Quepasa Continues to Execute to Perfection
The Quepasa Corp (QPSA.OB) investor conference call was one of the best Q2 calls (of any company) I’ve listened during this earnings season. I have owned the stock since January, and after many conversations with management, I can say without a doubt that they've executed their plans to perfection thus far. Quepasa Corp owns Quepasa.com, one of the world's largest, 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 currently the only publicly traded social network. The membership has grown from 7.6 million members at YE 2009 to over 17 million members today. Quepasa.com added 1.6 million members in the past 30 days, and targeting 23-25 million members by YE 2010. QPSA has begun monetizing this membership base through DSM advertising (launched Q1 2010), social games (launched Q2 2010), Online Dating (Q2 2010), Skill Based Games (est Q4 2010), and mobile games (est Q4 2010). The company’s management team, board of directors, and advisory board are the who’s who of Silicon Valley. With most growing social networks valued between $20-50 per member, QPSA has a long way to go to reach fair value. The company is currently at cash flow breakeven. If the company continues to be successful in monetizing its membership, the sky is the limit. On the CC management spoke about one member that spent $500 in the last 30 days on one social game on Quepasa.com. The investor CC yesterday was very good, please click the presentation below to view:Complete Story »
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