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February 28, 2008

MercadoLibre, Inc. to Report Fourth Quarter and Full Year 2007 Results

BUENOS AIRES, Argentina, Feb 28, 2008 (PrimeNewswire via COMTEX News Network) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its fourth fiscal quarter ended December 31st, 2007 and full year 2007 on March 5th, 2008 after the close of the day's trading. The Company will host a conference call and audio webcast on March 5th, 2008 at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing (719) 325-4891 and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com/. An archive of the webcast will be available for one week following the conclusion of the conference call.

About MercadoLibre

MercadoLibre is the largest online trading platform in Latin America. We are market leaders in e-commerce in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views during 2006. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over 550 million people and a region with one of the world's fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America.

The MercadoLibre, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4193

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This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: MercadoLibre, Inc.

MercadoLibre, Inc. Investor Relations:
Pedro Arnt
(54.11) 5352-8000

Media Relations:
Lorena Diaz Quijano
(54.11) 5352-8026
lorena.diazquijano@mercadolibre.com



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