Date: Wednesday, May 16, 2012
Location: The Ritz-Carlton, 600 Stockton Street at California Street, San Francisco, CA

Date: Tuesday, May 15, 2012
Location: Le Meridien Hotel, San Francisco, CA

• Record first quarter revenue of $10.8 million, up 382% year-over-year.
• First quarter revenue represents a 30% increase over the $8.3 million of combined revenue, a non-GAAP measure, of Quepasa and myYearbook during the same period a year ago.
  • Adjusted EBITDA, a non-GAAP measure, totaled $673 thousand, a significant improvement from Adjusted EBITDA of $10 thousand in the year ago period, and $1.0 million Adjusted EBITDA loss in the fourth quarter of 2011. Net loss allocable to common shareholders totaled $1.9 million in the first quarter of 2012, compared to a loss of $1.5 million in the same period of 2011.
  • Mobile monthly active users grew 15% in the quarter to 1.6 million in March from 1.4 million in December, 2011.
  • Quepasa Corporation achieved record visits, page views, and mobile traffic.

“We are pleased to share the first full quarter of the Quepasa – myYearbook consolidated financial results,” commented CEO John Abbott.  “Our financial results reflect, in part, our successful integration of our combined social advertising teams and products, resulting in a strong pipeline of business for our Social Theater product in Brazil and Mexico.  We believe that Social Theater’s success in Latin America bodes well for the internationalization of the MeetMe web and mobile platform.”

First Quarter 2012 Financial Highlights

• Revenue: Quepasa revenue for the first quarter of 2012 was $10.8 million, up 382% from the $2.2 million recorded in the same period in 2011, and up 72% compared to the $6.3 million reported in the fourth quarter of 2011.
• Net Loss: Quepasa net loss allocable to common shareholders for the first quarter of 2012 was $1.9 million or $0.05 per share, an increase from a net loss allocable to common shareholders of $1.5 million or $0.10 per share in the same period in 2011.
• Adjusted EBITDA: Quepasa adjusted EBITDA for the first quarter of 2012 was $673 thousand or $0.02 per basic and diluted share, an increase from the $10 thousand, or $0.00 per share, for the same period in 2011. (See the important discussion about the presentation of EBITDA and adjusted EBITDA loss, non-GAAP financial measures, and a reconciliation to the most directly comparable GAAP financial measure, below.)

• Balance Sheet: Quepasa cash and cash equivalents totaled $8.0 million at March 31, 2012.

Operating and Business Highlights

“The company made good progress on its mobile initiatives, launching a mobile virtual currency across iPhone and Android in the quarter,” noted COO Geoff Cook. “Mobile represents the majority of our daily logins but traditionally a single-digit percentage of revenue. March mobile revenue was up 68% versus January, and we expect future product launches to continue to increase mobile revenue throughout the year. Users are proving much more likely to purchase virtual currency on iPhone and Android than on the web.”

• As of March 31, 2012 registered users increased by 3.4 million users to 81.5 million, up from the 78.1 million reported at the end of the fourth quarter of 2011.
• Monthly Active Users on the core myYearbook platform averaged 3.2 million during the first quarter of 2012, and represented 62% growth over the 2.0 million MAU during same period a year ago, and nearly 9% growth sequentially.
• Page views on our social networking properties totaled 9.6 billion in the first quarter of 2012, up from 605 million page views in the same period of 2011. Sequentially, page views were up in the first quarter of 2012 from the 5.4 billion Quepasa reported in the fourth quarter of 2011.
• Visits totaled 336.9 million in the first quarter of 2012, up from the 63.5 million visits in the same period of 2011. Visits were up sequentially as well, from the 192.5 million in the fourth quarter of 2011.
• During the first quarter of 2012, Mobile Credits were introduced for the myYearbook mobile app on both Android and iPhone, increasing revenue from mobile by 68% from $199,000 in January, 2012 to $336,000 in March, 2012.
• During the first quarter of 2012, the Locals feature was launched on the myYearbook mobile apps and web site, leading to an increase in profile viewing and friend requesting.
• myYearbook achieved 58% of its traffic accessing on mobile devices.

Summary Financial Information and Operational Metrics ⁽¹⁾

(1)     Summary Financial Information and Operational Metrics reflect Quepasa Corporation as the reporting entity, and not combined data, unless otherwise noted.

(2)     Figures may not add due to rounding.

(3)     Excludes iOS application and device metrics.

