Quepasa Corporation regains compliance with NASDAQ Market Value Requirement.

Quepasa Corporation has received formal notice from NASDAQ that since the Company’s market value has been $35 million or greater for 10 consecutive trading days, the company has regained compliance with the rule 4310 (c) (3) and the matter is now closed.

“We are happy to regain compliance with the NASDAQ Listing Requirement as a result of our market value, and are eager to continue to execute on the formal plan we submitted to NASDAQ on April 21, 2008,” said John Abbot, Quepasa Chief Executive Officer. “We recognize the volatility of the markets and believe that regaining positive equity in excess of the NASDAQ minimum requirement will only strengthen the balance sheet of the company. We are excited about the progress we have made since the new management
team took over just six months ago and look forward to announcing some innovative networking concepts that will be new to the Latino markets.”