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MercadoLibre, Inc. to Report Fourth Quarter and Full Year 2010 Financial Results

BUENOS AIRES, Argentina, Feb. 16, 2011 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its fourth fiscal quarter ended December 31, 2010 and full year 2010 on February 23, 2011 after the close of the day's trading.

The Company will host a conference call and audio webcast on February 23, 2011 at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing (970)315-0420 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.com is the leading internet trading platform in Latin America where millions of users meet to buy and sell a wide range of goods and services in an easy, entertaining, secure and efficient way. MercadoLibre has operations in 13 countries including Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, Venezuela and Portugal. MercadoLibre.com is the leading e-commerce platform in Latin America based on unique visitors and page views during 2010.

For more information about MercadoLibre.com, visit: http://investor.mercadolibre.com

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

CONTACT: MercadoLibre, Inc.

         Investor Relations Contact: Pedro Arnt

         investor@mercadolibre.com

         http://investor.mercadolibre.com

         Media Relations Contact: Valeria Bazzi

         Valeria.bazzi@mercadolibre.com

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