(4)     See Use of Non-GAAP Financial Information below for important disclosure on combined revenue.

Conference Call Details

The Company will host a conference call to discuss its first quarter of 2012 financial results this afternoon at 4:30 p.m. ET. The conference call can be accessed by dialing toll-free 1-877-941-2069 or toll/International 1-480-629-9713. A webcast will also be available at the following link: https://viavid.webcasts.com/starthere.jsp?ei=1005254.  A replay of the call will also be available at the Investors section of quepasacorp.com for one year.

QUEPASA CORPORATION AND SUBSIDIARIES

 Consolidated Balance Sheets

QUEPASA CORPORATION AND SUBSIDIARIES

 Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

About Quepasa Corporation

Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. In April 2012, Quepasa announced plans of its platform rebrand to MeetMe™, part of a global strategy to expand how people discover and meet in an increasingly online and mobile world. The company makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. Quepasa has strong reach throughout the world, with a concentration of 81+ million users across the Americas and is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com. To find out more about the coming rebrand, please visit www.meetme.com or follow us on Twitter @meetme.

Cautionary Note Concerning Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding internationalization and mobile revenue.  All statements other than statements of historical facts contained in this press release, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that Latin American users are not willing to visit our site on a mobile platform, myYearbook and Quepasa users will be willing to purchase virtual currency for the various offerings, the effectiveness of the mobile software on smartphones and tablets, the risk that we are unable to monetize our mobile users, and the risk that we will lose a substantial number of users after moving our users to a single rebranded platform. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2011 filed on March 14, 2012. 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, except as may be required by law.

Important Disclosures

• Approximately 18.5% of Quepasa revenues for the three months ended March 31, 2012 came from one company of which a director of Quepasa is an officer or director.

Use of Non-GAAP Financial Information

On November 10, 2011, Quepasa Corporation and Insider Guides, Inc., owner of social network myYearbook, merged.  The combined revenue results for the first quarter 2011 give effect to the merger as if it had been completed as of January 1, 2011.  The combined revenue data is for informational purposes only and does not purport to present what our results would actually have been had the merger actually occurred on the dates presented or to project our results for any future period. The Company believes that evaluation of its financial performance can be enhanced by a presentation of combined results in order to evaluate its prior, current or future period results on a more meaningful, consistent year-over-year basis.

The Company uses financial measures which are not calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”) in evaluating its financial and operational decision making and as a means to evaluate period-to period comparison. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons.  The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

The Company defines EBITDA as earnings (or loss) before interest expense, income taxes, depreciation and amortization, and amortization of non-cash stock-based compensation. Quepasa excludes stock-based compensation because it is non-cash in nature.  The Company defines adjusted EBITDA as EBITDA excluding non-recurring acquisition and restructuring expenses and the goodwill impairment charge. Other companies (including the Company’s competitors) may define EBITDA and adjusted EBITDA differently.

EBITDA and adjusted EBITDA are non-GAAP financial measures and should not be considered as alternatives to net income, operating income, cash flow from operating activities, as a measure of Quepasa’s liquidity or any other financial measures.  It may not be indicative of the historical operating results of Quepasa nor is it intended to be predictive of potential future results.  Investors should not consider EBITDA and/or adjusted EBITDA in isolation or as substitutes for performance measures calculated in accordance with GAAP. See Reconciliation of GAAP Net (Loss) to EBITDA (Loss) and Adjusted EBITDA Income (Loss) for further information on these non-GAAP measures and reconciliation of GAAP Income (Loss) to EBITDA (Loss) and Adjusted EBITDA Income (Loss) for the periods indicated.

Contact:                               

Robin Shallow

EVP Communications & Public Relations

Quepasa Corporation

(215) 862-1162 x230

robin AT myyearbook.com

Investor Contact:

E. Brian Harvey

Vice President of Capital Markets and Investor Relations

Quepasa Corporation

(310) 801-1719

brian.harvey AT quepasacorp.com

Follow us on StockTwits or Twitter at QuepasaCorp

NEW HOPE, PA — April 30, 2012 — Quepasa Corporation (QPSA: NYSE Amex) today announced select preliminary unaudited financial results for the quarter ended March 31, 2012, which is the first full quarter following the closing of its merger with Insider Guides, Inc. (d/b/a myYearbook) in November of 2011. For the quarter, Quepasa expects to report revenues of $10.8 million and positive adjusted EBITDA, a non-GAAP financial measure, of $673,000 compared to a loss to common shareholders of approximately $1.9 million. This reflects a 382% growth in revenue over the same period one year ago.

