Quepasa.com continued to see strong growth in its Brazilian user base, which accounted for 24% of new users in December. This represented the largest source of new users, and maintained Quepasa.com's position as the fastest growing social network in Brazil on a percentage basis. Mexico remained the second largest contributor at 14% of new users.

Dubbed the Spanish version of Facebook, Quepasa has seen its stock rise from around $3.00 to nearly $12.00 a share over the past 12-months. The success in Quepasa may be their targeting their own niche within the social networking and Latino sector. This direct targeting of specific demographics within the social networking community is a smart marketing concept, and if their user numbers may be any indication the company looks to be achieving critical-mass in becoming a leader within this booming sector.

Another social networking company that may have its eyes set on demographic specific targets in Cephas Holding Corp. (OTC:CEHC), a developer of social networking and mobile applications. The Company recently confirmed it has signed a letter of intent with San Diego based mobile development company eMbience, Inc. to explore such ideas as marketing of eMbience Brand Builder turnkey mobile development platform, development of mobile social networking and business applications, and potential merger between both companies, or their affiliates.

India Social Network

eMbience, is the North American technical and distribution partner for their India based division Mast Mobile Media Pvt. Ltd, which currently has offices in Mumbai, Bangalore, and New Delhi, India. Mr. Shrivastava is the Founder of US based eMbience, and CEO of India based Mart Mobile Media. www.mastmobilemedia.com

In addition to potentially developing applications for the US market, both parties will also explore developing both mobile and web-based social networking opportunities in the growing India, and South Asian markets. (CEHC chart)

India has more than 400 million mobile phone subscribers with more than 100 million+ GPRS enabled mobile phones, which allow users to connect to the internet.

Social Networking IPO's

As many now speculate Facebook may be one step closer to filing an initial public offering, it's safe to say there will be many more social networking and media related companies looking to take advantage of this growing trend by taking their companies to market. To receive updates on new social media and networking companies planning to come to market register to our IPO Watch newsletter at -  www.wallstreetnewscast.com/ipowatch.html 


WSNC Investor NewsWire Service

Founded in 1999, Wall Street Newscast provides active day traders and investors with updates, unbiased research opinions, and chart analysis on some of the most active micro cap stocks. WSNC offers both public and private companies a wide-range of investor awareness, media, and promotional services to help showcase their companies to the general investment community. For more information on our service please visit - www.wallstreetnewscast.com/services/

This research report includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.