Quepasa Corporation Receives Letter of Compliance With NASDAQ Market Value Requirement

Posted on: August 5th, 2008
Filed Under: [ Business ] [ Press Releases ] [ Blogante Business ]
Knowledge is Power!

“Quepasa Corporation (NasdaqCM:QPSA - News), owner of Quepasa.com, an online social community for young Latinos, has received formal notice from NASDAQ of compliance with Rule 4310(c)(3)(A) regarding stockholders’ equity.

“We are pleased to regain compliance with the NASDAQ Listing Requirement as a result of meeting the minimum stockholders equity provision,” said John C. Abbot, Quepasa Chief Executive Officer. “Quepasa is making strong progress, both in terms of our financial metrics and our business initiatives. We have a detailed product and services roadmap and look forward to announcing a number of new and innovative concepts that will continue to enhance the Quepasa site and provide a fun and interesting environment for our members.”

About Quepasa Corporation

Quepasa Corporation (NasdaqCM:QPSA - News), headquartered in West Palm Beach, FL (with offices in Los Angeles, Scottsdale, Miami and Hermosillo, MX), owns Quepasa.com, an online social community for young Latinos in the U.S. and Latin countries committed to providing fun, interactive, and easy to use social tools and rich multimedia content to embrace Latinos and empower them to connect on-line and share their interests, ideas, and activities.”

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