BUENOS AIRES, Argentina, Nov. 13, 2008 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NasdaqGM:MELI - News) (http://www.mercadolibre.com) today announced that the Company is scheduled to present at the UBS Global Technology & Services Conference on November 20, 2008 at 3:15 p.m. Eastern Time in New York City.

A live webcast of the presentation can be accessed via the Company's website at http://investor.mercadolibre.com under the Events & Presentations section. The presentation slides may also be accessed via the Company's website.

About MercadoLibre

MercadoLibre is the largest online commerce platform in Latin America. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views during the third quarter of 2008. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a population 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.

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

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

MELI_G

          MercadoLibre
          Investor Relations:
          Pedro Arnt
            pedro@mercadolibre.com
            http://investor.mercadolibre.com
          Media Relations:
          Lorena Diaz Quijano
            (54.11) 5352-8026
            lorena.diazquijano@mercadolibre.com