Friday, November 5, 2010
Quepasa.com Adds a Record 2.1 Million New Members in October
WEST PALM BEACH, FL--(Marketwire - November 4, 2010) - Quepasa Corporation (OTCBB: QPSA) reported that its membership base for Quepasa.com, the popular online social network for the Latino community, grew by more than 2.1 million in October, reaching 22.8 million total registered members.
These results demonstrate continued momentum in the growth of Quepasa's user base, following the addition of 2.0 million in September, 1.8 million in August and 1.4 million in July. Unique visits increased to 16.3 million in October from 16.0 million in September.
Quepasa.com continued to see particular growth momentum in its Brazilian user base, which accounted for 26% of its new users. This represents the largest source of new users, making Quepasa.com the fastest growing social network in Brazil on a percentage basis.
This is significant given that Brazil's population dominates social media consumption worldwide, with 86% of Brazilian Internet users regularly using social media sites, according to recent data from The Nielsen Company.
"The popularity of social networking among Latin Americans is clearly evident in our growth rate," said John Abbott, CEO of Quepasa. "With our overall growth rate averaging more than 66,000 new users per day, Quepasa.com is at the forefront of this strong market trend."
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 http://www.quepasacorp.com/, or join for free at http://www.quepasa.com/.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements including continuing momentum of quepsa.com and the number of new users per day. 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, the failure to develop and integrate the games and our members' usage of the games. 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, 2009. 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.
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