SOURCE: Quepasa Corporation

Quepasa Corporation

January 05, 2011 08:31 ET

Quepasa.com Membership Base Soars 255% in 2010 to 27.2 Million

Company Sees Continued Strong Growth and Monetization in 2011, Supported by Recent New Deals With Sony Pictures Television, Grupo Expansion, and eGames

WEST PALM BEACH, FL--(Marketwire - January 5, 2011) - The membership base for Quepasa.com, the popular online social network for the Latino community operated by Quepasa Corporation (OTCBB: QPSA), increased 255% in 2010 to total more than 27.2 million registered users.

The site added 2.2 million users and generated 16.4 million unique visits in December, compared to 1.2 million new users and 7.1 million unique visits in December 2009.

Quepasa.com continued to see strong growth in its Brazilian user base, which accounted for 24% of new users in December. This represented the largest source of new users, and maintained Quepasa.com's position as the fastest growing social network in Brazil on a percentage basis. Mexico remained the second largest contributor at 14% of new users.

"Latin Americans continued to demonstrate their love of Quepasa.com in 2010, with more than a tripling of new registered users during the year," said John C. Abbott, CEO of Quepasa. "December continued to show tremendous user growth, despite the distractions of the major holiday celebrations which slowed new user registration and unique visits slightly from a record November. However, our visitors were more active, with 184 million page views in December versus 175 million in November."

"We expect our new Quepasa DSM reseller agreements with Sony Pictures Television and Grupo Expansión, which collectively reach more than 42 million eyes in Latin America, to help accelerate the monetization of our user base in 2011," added Abbott. "Our recently announced partnership with eGames establishes Quepasa as both a publisher and distributor of social games in the Latin America marketplace, and this differentiated strategy puts us in a strong position in a post-Facebook social gaming world."

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 about continued strong growth, expected results from our re-seller agreements, monetization of our user base in 2011 and about being in a strong position in a post-Facebook social gaming environment. 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 our users willingness to use the games and purchase enhancements, currency fluctuations and Quepasa's ability to hedge its risks and development of payment systems outside of the U.S.

Further information on our risk factors is contained in our filings with the Securities and Exchange Commission, including the Form S-1 dated December 29, 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.

Contact Information

  • Company Contact:
    Mike Matte
    CFO
    Quepasa Corporation
    Tel (561) 650-8075

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