SOURCE: Quepasa Corporation

Quepasa Corporation

May 05, 2010 11:50 ET

Quepasa Awarded $3.5 Million Revenue Generating Contract

Quepasa to Develop a Series of Environmental Campaigns Over the Next 12 Months

WEST PALM BEACH, FL--(Marketwire - May 5, 2010) -  Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, one of the world's fastest-growing Latino social networks, today announced it was awarded a $3.5 million online marketing and web development contract as a part of a series of social media initiatives to promote ecological sustainability. The contract is subject to renewal on the same terms at the end of its current term in April 2011.

This global eco-conscious campaign, sponsored by a leading industrial group headquartered in Mexico whose Chairman is a director of Quepasa, is focused on creating awareness of and implementing the best ideas for environmentally-oriented innovation in the Industrials vertical. It will leverage such tools as social gaming applications and Quepasa's DSM contest platform to both solicit ideas from millions of social networking users and promote awareness through broad interaction and sharing among participants in these initiatives. 

"We are excited to be the selected developer and distributor for this unprecedented initiative. Social networks have already proven to be an effective platform for promoting environmental causes and we believe that our DSM product will serve as an outstanding tool through which the campaign's message will be shared by millions of Internet users," said John Abbott, Chief Executive Officer of Quepasa.

About Quepasa Corporation
Quepasa Corporation (OTCBB: QPSA), headquartered in West Palm Beach, FL with offices in Los Angeles, CA; São Paulo, Brazil; 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 the meaning of the Private Securities Litigation Reform Act of 1995 including our belief that our DSM product will serve as an outstanding tool through which the campaign's message will be shared with millions of Internet users. 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, our ability to continue to enrich our website to attract users, unanticipated failure to reach our users, and how other social network users will react to the campaign.

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

  • Company Contact:
    Mike Matte
    Chief Financial Officer
    Quepasa Corporation
    (561) 491-4186
    Email Contact

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