SOURCE: Quepasa Corporation

Quepasa Corporation

April 04, 2011 08:31 ET

Quepasa.com Membership Reaches Record 33.6 Million Registered Users in March

29% Year-Over-Year Membership Growth Compliments Improved Site Metrics; Industry Veteran, David Bard, Joins Quepasa to Oversee and Enhance User Experience

WEST PALM BEACH, FL--(Marketwire - April 4, 2011) - Quepasa.com, the popular online social network and game platform for the Latino community operated by Quepasa Corporation (NYSE Amex: QPSA), added nearly 2.0 million registered users in March 2011 to reach a record total of 33.6 million. This marks a year-over-year increase in monthly growth of 29%, compared to growth of 1.5 million new users in March 2010.

"Our user base reached a record level in March by adding approximately two million newly registered users," commented Quepasa's CEO, John Abbott. "This was achieved despite periodic disruptions in email accumulation we experienced during the month, as Internet service providers changed policies that impacted our email volumes. Our email team is working to meet the new standards, which we believe will lead to improved membership growth in the coming months."

Quepasa.com also reported significant improvement in user engagement during March, with Page Views per Return Site Visit of 24.6, representing a 68% year-over-year increase. Total Page Views in March came in at 214 million, representing 130% year-over-year growth. Abbott credits improved user engagement metrics to a successful redesign of the Quepasa.com user profile page, which is part of an ongoing effort to streamline the site's user interface.

In connection with this program to improve site retention, Quepasa has appointed industry veteran, David Bard, to the position of Director of User Experience and Product for Quepasa.com. Bard previously served as a senior interaction designer at MySpace.com and LowerMyBills.com, and a design consultant for Warner Music Group and CinemaNow. David's responsibilities will include improving the user interface and enhancing the user experience as the company concentrates on retention performance for Quepasa.com.

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.

Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements regarding improved membership growth. 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, our failure to develop and integrate new games, our members' usage of the games and the continued acceptance of our DSM.

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, 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:
    E. Brian Harvey
    Vice President of Capital Markets and Investor Relations
    Quepasa Corporation
    Tel (508) 735-1910
    Email Contact

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