The Meet Group, Inc. (NASDAQ:MEET)

WEST PALM BEACH, FL--(Marketwire - February 1, 2011)Quepasa Corporation has executed a definitive agreement to acquire XtFt Games S/S Ltda (XtFt), the owner of substantially all the assets of TechFront Desenvolvimento de Software S/S Ltda (TechFront), a social game development studio based in Curitiba, Brazil.

Founded in 2006 as a developer of multiplatform console, Web and mobile games, TechFront began developing social games for the Orkut platform in 2010 in partnership with various international publishers, including U.S.-based eGames.

"The addition of TechFront's talented team provides Quepasa with the means to offer and monetize culturally relevant social games to our Quepasa.com member base and other audience networks, like Orkut and Facebook, and eventually to mobile users across Latin America," said John C. Abbott, CEO of Quepasa.