SOURCE: Quepasa Corporation

Quepasa Corporation

February 15, 2011 12:04 ET

Michael Nicklas Appointed Quepasa Advisor

Brazilian Venture Capitalist and Technology Advisor to Assist on Social Game Development and Broader Market Development Opportunities

WEST PALM BEACH, FL--(Marketwire - February 15, 2011) - Quepasa Corporation (NYSE Amex: QPSA), creator and operator of Quepasa.com, the popular online social network and game platform for the Latino community, today announced that Michael Nicklas, a leading investor and advisor to emerging technology companies in Latin America, was appointed as a company advisor.

Nicklas is widely regarded as one of the leading early-stage investors focused on the emerging Internet market in Brazil. For the last three years, he has helped develop and invested in a portfolio of companies across the region focused on social media, ecommerce and web publishing. More recently, he has taken on the role of director of portfolio development for publicly traded Ideiasnet (BOVESPA: IDNT3.SA, www.ideiasnet.com), Brazil's largest Technology/Media/Telecom-focused venture fund. Previous to his focus on Brazil, Nicklas has a long career in U.S. technology companies, including CTO of Univision Online. Nicklas earned his BA in International Studies and Economics from The American University, and was a Fulbright Fellow at the University of Coimbra in Portugal.

"As we have discussed consistently, Brazil continues to grow in strategic importance for Quepasa. We believe the market timing is right for our combined strategy of social advertising and social gaming as the appropriate business models to monetize our growing user base throughout Latin America," said John C. Abbott, chief executive officer of Quepasa. "Michael will make an excellent addition to our advisory board and brings important market insight and significant relationships that could help drive additional acquisitions throughout the region."

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: QPSA), owns Quepasa.com, the leading online social network and gaming platform for the Latino community. Quepasa.com 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. Quepasa is headquartered in West Palm Beach, Florida with offices in Miami, Los Angeles, Scottsdale, and Hermosillo, Mexico. For more information about the company, go to www.quepasacorp.com, or join for free at www.Quepasa.com.

Contact Information

  • Company Contact
    Brian Garrett
    VP of Strategy
    Quepasa Corporation
    Tel (310) 443-2742

    Investor Relations Contact:
    Liolios Group, Inc.
    Ron Both or Geoffrey Plank
    Tel (949) 574-3860
    Email Contact