com
http://www.com Inc .

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About Hispanic Business
Hispanic Business magazine is a monthly publication for and about Hispanic
entrepreneurs and professionals.
In print for more than 25 years, HISPANIC BUSINESS magazine targets the
most educated, affluent Hispanic business and community leaders.

Readers are referred to the documents filed by Quepasa with the SEC,
specifically the most recent reports on Form 10-K, 10-Q and 8-K, each as it
may be amended from time to time, which identify important risk factors that
could cause actual results to differ from those contained in forward -looking
statements.

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cracked.S.

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For additional information, interview requests or a sample copy , please
contact:

Monty Sarhan
Cracked Entertainment, Inc.

Quepasa Signs Exclusive Search Distribution Agreement With Hispanic Business Magazine

Hispanic market and include profiles of successful entrepreneurs,
analysis of economic trends, and news and data on such topics as government
procurement, workplace diversity, politics, advertising, entertainment, and
events.

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The new owners plan to revive CRACKED through a complete redesign, a new
editorial focus and an eventual return to publishing the magazine on a monthly
basis.

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Long-term, management
plans to explore opportunities to expand the CRACKED brand through other
media, including the development of animated and live-action content for
television, film and the Internet.
Sarhan feels that there is still a strong demand for humor on the newsstand
and points to the success of "The Onion" as one example that print comedy is
alive and well.

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"CRACKED is more than a magazine. It is a successful 47-year-old brand in
the comedy space.
The company sees these as developments that can enhance CRACKED as a
magazine.
With search results featured on leading online destinations throughout the
U.com logo are registered trademarks
of Quepasa.

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PHOENIX, Quepasa Corporation
(OTC Bulletin Board: QPSA) announced on Wednesday an exclusive search
distribution agreement with Hispanic Business Inc.

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Continuously published since 1958, CRACKED is one of the oldest humor
magazines and the only surviving competitor of Time Warner's MAD Magazine.

About Cracked Entertainment , Inc. HISPANIC
BUSINESS magazine won the prestigious Maggie Award for "Best Business +
Finance Magazine," and is syndicated by the New York Times Company.

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"We are sharply focused on driving increased value to
industry partners such as Hispanic Business through better quality,
customization and revenue-generating capabilities for America's hottest
emerging online niche market. Feature stories highlight significant trends
in the U. and/or its affiliates in the United States and certain
other countries.

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New Owners Target Relaunch of Publication for Fall '05

NEW YORK, A consortium of investors today
announced that it had acquired CRACKED Magazine, one of America's oldest humor
magazines, for an undisclosed sum.

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The new company will be called Cracked Entertainment , Inc. "We don't view the Internet, TV or cable as threats to CRACKED, but
rather, we see them as new opportunities to reach our audience alongside the
print magazine. The challenge is
to embrace new opportunities, not shy away from them," Sarhan added.
617-755-3290
ms@cracked.

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ereleases . and certain sites in Latin America, Quepasa search partners include Miami
based Hispanic Digital Network (HDN), Latinbusca, Batanga, LaOpinion, Hispanic
PR Wire, and Hispanic Business Magazine, among others. Editorial content also is useful to media and marketing professionals
with an interest in trends in the Hispanic marketplace.

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For more information,
visit http://www. Under the terms of the agreement, Quepasa is the exclusive
provider of paid search listings for HispanicBusiness .

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Few brands have had that kind of longevity, and we will seek
not only to build on CRACKED's past accomplishments, but also to reposition
and re-imagine the brand and to achieve even greater success ," stated Sarhan.
Based in New York, Cracked Entertainment (http://www.com, Quepasa, and the Quepasa .

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Monty Sarhan, a
successful entrepreneur and attorney, will join as Publisher and CEO of the
new company.
Since CRACKED's inception, the market for humor has shifted dramatically ,
especially with the proliferation of cable television and the Internet.

"

About Quepasa Corporation
Serving the Latino population since 1998, Quepasa is a leading provider of
targeted digital media solutions for the quickly growing Hispanic market. Among the important factors or risks that could cause actual
events to differ materially from projections or forward -looking statements
are: potential fluctuations in quarterly results; risks associated with the
Internet infrastructure and regulation; risks associated with International
regulations and/or International law, specifically Mexican regulations or
Mexican law; volatility of stock price; financial risk management; risks
associated with litigation; dependence on new product development; rapid
technological and market change; acquisition strategy; volatility of stock
price; financial risk management; and future growth subject to risks.

For further information please contact: Charles Mathews of Quepasa
Corporation, +1-602-716-0100 ext.

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Quepasa.

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Investor Group Acquires CRACKED Magazine

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com.

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We need to focus first and foremost on content creation, and
then on delivery of that content through multiple channels.com) is the
publisher of the well-known CRACKED Magazine, one of America 's oldest and most
well-known humor magazines.
"This search distribution agreement underscores Quepasa's leadership
position within the Hispanic Internet," said Fernando Ascencio, President,
Quepasa Corporation.

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The acquisition marks a new chapter in CRACKED's history
and a return of the magazine 's operations to New York. A
strong newsstand performer throughout the 1990s, CRACKED was known for its
irreverent entertainment media parodies and celebrity readership (including
the likes of Stephen King and Jerry Seinfeld)., the publisher of Hispanic
Business Magazine. 258.

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and will be
based in New York. The company refused to reveal details of CRACKED's new look, stating
only that it will break with CRACKED's pure illustrated format and move to
become a full-color glossy featuring a mix of material.

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However, in recent years, due
to several changes in ownership and a switch to a bi -monthly schedule, sales
of the magazine dropped.com

This release was issued through eReleases (TM).com in both English and
Spanish.

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