Snap Interactive, Inc. (“SNAP”) (OTCQB: STVI) develops, owns and operates real-time, rich media social networking and dating applications on desktop and mobile computing platforms.  Supported by a portfolio of 25 patents, SNAP is a leader in real-time video communication, with groundbreaking products powering one of the world’s largest collections of video-based communities. Through brands such as Paltalk, FirstMet, Camfrog and Tinychat, SNAP has helped hundreds of millions of users around the world make meaningful friendships and romantic connections.

SNAP is excited to announce the closing of its merger with AVM Software, Inc.(d/b/a Paltalk), effective October 7, 2016. The mission of the combined company is to become the leading platform in connecting a global audience of users around interest categories and dating by leveraging live video and chat as the core method of communication. With eight social multi-platform products, a strong balance sheet, and aggregate annual revenues of approximately $30 million, SNAP is well positioned to deliver enhanced shareholder value.

For more information refer to the press release here

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