The company plans to report final results for the 2012 first quarter on May 3, 2012 after the market close.

Conference Call Details
Management will host a conference call on May 3, 2012 at 4:30 p.m. (EDT) to discuss details and answer questions about the company’s first quarter of fiscal year 2012 financial results. The conference call can be accessed by dialing toll-free 1-877-941-2069 or toll/International 1-480-629-9713. A webcast will also be available at the following link: https://viavid.webcasts.com/starthere.jsp?ei=1005254. A replay of the call will also be available at the Investors section of quepasacorp.com for one year.

About Quepasa Corporation
Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. In April 2012, Quepasa announced plans of its platform rebrand to MeetMe™, part of a global strategy to expand how people discover and meet in an increasingly online and mobile world. The company makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. Quepasa has strong reach throughout the world, with a concentration of 78+ million users across the Americas and is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com. To find out more about the coming rebrand, please visit www.meetme.com or follow us on Twitter @meetme.

Unaudited Reconciliation of Adjusted EBITDA

Use of Non-GAAP Financial Information
The Company uses financial measures which are not calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”) in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparison. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company presents these non-GAAP financial measures because it believes them to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

Adjusted EBITDA. The Company defines adjusted EBITDA as earnings (or loss) before interest expense, income taxes, depreciation and amortization, and amortization of non-cash stock-based compensation excluding non-recurring acquisition and restructuring expenses and a goodwill impairment charge. Other companies (including the Company’s competitors) may define adjusted EBITDA differently.

Adjusted EBITDA is a non-GAAP financial measure and should not be considered as an alternative to net income, operating income, cash flow from operating activities, as a measure of Quepasa’s liquidity or any other financial measure. It may not be indicative of the historical operating results of Quepasa nor is it intended to be predictive of potential future results. Investors should not consider adjusted EBITDA in isolation or as substitutes for performance measures calculated in accordance with GAAP.

Contact:
Robin Shallow
EVP Communications & Public Relations
Quepasa Corporation
(215) 862-1162 x230
robinmyyearbookcom

Investor Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
brianharveyquepasacorpcom
Follow us on StockTwits or Twitter at QuepasaCorp

NEW HOPE, PA – April 25, 2012 – Quepasa Corporation (QPSA: NYSE Amex), the public market leader for social discovery and owner of North-American platform myYearbook and Latin American platform Quepasa, has announced the expansion of myYearbook’s mobile virtual currency monetization with the launch of Offers on mobile.

Now a user of myYearbook mobile may earn virtual currency, or Credits, by completing Offers such as installing Android apps or watching incented iPhone videos. Users spend these Credits on a variety of virtual items in the application. The company earns money on each completed Offer.

“Mobile daily usage on iPhone and Android experienced double-digit percentage growth since the start of the year, recently surpassing 60% of all daily myYearbook visitors logging in on mobile,” said Geoff Cook, COO, Quepasa Corporation. “While starting from a very small base, we are seeing encouraging signs of virtual currency monetization on the mobile platforms. In fact, since the launch of Credits on iPhone and Android in Q1, average daily revenue from purchased Credits has increased more than 300% over January, when Credits were available for purchase only on the web. Mobile users have been four to five times more likely to buy Credits than users on the web, primarily due to reduced payment friction.”

“The mobile Offer Wall should continue this strong growth in mobile revenue,” added Cook. “The model is effective on the web with 10% of web users in the fourth quarter completing an offer for virtual currency. We see no reason to think mobile users will behave differently.”

About Quepasa Corporation
Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. In April 2012, Quepasa announced plans of its platform rebrand to MeetMe™, part of a global strategy to expand how people discover and meet in an increasingly online and mobile world. The company makes meeting new people fun through social games and apps, monetized by both  advertising and virtual currency. Quepasa has strong reach throughout the world, with a concentration of 78+ million users across the Americas and is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com. To find out more about the coming rebrand, please visit www.meetme.com or follow us on Twitter @meetme.

