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Snap Interactive, Inc. Announces Public Offering of Common Stock and Warrants

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NEW YORK, Oct. 1, 2013 /PRNewswire/ -- Snap Interactive, Inc. ("SNAP," the "Company," "we," "our" or "us") (OTCBB: STVI), a leading social dating developer, announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of up to $4,000,000 of its common stock and warrants to purchase common stock. The number of shares and warrants to be offered and the public offering price have not yet been determined.

(Logo: http://photos.prnewswire.com/prnh/20111101/NY96955LOGO-b )

Roth Capital Partners is acting as sole manager for the offering.

The offering will be made only by prospectus. A copy of the prospectus, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660, Attn: Equity Capital Markets, or by telephone at 800-678-9147.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The registration statement may be accessed through the SEC's website at www.sec.gov.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Snap Interactive, Inc.

Snap Interactive, Inc. develops, owns and operates a social dating application for social networking websites and mobile platforms.  SNAP's flagship brand, AYI®, is one of the largest social and mobile dating applications on the Internet and offers a completely integrated Facebook®, iPhone®, Android® and Web dating application. With 51% of singles reporting 'bad' experiences when meeting people online, AYI'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/, its blog at http://devblog.snap-interactive.com, on Facebook at facebook.com/SnapInteractiveInc and on Twitter at @SNAPInteractive.

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 or warrants.

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 is a registered trademark of Snap Interactive, Inc.

PR Contact:  Kayla Inserra  Kayla@specopscomm.com   919-601-2247  

IR Contact Information:  IR@snap-interactive.com  

Stephen Hart  Hayden IR  hart@haydenir.com   917-658-7878  

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 anticipate and respond to changing user and industry trends and preferences; the intense competition in the social dating marketplace; the ability to establish and maintain brand recognition; the ability to support and derive revenue from our application for mobile platforms; the success of new AYI features and branding on user engagement and conversion;  the effect of the move of the Company's data center on operational flexibility, cost savings, development and production; the actual cost savings as a result of the move of the Company's data center; the performance of the Company's application after the move of the Company's data center; the amount or effect of future recruiting expenses; 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 in the prospectus filed with the Securities and Exchange Commission.

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.

SOURCE Snap Interactive, Inc.

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