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Mimvi Inc. signs a non-binding letter of intent to acquire social innovator Smash Networks

SUNNYVALE, Calif. May 23, 2012 Mimvi Inc. Lone Wolf Lone Wolf Lone Wolf Eric Rice Lone Wolf

Lone Wolf Michael Poutre

"Understanding what people need, and how to deliver content to them in a manner that is dignified, respectful, and most importantly – of value to the consumer, is the new paradigm of advertising. Advertisers are tired of wasting money on web ads placed in irrelevant areas, and consumers are tired of annoying ads that get in the way of their online or mobile experience. We are creating the new standard for how companies communicate with consumers, and we could not be more thrilled about our future," said Poutre.

Eric Rice

Lone Wolf Lone Wolfe

About Mimvi

Sunnyvale, California

About Smash

Safe Harbor Statement

Lone Wolf

Investor Contact:

Gerald Kieft

The WSR Group

(772) 219-7525 (tel)

[email protected]

SOURCE Mimvi, Inc.

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