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including continued strong growth in revenue and expectations from the launch of offers on mobile. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual 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 unexpected issues which could adversely affect usage on mobile devices, the willingness of our users to complete mobile offers. Further information on the company’s risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year-ended December 31, 2011. Any forward-looking statement made by the company in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
Robin Shallow
EVP Communications & Public Relations
Quepasa Corporation
(215) 862-1162 x230
robinmyyearbookcom

Media Inquiries:
Tammy Chan
Atomic PR for Quepasa Corporation
(212) 699-3646
tammyatomicprcom

Investor Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
brianharveyquepasacorpcom
Follow us on StockTwits or Twitter at QuepasaCorp

Financial results will be issued in a press release prior to the call, which will be hosted by Quepasa’s CEO John C. Abbott, CFO Mike Matte, and COO Geoff Cook.

Date: Thursday, May 3, 2012
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-Free Dial-In Number: 1-877-941-2069
Toll/International: 1-480-629-9713

Webcast Link: https://viavid.webcasts.com/starthere.jsp?ei=1005254

Please dial-in at least 5-10 minutes prior to the start time. You will be asked to register your name and organization. If you have any difficulty connecting with the call, please contact VP of Capital Markets and Investor Relations, Brian Harvey at 310-801-1719. A replay of the call will be available for one year at the Investors section of Quepasa’s corporate site, www.quepasacorp.com.

About Quepasa Corporation
Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. In April 2012, Quepasa announced plans of its platform rebrand to MeetMe™, part of a global strategy to expand how people discover and meet in an increasingly online and mobile world. The company makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. Quepasa has strong reach throughout the world, with a concentration of 78+ million users across the Americas and is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com. To find out more about the coming rebrand, please visit www.meetme.com or follow us on Twitter @meetme.

Contact:
Robin Shallow
EVP Communications & Public Relations
Quepasa Corporation – myYearbook
(215) 862-1162 x230
robinmyyearbookcom

Media Inquiries:
Tammy Chan
Atomic PR for myYearbook
(212) 699-3646
tammyatomicprcom

Investor Contact:
E. Brian Harvey
VP Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
brianharveyquepasacorpcom
Follow us on StockTwits or Twitter at QuepasaCorp

Listen to the interview on microCapClub or download it here.

In this interview with John Abbott, CEO of Quepasa Corp (soon to be MeetMe), we discuss:
- John’s Background before joining Quepasa
- The strategy behind the merger with MyYearBook
- Rebranding effort to MeetMe
- How MeetMe differentiates itself from other social networks
- The size, scope, and stickiness of MeetMe
- Mobile Strategy
- Social Gaming and Virtual Currency
- Talent behind the scenes at MeetMe
- Social Networking Valuations, Comps, and how MeetMe compares

Quepasa Corp Rebranding Webcast Presentation

Disclosure: No Position

View Article

New Brand Reflects the Company’s Positioning as the Public Market Leader in Social Discovery Ticker to Change to MEET Later This Year

NEW HOPE, PA – April 3, 2012 – Quepasa Corporation (QPSA: NYSE Amex), the public market leader for social discovery and owner of North-American platform myYearbook and Latin-American platform Quepasa, today announced that the company and its affiliated brands are being  consolidated and rebranded as MeetMe, establishing the company as the global social networking brand for meeting new people. The company will be rolling out the new name across all platforms later this year, beginning with myYearbook in July.

“MeetMe reflects the company’s mission – to build the leading social network for meeting new people – and underscores what our members across the Americas already expect each time they log in,” said John Abbott, CEO of Quepasa Corporation. “With MeetMe, we look forward to bringing the highly engaging mobile and web products that myYearbook created to a global audience. MeetMe is the natural next step in our effort to align the long-established mission of the company with the outward facing brand: to build a platform synonymous with meeting new people throughout the world.”

The company underwent a careful vetting process in selecting the new name, reviewing more than 1,000 candidate names and winnowing down the field through tens of thousands of surveys to users and non-users in more than a dozen countries. Among non-users, the MeetMe name was found to connote “meeting new people” and “friendship” – the #1 and #2 reasons users of Quepasa and myYearbook use each service, as the attached chart demonstrates.

“We are excited to seize upon our great momentum in mobile, our strong monetization, and our global footprint to drive growth and long-term shareholder value,” noted Geoff Cook, COO of Quepasa Corporation. “With MeetMe, we intend to realize our vision of a global brand for meeting new people. We will then combine the myYearbook and Quepasa user base into a single web and mobile platform and accelerate growth in Latin-America through strong mobile products. Over the course of time, we expect our usage pattern will be predominantly international, like other leading social services, as we work to internationalize the platform into half a dozen languages by the end of the year.”

