SOURCE: Quepasa Corporation

Quepasa Corporation

July 14, 2010 10:09 ET

Quepasa Launches 'SnapMeUp' Social Game

'SnapMeUp' Represents First Social Gaming Title Launched via Quepasa's Open Social Platform

WEST PALM BEACH, FL--(Marketwire - July 14, 2010) -  Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced the launch of 'SnapMeUp,' a popular social game developed by Viximo, a leading provider of virtual goods solutions and applications.

'SnapMeUp' is the ultimate marriage of online flirting and social gaming. Quepasa players can find fame and fortune by buying, selling and trading photos of their friends with other people on the site. Some will become tycoons by mastering the art of buy low/sell high and others will find validation as the hottest person on the market.

"We're excited about how the Quepasa audience is responding to 'SnapMeUp'; while it's been on the site for less than two weeks, 'SnapMeUp' is already one of the most popular apps on Quepasa," said Dale Strang, president and chief executive officer of Viximo. "Both conversion and revenue per user data are tracking ahead of our expectations and the conversion of free users to paying users is one of the best we have seen so far across our publisher base. As a result, we are accelerating plans to launch additional titles on Quepasa, including new titles -- Texas Hold'em Poker and War Metal -- in the near future."

"Our users are showing tremendous enthusiasm for 'SnapMeUp,'" said John Abbott, chief executive officer of Quepasa. "We have already seen rapid adoption amongst our users even though we have yet to launch Spanish and Portuguese versions of the application or promote the availability of this application to our registered user base of 15 million Latinos."

In the coming months, Quepasa plans to release several additional social games through their relationship with Viximo as well as open up their platform to third party social game developers to launch additional social games on Quepasa.com.

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.

About Viximo, Inc.
Viximo is the easiest way to drive revenue with virtual goods and virtual currency. Viximo is the one solution that provides everything a social website needs to implement a virtual goods business including micro-transaction payments, analytics, virtual currency, and white label social applications and games. Viximo works with some of the largest social networks and premium content providers to create a virtual economy in only one week. For more information visit http://viximo.com or learn about successful virtual goods strategies at http://blog.viximo.com.

Forward-Looking Statements
This press release contains forward-looking statements within including plans to release several additional games and to open up our platform to third party social game developers to launch additional social games on Quepasa.com. 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, attracting users to our site and the continued use of games by users over an extended period. 

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) 650-8075

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