SOURCE: Quepasa Corporation

Quepasa Corporation

December 02, 2010 08:31 ET

Quepasa.com Adds Record 2.3 Million New Members in November

Popular Social Network for Latino Community Exceeds 25 Million Members

WEST PALM BEACH, FL--(Marketwire - December 2, 2010) - Quepasa Corporation (OTCBB: QPSA) reported the membership base for Quepasa.com, its popular online social network for the Latino community, grew by nearly 2.3 million in November to total more than 25 million total registered members.

These results reflect continued momentum in the growth of Quepasa's user base following the addition of 2.1 million in October, 2.0 million in September, and 1.8 million in August. Unique visits increased to 17.4 million in November from 16.3 million in October.

Quepasa.com continued to see growth momentum in its Brazilian user base, which accounted for 26% of new users in November. This represented the largest source of new users, and maintained Quepasa.com position as the fastest growing social network in Brazil on a percentage basis. Mexico was the second largest contributor at 14% of new users.

"The popularity of our unique positioning and differentiated branding among Latin Americans is clearly evident in our growth rate, which averaged more than 75,000 new users per day in November versus 66,000 in October," said John C. Abbott, CEO of Quepasa. "We also surpassed our membership target of 25 million users in 2010 a month earlier than expected, which represents a major threshold in our development."

About Quepasa Corporation
Quepasa Corporation (OTCBB: QPSA), owns 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. Quepasa Corp. 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.

Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements including continuing momentum of quepsa.com and the number of new users per day. 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 competitive factors, our continued support from our Mexican sponsors, the failure to develop and integrate the games and our members' usage of the games. 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
    Tel (561) 650-8075

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