“The MeetMe service will be a renaming of the myYearbook platform. This is consistent with the strategy articulated at the time of the Quepasa-myYearbook merger, as the myYearbook platform is more evolved from the standpoint of both engagement and monetization,” continued Cook. “At the time of the rebrand, the only thing changing is the name and logo. To our advertisers, MeetMe offers the same highly desirable audience, only larger, and the same advertising products delivering dramatic engagement and share of voice.”

Along with renaming the platform, the company will adopt a new logo. The new logo was chosen for its simplicity and timelessness, as well as for indicating “fun” and “friendly” – two of the main attributes of the current myYearbook and Quepasa brands. The new logo also contains a “smiley” face. Since inception in 2005, myYearbook’s logo has included a smiley face. The company chose to continue the smiley as a friendly symbol of the brand’s evolution throughout the years.

The company’s rebranding is founded on its long-term stake in global social discovery. The combined properties of Quepasa and myYearbook will establish MeetMe as the largest social network for meeting new people in the US. On the web, the company has one of the largest sites in the US, ranking in the top 40 most trafficked sites in the US by page views, according to comScore. For the myYearbook platform in particular, 2011 was a milestone year with active users up more than 40%, new registrations up more than 100%, visits up more than 75%, and page views up more than 100% in Q4 vs. the prior year.

To learn more about the coming rebrand, please visit www.meetme.com or follow the company on Twitter: @meetme.

Rebrand Conference Call
Quepasa will hold a conference call and webcast today at 10:00 am ET to discuss the rebranding. Listeners may access the conference call live through the following numbers:

Date: Tuesday, April 3, 2012
Time: 10:00 a.m. ET (7:00 a.m. PT)
Toll-Free Dial-In Number: 1-877-941-1427
Toll/International: 1-480-629-9664
Webcast Link: https://viavid.webcasts.com/starthere.jsp?ei=1004495

Please dial-in at least 5-10 minutes prior to the start time. You will be asked to register your name and organization. If you have any difficulty connecting with the call, please contact VP of Capital Markets and Investor Relations, Brian Harvey at 310-801-1719. A replay of the call will be available for one year at the Investors section of Quepasa’s corporate site, www.quepasacorp.com.

About Quepasa Corporation
Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of North-American platform myYearbook and Latin-American platform Quepasa. The company is currently consolidating its properties and branding to MeetMe, which will be completed later this year. The company makes meeting people fun through social games and apps, monetized through both advertising and virtual currency. In addition to Quepasa and myYearbook, the Company operates Quepasa Games, a cross-platform social game development studio. Quepasa has strong reach throughout the world, with a concentration across North and South America. Quepasa is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com, or join for free at www.Quepasa.com, www.myYearbook.com, or via the myYearbook app on iPhone, iPad, and Android.

Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including our momentum in mobile, driving growth and long-term shareholder value, our vision of a global brand for meeting new people, accelerating our growth in Latin America, expectations regarding our usage pattern, expected internationalization of our platform, and the anticipated monetization and growth in new markets from the internationalization of our platform. Forward-looking statements can be identified by  words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and  similar references to future periods.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forwardlooking 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 issues that affect the functionality of our mobile application with popular mobile operating systems, any changes in such operating systems that degrade our mobile application’s functionality and other unexpected issues which could adversely affect usage on mobile devices, the willingness of our users to purchase virtual credits on their mobile devices, acceptance of our new brand in Latin America and globally.

Further information on the company’s risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year-ended December 31, 2011 filed on March 14, 2012. Any forward-looking statement made by the company in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
Robin Shallow
EVP Communications & Public Relations
Quepasa Corporation
(215) 862-1162 x230
robinmyyearbookcom

Media Inquiries:
Tammy Chan
Atomic PR for Quepasa Corporation
(212) 699-3646
tammyatomicprcom

Investor Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
brianharveyquepasacorpcom
Follow us on StockTwits or Twitter at QuepasaCorp

Cook (who’s now COO) says both the myYearbook and Quepasa names don’t quite capture the current vision. myYearbook started out as a social working site for high schoolers, and even though it evolved into more of a social discovery service — one that’s increasingly mobile — the name still reflected its early roots. Meanwhile, Quepasa, which tries to do something similar for a Latin American audience, has a name suggesting a regional social network.

So starting in July, the myYearbook website, smartphone apps, tablet apps, and mobile website will all be rebranded as MeetMe. Then in September, the company plans to finish internationalizing myYearbook/MeetMe into Spanish and Portuguese, and that site will be replace the existing Quepasa product. The company itself, currently called Quepasa Corporation, will be renamed MeetMe, and it plans to change its stock ticker symbol (it’s traded on NYSE Amex) from QPSA to MEET sometime this summer.

