SOURCE: Quepasa Corporation

Quepasa Corporation

March 03, 2011 08:31 ET

Quepasa.com Membership Reaches Record 31.7 Million Users in February

62% YoY New User Growth of Popular Latino Social Network Complements 21% YoY Improvement in Key Site Engagement Metric

WEST PALM BEACH, FL--(Marketwire - March 3, 2011) - Quepasa.com, the popular online social network and game platform for the Latino community operated by Quepasa Corporation (NYSE Amex: QPSA), added 2.1 million new registered users in February 2011 to reach a record total of 31.7 million. This marks a year-over-year increase of 62%, compared to growth of 1.3 million new users in February 2010.

Quepasa.com also reported significant improvement in user engagement in February; page views per return site visit were 19.4, representing a 21% increase over February 2010. This improvement was realized despite a slight decline in overall page views on a sequential monthly basis, due to the fewer days in February and seasonality related to the summer holiday period in the Southern Hemisphere.

"In addition to continued strong growth in registered users, we are seeing positive results from our efforts to improve user engagement, including the recent optimization of some of our popular social discovery games," said John C. Abbott, CEO of Quepasa. "These results provide continued support for our thesis that social gaming is increasingly a major driver behind the success of social networking in terms of both user retention and monetization. We are looking forward to launching an initial four game titles developed by TechFront, the social game development studio in Brazil which we recently agreed to acquire in order to produce more socially relevant games for our Latino user base."

Quepasa has been invited to present at the Northland Capital Markets Growth Conference being held today in New York City, as well as the Wedbush 2011 Technology, Media and Telecommunications Management Access Conference to be held there on March 9-10. In addition to the presentations, Abbott has been invited to participate on The Social Media Panel at the Wedbush conference on March 10. Management will focus its presentations on its full year 2010 operational results and outlook for 2011, highlighting its transition to user base monetization, as well as discuss new partnerships with Sony Pictures Television, Grupo Expansión, eGames and Playspan.

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: QPSA), owns Quepasa.com, the leading online social network and game platform for the Latino community. Quepasa.com 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 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.

Contact Information

  • Company Contact:
    Brian Garrett
    VP of Strategy
    Quepasa Corporation
    Tel (310) 443-2742

    Investor Relations Contact:
    Liolios Group, Inc.
    Ron Both
    Senior Managing Director
    Tel (949) 574-3860
    Email Contact