a leading

provider of online dating applications for social networking websites,
announced today revenue guidance for the quarter and year ended December
31, 2008.
SNAP anticipates revenue in excess of $1.08 million for the quarter ended

December 31, 2008, and total revenue in excess of $3.0 million for the
year ended December 31, 2008.
As SNAP has reached a critical mass of more than 16 million users across
its 8 applications, the Company has experienced greater opportunity for
revenue generation. While its advertising programs remain the Company's
primary revenue source at this time, SNAP's recent financial performance
has allowed it to diversify its product offering and evolve additional
revenue-generating channels.
"We are pleased that we have again performed up to or exceeded
expectations," stated SNAP's CEO Clifford Lerner. "In these uncertain
times we recognize that we cannot rely exclusively on any one product or
source of revenue. Even as we continue to achieve positive results with
our current product portfolio we are keeping our focus firmly on the
horizon -- the first half of 2009 will bring significant announcements
from SNAP, developments that could substantially redefine our
opportunities for growth. We are extremely proud of what we accomplished
in 2008 in turning 'Are You Interested' into the leading dating
application on the web, but we are even more excited about the future for
SNAP. We are actively working on several new initiatives designed to
increase our product offerings and give SNAP an even greater foothold in
the emerging social dating industry."
To be added to the SNAP investor email list, please email
[e-mail] 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 dating applications built on
Facebook(R) Platform which have in excess of 16 million installations, and
has also launched dating applications on MySpace Developer Platform and
Hi5 Developer Platform. Our applications are called 'Are You Interested,'
'Meet New People,' and 'Flirt With Me.'
For more information visit www.snap-interactive.com.
Facebook(R) is a registered trademark of Facebook Inc.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. By their nature, forward-looking
statements and forecasts involve risks and uncertainties because they
relate to events and depend on circumstances that will occur in the near
future. There are a number of factors that could cause actual results and
developments to differ materially from forecasted results. These risks
and uncertainties include product demand, market competition, delays in
application development, technical issues beyond our control, reliance on
the various platforms that we build applications on, and risks inherent
in our operations. For a discussion of these risks and uncertainties,
please see our filings with the Securities and Exchange Commission. Our
public filings with the SEC are available from commercial document
retrieval services and at the website maintained by the SEC at
http://www.sec.gov. All traffic statistics are recent averages.
CONTACT:
Cirrus Financial Communications, LLC
Justin K. Davis
(877) 977-STVI (7884)
[e-mail]
www.cirrusfc.com


(END) Dow Jones Newswires
January 20, 2009 09:05 ET (14:05 GMT)
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