SOURCE: Quepasa Corporation

Quepasa Corporation

February 23, 2010 10:46 ET

Quepasa.com Grows Membership to 10MM Users

Fastest Growing Online Social Community for Latinos Continues to Build Momentum

WEST PALM BEACH, FL--(Marketwire - February 23, 2010) - Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced that the website grew its membership to 10 million users, up from 9 million users at the beginning of February 2010.

"Having relaunched the Quepasa.com site two years ago, this represents an important milestone and demonstrates our ability to build a significant user base without spending in advertisement or promotion," said John C. Abbott, CEO of Quepasa Corporation.

About Quepasa Corporation

Quepasa Corporation, headquartered in West Palm Beach, FL with offices in Los Angeles, CA; São Paulo, Brazil; Scottsdale, AZ; 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

As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. The Company assumes no obligation to update the information in this release.

Contact Information

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

    Company Contact
    Mike Matte
    Chief Financial Officer
    Tel: (561) 491 4186