Expected to be Worth $3.5 - $4 Million
SCOTTSDALE, Ariz., June 11 /PRNewswire-FirstCall/ -- Quepasa Corporation (the "Company") (NASDAQ:QPSA), one of the largest, bicultural, Latino online communities, received an advertising buy commitment expected to be worth $3.5 to $4.0 million, from a strategic partner seeking to foster better cross border relations. The commitment is the largest, single advertising commitment received by Quepasa.com, the Company's Latino-focused online media site.
Robert B. Stearns, Chairman and Chief Executive Officer of Quepasa Corporation, commented, "Quepasa continues to gain momentum by providing advertisers and members with content more substantive than just entertainment. This latest advertising commitment reflects the increased opportunities we are seeing and the new clout and prominence of the Latino demographic. The strength of Quepasa's relations in Mexico and the U.S. position us to benefit on both sides of the border." The advertising revenues, which are expected to be received against the commitment throughout the remainder of 2007, will be placed on Quepasa.com and Todos Trabajando, Quepasa.com's employment channel initiative in Mexico. As part of the commitment, the strategic partner would also sponsor a Latino news channel expected to launch on Quepasa.com during the third quarter of 2007, and several education initiatives being developed by Quepasa.
About Quepasa Corporation Quepasa Corporation owns Quepasa.com, the largest bicultural, Hispanic internet community in the world. Quepasa is committed to providing entertaining, enriching, and empowering products and services to its community members. Quepasa provides services to millions of Hispanic and Latino users throughout the U.S. and certain areas of Latin America. Headquartered in Scottsdale, Arizona, Quepasa maintains sales offices in New York, NY, Miami, FL, and Mexico City and technical operations in Hermosillo, Mexico. For more information, visit http://www.quepasacorp.com/ Quepasa.com, Quepasa, and the Quepasa.com logo are registered trademarks of Quepasa Corporation and/or its affiliates in the United States and certain other countries.
Safe Harbor/Forward Looking Statements of Quepasa Corporation Statements in this press release that refer to plans and expectations for the future are forward-looking statements that involve a number of risks and uncertainties. A number of factors could cause future results to differ materially from historical results, or from results or outcomes currently expected or sought by the Company. In addition to the Risk Factors described in Item 1 of the Company's Form 10-KSB Report for the fiscal year ended December 31, 2006, these factors include, but are not limited to, the possibility of liability for information displayed or accessed via the Company's website and for other commerce-related activities; competition in the operation of websites and in the provision of information retrieval services; changing laws, rules, and regulations; potential liability for breaches of security on the Internet; dependence on third party databases and computer systems; competition from traditional media companies; new technologies that could block the Company's ability to advertise; and, with respect to the matters described in this press release, the fact that the commitment is non-binding and that the expected advertising revenues may not materialize in the expected amounts..
Contacts: The Ruth Group
David Pasquale, 646-536-7006 Gerrard Lobo, 646-536-7023
DATASOURCE: Quepasa Corporation CONTACT: David Pasquale, +1-646-536-7006, , or Gerrard Lobo, +1-646-536-7023, , both of The Ruth Group, for Quepasa Corporation Web site: http://www.quepasacorp.com/ http://www.quepasa.com/
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