Bought back into PASA today - up in AH's, per news today: Monday January 24, 3:13 pm Eastern Time
Company Press Release
Quepasa.com Announces Fourth Quarter Membership
PHOENIX--(BUSINESS WIRE)--Jan. 24, 2000--Quepasa.com, (Nasdaq:PASA - news) the premier online community for U.S. Hispanics, today announced fourth quarter 1999 membership grew to 210,000 registered members, an increase of 108% over the third quarter 1999, with 64% of the quarterly growth in the month of December alone. Based on these results and recent partnerships with NetZero and Net2Phone, the Company expects significant membership growth in 2000.
``Our growth rate is accelerating as consumers gravitate to the preeminent bilingual Web site serving the rapidly growing U.S. Hispanic market,' said Gary L. Trujillo, Chairman and CEO of quepasa.com. ``We are very excited with the membership growth quepasa.com generated during the fourth quarter which underscores the compelling appeal of the quepasa.com Web site. We are confident that quepasa.com will continue to grow significantly in 2000 as we further leverage our knowledge of our customers and our ability to deliver culturally relevant content and services in both English and Spanish.'
Quepasa.com recently entered into several strategic alliances and pending acquisitions further establishing quepasa.com as the premier online community for U.S. Hispanics. To enhance content and services to the U.S. Hispanic community, quepasa.com recently announced definitive agreements to acquire a full function auction site, eTrato.com and to acquire an online credit and personal finance company, Credito.com. Quepasa.com also added premium services for its members including Internet Telephony from Net2Phone and free hard drive storage from X:drive.
To further enhance the Company's marketing strategy, quepasa.com entered into an exclusive relationship with NetZero, the nation's largest provider of free Internet service based on number of registered users. During the first quarter of 2000, quepasa.com will implement an aggressive CD marketing campaign and will distribute to the Latino community approximately two million highly targeted software CD's containing the NetZero free Internet service and quepasa.com co-branded start page.
``Our strategy and partnerships are very focused to achieve significant results in 2000. Quepasa.com clearly intends to dominate the U.S. Hispanic market,' Mr. Trujillo concluded.
About quepasa.com
Quepasa.com provides the rapidly growing U.S. Hispanic market with information and interactive content available in both Spanish and English. The site was founded in 1998 and includes a search engine, free e-mail, free Web pages, Spanish-language news feeds, worldwide weather information, chat rooms, games, maps, and message boards. Quepasa.com has entered into strategic partnerships with leading providers of media, content and technology including: NetZero, Inc., Reuters NewMedia, Inc., Associated Press, Agencia EFE, Hispanic Business Magazine, Screaming Media, Inc., AutoNation, Inc., Net2Phone, Inc., X:drive, Telemundo Network Group, Fox Sports World Espanol, WeatherLabs, Inc., Inktomi, and GTE Internetworking.
Certain statements in this release regarding the Company's expected future business and prospects constitute ``forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and involve certain risks and uncertainties that could cause actual results to differ materially from any such statement, including risks and uncertainties discussed in the Prospectus as amended, of quepasa.com, which discussions are incorporated herein by reference.
--------------------------------------------------------------------------------
Contact:
PepperCom, New York
Kenneth W. Juarez
(212) 931-6138
kjuarez@peppercom.com
or
quepasa.com
Michele D. Vahsen
(602) 716-0100 ext. 259
mvahsen@quepasa.com |
