Quepasa Inc., the creator and operator of www.quepasa.com, an online social network for the Latino community, yesterday announced its common stock has been approved for listing on the NYSE Amex under the ticker symbol QPSA, effective January 21, 2011.
“We expect our listing on the NYSE Amex to significantly enhance Quepasa’s visibility, liquidity and suitability for a broader investment audience,” John C. Abbott, CEO of Quepasa stated in the press release. “NYSE Amex offers a powerful global trading platform along with strong recognition and prominence in both the U.S. and the international markets in which we operate.”
Scott Cutler, executive vice president and co-head of U.S. Listings and Cash Execution of NYSE Euronext, stated, “We welcome Quepasa Corporation to the NYSE Euronext family of listed companies. Quepasa shareholders will benefit from the superior market quality, services and technology provided by NYSE Amex, and we look forward to a strong, lasting partnership.”
Quepasa caters to a wide spectrum of users, providing a platform in English, Spanish and Portuguese. The company grew its membership base by 255 percent in 2010 to total more than 27.2 million registered users. As the majority contributor of this growth, Brazil accounted for 24 percent of new users in December. The company reported Mexico as the second largest contributor at 14 percent of new users.
The company is headquartered in West Palm Beach, Fla., with offices in Los Angeles, Scottsdale, Miami, and Hermosillo, Mexico.
For more information visit www.quepasacorp.com or www.Quepasa.com