SOURCE: Quepasa Corporation

Quepasa Corporation

October 05, 2011 09:00 ET

Quepasa Extends Reach of Wonderful City Through Global Publishing Agreement With Viximo

Viximo Will Publish Quepasa Games' Hit Title, Wonderful City - Rio to Alternative Social Networking Platforms That Collectively Drive Over 150 Million Monthly Unique Visitors

WEST PALM BEACH, FL--(Marketwire - Oct 5, 2011) - Social media technology company, Quepasa Corporation (NYSE Amex: QPSA), owner of popular Latino online social network Quepasa.com and social games publishing studio Quepasa Games, today announced it had signed a global publishing agreement with long-time partner, Viximo. The agreement enables Viximo to manage the localization, publishing and marketing of Quepasa Games' hit title, Wonderful City - Rio across the Viximo network of social networking properties that encompass, over 15 additional social networking platforms and reaches over 150 million monthly unique visitors.

Wonderful City's initial success has invited substantial interest in publishing and marketing the title to alternative Facebook geographies as well as alternative social networking platforms across the globe. As of August 31st, the game had generated over 4.4 million installs on Quepasa.com, Facebook and Orkut, including over 850,000 DAUs (daily active users) and nearly 4 million MAUs (monthly active users). Quepasa's new agreement with Viximo will enable Quepasa to drive new audiences to Wonderful City, taking the game well beyond the core geographies and platforms it currently supports.

"We are excited to partner with Viximo to extend the reach of our hit title, Wonderful City. Viximo has built an outstanding global distribution platform for social game publishers and we believe they will do a great job in driving the installation, active usage and monetization of Wonderful City across their global network," said John Abbott, CEO of Quepasa Corporation.

"Quepasa has built a highly-engaging title in Wonderful City - Rio," commented Dale Strang, CEO of Viximo. "The game is in high demand with Viximo's network of social networking platforms and we are excited to help localize, distribute and monetize it in partnership with Quepasa."

The Viximo network of social networking properties includes popular European social networks Tuenti (Spain), Lokalisten (Germany), Gaia Online (US), VZNet (Poland), Odnoklassniki (Russia) and Nasza Klasa (Poland). Viximo continues to add new partners on a regular basis.

Quepasa will provide additional updates on the performance of Wonderful City across the social platforms to which it has been published in its forthcoming quarterly report. Management noted that the Quepasa.com site and new user metrics would similarly be made available quarterly -- on a go-forward basis -- in order to better align reporting practices with its longer-term business focus. "The short-term, monthly traffic metrics associated with Quepasa.com and Quepasa Games bear diminishing relevance to the activities currently underway," commented Abbott. "We intend to provide continued transparency into the business in our quarterly investor calls, and eagerly anticipate the opportunity to provide detail into and have a meaningful dialogue about a much richer, longer term perspective on our business."

Quepasa will discuss key metrics and results in its forthcoming Q3 Financial Results press release in November. Shareholders will have the opportunity to discuss these results with Quepasa Management on the Q3 results call (exact timing to be announced). In the interim, shareholders are encouraged to contact Brian Harvey, Vice President of Capital Markets and Investor Relations at 310-801-1719. Quepasa news and corporate updates are also available online at quepasacorp.com and investors can follow QuepasaCorp on StockTwits and Twitter for additional corporate and industry information.

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: QPSA) is a social media technology company focused on Latin audiences worldwide. Quepasa owns and operates Quepasa.com, a leading social networking website, Quepasa Games, a social gaming studio, and Quepasa Contests, a cross platform social media advertising solution. Quepasa brings the best of the social web to over 40 million global users, inviting them to play, flirt and win through fun and distinctly Latin online experiences. Quepasa is headquartered in West Palm Beach, Florida with offices in Los Angeles, California, Hermosillo, Mexico, and Curitiba, Brazil. For more information about the company, go to www.quepasacorp.com.

About Viximo
Viximo is the largest platform that connects social app and game developers with numerous social networks across the web. With Viximo's platform app and game developers get access to over 100 million users across multiple social networks with a single easy implementation. Additionally, Social Networks are able to quickly set up a robust virtual currency, enable third parties to easily develop to their site, and instantly offer the highest quality social apps and games. For more information visit http://viximo.com or http://blog.viximo.com.

Cautionary Note Concerning Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding plans to increase the core geographies and platforms of Wonderful City - Rio and localizing, distributing and monetizing it. All statements other than statements of historical facts contained in this press release, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include competition with other social games, acceptance by a global audience of our game titles, and unanticipated problems which lead social media platforms to not publish our games. Further information on our risk factors is contained in our filings with the SEC, including the Form S-4 filed on October 4, 2011 and our Form 10-K for the year ended December 31, 2010. 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, except as may be required by law.

Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy Quepasa's securities or the solicitation of any shareholder vote or approval. This communication is being made in respect of the proposed transaction involving Quepasa and Insider Guides. In connection with the proposed transaction, Quepasa has filed with the SEC a registration statement on Form S-4 that includes a proxy statement and prospectus of Quepasa. Before making any voting or investment decision, investors and shareholders are urged to read carefully the proxy statement and prospectus regarding the proposed transaction and any other relevant documents filed by Quepasa with the SEC because they contain important information about the proposed transaction. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC's website (www.sec.gov), by accessing Quepasa's website at www.quepasacorp.com under the heading "Investors" and then under the link "SEC Filings" and from Quepasa by directing a request to Quepasa at Quepasa Corporation, 324 Datura Street, Suite 114, West Palm Beach, FL 33401, Attention: Investor Relations.

Quepasa and its directors and executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. You can find information about Quepasa's directors and executive officers in its definitive proxy statement filed with the SEC on April 14, 2011. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and prospectus and other relevant materials filed with the SEC. You can obtain free copies of these documents from Quepasa using the contact information above.

Contact Information

  • Company Contact:
    E. Brian Harvey
    Vice President of Capital Markets and Investor Relations
    Quepasa Corporation
    (310) 801-1719
    brian.harvey@quepasacorp.com
    Follow us at StockTwits or Twitter under QuepasaCorp