“Having a single brand just makes it much easier to talk about the aims of the company,” Cook says. It should help with word-of-mouth, and also give MeetMe a single name for its continued international expansion. The name even performed well in test ad campaigns that the company ran earlier.

There’s plenty of competition for the industry crown, with competition from companies like Tagged and Badoo, not to mention new approaches to social discovery (albeit ones that are less directly competitive) like Highlight. Still, Cook sounds happy with MeetMe’s progress, claiming 2.8 billion pageviews per month, an Android app that was ranked the top-grossing social app by Google Play, and $36.8 million in revenue in 2011. And now his company has a name that spells out its “meet new people” goals more clearly than anyone else. View Article

New Hope, PA – March 28, 2012 – Quepasa Corporation (QPSA: NYSE Amex), the public market leader for social discovery and owner of North-American platform myYearbook and Latin-American platform Quepasa, today announced the launch of in-app purchasing in myYearbook’s flagship iPhone application.

“myYearbook for Android is now the top-grossing social application on Google Play (formerly Android Market),[1] according to Google’s rankings, since the launch of in-app purchasing one month ago on that platform. Today, we bring a similar freemium monetization engine to our iPhone app,” said Geoff Cook, Chief Operating Officer of Quepasa Corporation. “Our iPhone audience represents 20 percent of our daily active users and potentially the most monetizable. iPhone has less friction to payment than even web payments, as nearly every iPhone app user is just two taps away from payment — even free iPhone app downloads require an active iTunes billing profile.”

“We are excited at the opportunity for mobile monetization,” continues Cook. “We expect the share of revenue from mobile products will increase as smartphone penetration increases among our users, as payment friction is reduced on Android, and as we launch a mobile incented offers product in Q2.”

myYearbook for iPhone follows the Android product in now enabling users to self-promote and move up in Popularity Rank by activating three highly-trafficked Spotlight features, all targeted by age, gender and location:

• Spotlight Bar – Purchasers are promoted on the member dashboards of the website and mobile applications, resulting in significantly more attention for the duration of the feature, as measured by profile visitors and friend requests.

• Match Spotlight – Purchasers are given priority in Match, a popular feature aimed at meeting new people, substantially increasing the number of potential matches.

• Live Feed Spotlight – Purchasers can “pin” one of their feed posts to the top of the Feed for everyone to see, generating great discussions and more comments and likes than ever before!

All users receive a Popularity Rank based on the number of profile views, friend requests, secret admirers, likes, and comments they receive. Users can track their Popularity Rank over time, and every user’s Popularity is publicly visible on their profiles for easy comparison.

Available today, myYearbook members can use their iTunes billing profiles to purchase these products on the iPhone.

About Quepasa Corporation

Quepasa Corporation (QPSA: NYSE Amex) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. The company makes meeting new people fun through social games and apps, monetized through both advertising and virtual currency. In addition to Quepasa and myYearbook, the Company operates Quepasa Games, a cross-platform social game development studio. Quepasa has strong reach throughout the world, with a concentration across North and South America. Quepasa is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com, or join for free at www.Quepasa.com, myYearbook.com, or via the myYearbook app on iPhone, iPad, and Android.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements including the potential monetization of iPhone, opportunity for mobile monetization, expectations regarding revenues from virtual currency and launching an incented offers product in the second quarter.  Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual 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 issues that affect the functionality of our mobile application with popular mobile operating systems, any changes in such operating systems that degrade our mobile application’s functionality and other unexpected issues which could adversely affect usage on mobile devices, the willingness of our users to purchase virtual credits on their mobile devices and unexpected delays in releasing an incented offers product.

Further information on the Company’s risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year-ended December 31, 2011 filed on March 14, 2012. Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:                               

Robin Shallow

EVP Communications & Public Relations

Quepasa Corporation

(215) 862-1162 x230

robinmyyearbookcom  (robinmyyearbookcom)  

Media Inquiries:

Tammy Chan

Atomic PR for Quepasa Corporation

(212) 699-3646

tammyatomicprcom

Investor Contact:

E. Brian Harvey

Vice President of Capital Markets and Investor Relations

Quepasa Corporation

(310) 801-1719

brianharveyquepasacorpcom  (brianharveyquepasacorpcom)  

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