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Leading Latino Social Network, Quepasa.com, Adds Record 2.32 Million Members in January

^{Published on 2011-02-09 05:40:38 - Market Wire}
 

WEST PALM BEACH, FL--(Marketwire - February 9, 2011) - The membership base for [ Quepasa.com, ] the popular online social network and gaming platform for the Latino community operated by [ Quepasa Corporation ] (NYSE Amex: [ QPSA ]), increased by a record 2.32 million in January 2011 to total more than 29.5 million registered users. The site also generated a record 17.6 million unique visits in January, up from 16.4 million unique visits in December.

Quepasa.com continued to see strong growth in its Brazilian user base, which accounted for 26% of new users in January. This growth sustained Quepasa.com's leading position as the fastest growing social network in Brazil on a percentage basis, as well as remained Quepasa.com's largest source of new users. Mexico continued to be the second largest contributor at 14% of new users.

"In addition to the growth in membership, we also enjoyed increased user activity, recording more than 214 million page views in January, as compared to 184 million in December," said John C. Abbott, CEO of Quepasa. "We believe our recently announced agreement to acquire Brazil-based XtFt Games and their TechFront game development studio will allow us to further engage and monetize our Latino user base by providing more culturally relevant social games."

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: [ QPSA ]), owns Quepasa.com, the leading online social network and gaming 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 including expectations from our recent acquisition. 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 closing the acquisition of XtFt and its success in developing new attractive games.

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.