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There are a good number of online meeting planning services including some that let you poll your attendees to find the perfect time and location for your event. MeetingWave is the first service I’ve seen where you post your desire to hold an event and others signup to attend.
MeetingWave is a NYC-based company that formerly was known as TravelersTable. You can post invitations and others can browse the list of available invitations. Once you find a real-world meeting you are interested in, you contact the organizer.
On the safety side, meeting locations are only displayed after the organizer has approved the person to the meeting. MeetingWave has also published a list of safety guidelines to consider when meeting someone offline from online for the first time.
There are RSS feeds so you can be notified when a new event is posted that meets your search criteria. You can also interact with MeetingWave on Facebook and Bebo.
There is no apparent business model as I browse the service but I assume they could charge a fee for confirmed meetings.