SOURCE: Quepasa Corporation

Quepasa Corporation

May 19, 2010 10:11 ET

David Sacks Appointed Quepasa Advisor

Yammer Founder and CEO to Advise on Product Development and Monetization

WEST PALM BEACH, FL--(Marketwire - May 19, 2010) - Quepasa Corporation (OTCBB: QPSA), owner of www.Quepasa.com, an online social network targeting the Latino community, today announced that David Sacks, CEO and Founder of corporate micro blogging site Yammer, was appointed Company Advisor.

Mr. Sacks is widely considered one of the most accomplished product innovators in Silicon Valley, having previously acted as COO of Paypal from 1999 up to the time of its sale to Ebay in 2002. Following his success in developing the Paypal product, Mr. Sacks founded Geni, a genealogy based social network, and most recently Yammer. Mr. Sacks also applied his entrepreneurial skills to film production, having executive produced independent hit movie "Thank You For Smoking" in 2006. Mr. Sacks earned his BA at Stanford University and JD at the University of Chicago. 

"Quepasa has proven capable of building a significant audience, as reflected by recent new user growth of 1.3 - 1.5 million members per month," said John Abbott, Chief Executive Officer of Quepasa. "We are now implementing various new product and monetization strategies, for which David's counsel will be invaluable." 

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
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. The Company assumes no obligation to update the information in this release.

Contact Information

  • Contact:
    Company Contact
    Mike Matte
    Chief Financial Officer
    Quepasa Corporation
    (561) 650-8075