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Quepasa Corp. Partners With eGames to Publish and Distribute Social Game Titles(January 03, 2011)
WEST PALM BEACH, FL -- (Marketwire) -- 01/03/11 -- Quepasa Corporation (OTCBB: QPSA), creator and operator of Quepasa.com, a rapidly growing online social network for the Latino community, announced today that it has signed a publishing and distribution agreement with eGames, Inc., a leading developer and publisher of casual online games.
The agreement provides for the addition of five new social game titles to Quepasa.com beginning in January 2011, building on the success of the other games on Quepasa's Open Social Developer platform. Further, the agreement allows Quepasa to act as a distributor on eGames' behalf. In this capacity, Quepasa will publish and promote eGames' titles to relevant third party social media platforms. This gives eGames the opportunity to leverage Quepasa's expertise and resources in the Latin American market, and opens up an additional revenue channel for Quepasa.
"We expect eGames' titles to drive the engagement and monetization of Quepasa's rapidly growing Latino user base, now totaling more than 25 million," said John Abbott, CEO of Quepasa. "We are also excited to position ourselves as both a publisher and distributor in the Latin marketplace; we believe this differentiated strategy will put us in a strong position in a post-Facebook social gaming environment."
"This partnership will kick off with some of the strongest internally-developed titles in our company's history," said Jerry Klein, president and CEO of eGames. "Quepasa's large, growing userbase provides an ideal audience to drive rapid adoption and monetization of these games, and we believe the company's support with the distribution of our titles in Latin America will bring us both great success."
eGames, Inc. develops and publishes casual games for leading Social Networks, the PC, Nintendo DS and Wii, iPhone, and the Internet, including The Dracula Files, Burger Island®, Burger Island 2: The Missing Ingredient, Satisfashion®, Purrfect Pet Shop®, and more. eGames is headquartered in Langhorne, Pennsylvania. Additional information can be found at www.egames.com.
About Quepasa Corporation
Quepasa Corporation (OTCBB: QPSA), owns Quepasa.com, one of the world's largest and fastest growing 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 Quepasa, 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 about launching and monetizing social games, about being in a strong position in a post-Facebook social gaming environment and future success. 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 our users willingness to use the games and purchase enhancements, currency fluctuations and Quepasa's ability to hedge its risks and development of payment systems outside of the U.S.
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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