SOURCE: Quepasa Corporation

Quepasa Corporation

September 01, 2010 11:53 ET

Quepasa.com Adds a Record 1.8MM New Members in August

53% Month-Over-Month Growth in Brazil

WEST PALM BEACH, FL--(Marketwire - September 1, 2010) - Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced that the website saw its registered users grow by 1.8MM in August, up from 1.4MM members during the month of July, resulting in a total user base of 18.7MM members. At the same time, monthly unique visits totaled 14.4MM visits, an increase of 16% compared to the month of July.

Quepasa saw continued growth momentum in its Brazilian user base, which accounted for 446,000 of the site's new users, an increase of 53% over the month of July. Following Brazil, Mexico represented the second largest source of new users, with 313,000 new members in August, a 28% increase over the month of July.

"In the month of August, we saw great results from ongoing performance improvements, which resulted in a better user experience, particularly in geographies with slower internet connections," said John C. Abbott, CEO of Quepasa Corporation. "Enhanced site engagement, following the release of our VIP newsfeed and new social gaming titles, led to solid growth in our traffic numbers."

About Quepasa Corporation

Quepasa Corporation, headquartered in West Palm Beach, FL with offices in Los Angeles, CA; São Paulo, Brazil; Miami, FL; and Hermosillo, Mexico, 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
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