SOURCE: Quepasa Corporation

Quepasa Corporation

January 19, 2011 16:48 ET

Quepasa Corporation Common Stock Approved for Listing on the NYSE Amex Exchange Under the Symbol QPSA

WEST PALM BEACH, FL--(Marketwire - January 19, 2011) - The common stock of Quepasa Corporation (OTCBB: QPSA), creator and operator of Quepasa.com, the popular online social network for the Latino community, has been approved for listing on the NYSE Amex.

Beginning with the opening of the market on Friday, January 21, 2011, Quepasa's common stock will commence trading on the NYSE Amex under the symbol "QPSA."

"We expect our listing on the NYSE Amex to significantly enhance Quepasa's visibility, liquidity and suitability for a broader investment audience," said John C. Abbott, CEO of Quepasa. "NYSE Amex offers a powerful global trading platform along with strong recognition and prominence in both the U.S. and the international markets in which we operate."

Quepasa recently reported its membership base grew by 255% in 2010 to total more than 27.2 million registered users, with Brazil as its strongest contributor to this growth. Brazil accounted for 24% of new users in December, which maintained Quepasa.com's position as the fastest growing social network in Brazil on a percentage basis. Mexico remained the second largest contributor at 14% of new users.

Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution, NYSE Euronext, commented: "We welcome Quepasa Corporation to the NYSE Euronext family of listed companies. Quepasa shareholders will benefit from the superior market quality, services and technology provided by NYSE Amex, and we look forward to a strong, lasting partnership."

About Quepasa Corporation
Quepasa Corporation (OTCBB: 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:
    Mike Matte
    CFO
    Quepasa Corporation
    Tel (561) 650-8075

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