Friday, January 7, 2011, the Spanish Version of Facebook, Sees Membership Rise 255%

(NEW YORK), the popular online social network for the Latino community, announced this morning a 255% increase in membership in 2010 to more than 27.2 million registered users.

Quepasa Corporation (OTC:QPSA) added that their 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. 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'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.

Dubbed the Spanish version of Facebook, Quepasa has seen its stock rise from around $3.00 to nearly $12.00 a share over the past 12-months. The success in Quepasa may be their targeting their own niche within the social networking and Latino sector. This direct targeting of specific demographics within the social networking community is a smart marketing concept, and if their user numbers may be any indication the company looks to be achieving critical-mass in becoming a leader within this booming sector.

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