SOURCE: Quepasa Corporation

Quepasa Corporation

June 24, 2010 09:00 ET

Quepasa Adds $3 Million to Signed DSM Advertising Campaigns for 2010

New Ad Platform Continues to Gain Traction in Monetization of Quepasa Social Network

WEST PALM BEACH, FL--(Marketwire - June 24, 2010) -  Quepasa Corporation (OTCBB: QPSA), creator of Quepasa.com, one of the world's fastest-growing Latino social networks, announced that it has increased its signed DSM advertising campaigns by $3 million from its previously announced signed engagements. That brings the total signed contracts during 2010 to approximately $7.3 million. Quepasa DSM is a social media advertising solution that allows advertisers and brands to target and distribute their marketing message across all social media sites.

"Ad agencies and brands are expressing tremendous enthusiasm for Quepasa DSM, based on the flexibility it affords users to participate on their social network of choice, its performance-based pricing, and real-time analytics," said John Abbott, Quepasa's CEO. "To date, all of our DSM campaigns have delivered tangible value to our client and engagements for our customers well beyond our expectations. To achieve our current level of engagement we estimate that the cost of an equivalent online banner campaign would be 10-30 times that of a typical DSM campaign. As we upgrade our DSM platform, we expect to improve on the economics we can offer advertisers versus traditional solutions.  Additionally, we have received significant interest from other portals to resell our product to their existing customers thereby expanding their offerings to their customer base.  We expect to announce these relationships in the coming months."

About Quepasa Corporation
Quepasa Corporation (OTCBB: QPSA), headquartered in West Palm Beach, FL with offices in Los Angeles, CA, Scottsdale, AZ, Miami, FL, and Hermosillo, MX, owns Quepasa.com (www.Quepasa.com), one of the world's largest, trilingual, Latino social networks. Quepasa.com is an authentic Latino community that provides fun, interactive, and easy to use social tools, and rich multimedia content in English, Spanish and Portuguese to embrace Latinos everywhere, and empower them to connect online, compete in contests and games and share their interests, ideas, and activities.

Forward-Looking Statements

This press release contains forward-looking statements within including expected improvement on economics we can offer advertisers versus traditional solutions and expected announcement of relationships with portals to resell our product to their existing customers.  Forward-looking statements can also be identified by words such as "targets," "expects," "believes," "anticipates," "intends," "may," "will," "plan," "continue," "forecast," "remains," "would," "should," and similar expressions. Forward-looking statements are based on current expectations, are not guarantees of future performance and involve assumptions, risks, and uncertainties. Actual performance and results may differ materially from those contemplated by the forward-looking statements.  We caution you therefore against relying on any of these forward-looking statements.  They are neither statements of historical fact nor guarantees or assurances of future performance.  Important factors that could cause actual results to differ materially from those in the forward-looking statements include changes in the public's approach to social networking needs, competition, and our failure to enter into definitive agreements to resell our product with portals.

Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2009. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made.  Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.  We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact Information

  • Investor Relations contact
    John Baldissera
    BPC Financial Marketing
    800-368-1217

    Company Contact
    Mike Matte
    Chief Financial Officer
    Tel: (561) 650-8075