SNAP INTERACTIVE, INC. (OTCMKTS:STVID) Files An 8-K Other Events
Item 8.01 Other Events.
On May 18, 2017, Snap Interactive, Inc. issued a press release
announcing the approval of a cash repurchase program for up to
$1.0 million of its common stock and the entry into a stock
repurchase plan agreement established in accordance with Rule
10b5-1 of the Securities Exchange Act of 1934, as amended.
Repurchases will be made, if at all, to the terms of the plan.
Because the repurchases under the plan will be subject to
specified parameters and certain price and volume restraints as
established in the plan, there is no guarantee as to the exact
number of shares that will be repurchased, or that there will be
any share repurchases at all.
A copy of the press release is attached hereto as Exhibit 99.1
and is incorporated by reference herein.
Section 9 Financial Statements and
Item 9.01 Financial Statements and Exhibits.
Press Release, dated May 18, 2017, issued by Snap
About SNAP INTERACTIVE, INC. (OTCMKTS:STVID)
Snap Interactive, Inc. operates a portfolio of dating applications. The Company’s dating applications include FirstMet and The Grade. The Company provides an online dating application under the FirstMet brand that is native on Facebook, iPhone operating systems (iOS) and Android platforms, and is also accessible on mobile devices and desktops at FirstMet.com. The FirstMet application is available to users and active subscribers. The Company’s online dating application under The Grade brand is native on iOS and Android. The Grade is a mobile dating application that holds users accountable to a standard of behavior by using an algorithm that assigns letter grades to users ranging from A+ to F, based on profile quality, messaging quality and reviews from other users of the application. Users with a grade of D receive a warning and instructions on how to improve their grade, while users failing to improve an F grade are at risk of expulsion. SNAP INTERACTIVE, INC. (OTCMKTS:STVID) Recent Trading Information
SNAP INTERACTIVE, INC. (OTCMKTS:STVID) closed its last trading session 00.00 at 3.50 with shares trading hands.