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                                                                    EXHIBIT 20.1

         Quepasa.com Announces Cost Reduction Program To
         Enhance Competitive Position; To Reduce Workforce by
         Approximately One Third

           PHOENIX--(BUSINESS WIRE)--May 9, 2000--Quepasa.com (Nasdaq:
           PASA), the premier online community for U.S. Hispanics, today
           announced that the Company will be reducing its workforce by
           approximately one third over the next 60 days as part of
           management's effort to further enhance the Company's
           competitive position.

           The announcement comes after the Company announced record
           first quarter results. During the first quarter impressions
           on the quepasa.com Web site grew by 144% over the fourth
           quarter 1999, reaching 58.7 million, registered users
           increased by 67% over the fourth quarter 1999 to 350,000 and
           revenue grew by 104%.

           "After spending a significant amount of effort and capital to
           build a strong market presence, we are now focusing on
           enhancing our competitive position through more efficient
           asset utilization," said Gary L. Trujillo, Chairman and CEO
           of quepasa.com. "Over the balance of the year we will
           continue to evaluate staffing levels as we explore further
           opportunities. We have expended significant effort in
           creating the initial infrastructure for our Web site,
           building the quepasa.com brand and achieving top-of-mind
           awareness in the Hispanic community. Now as we go forward,
           quepasa.com will continue to invest its significant cash
           balance in executing our business plan. In additional,
           through our previously announced partnerships, we are growing
           quepasa.com's brand awareness and increasing our registered
           users and impressions by offering the U.S. Hispanic community
           free Internet access and increased access to computers."

           The Company will take a one time, non-material restructuring
           charge associated with the workforce reduction in its second
           fiscal quarter, ending June 30, 2000.

           About quepasa.com:

           Quepasa.com provides the rapidly growing U.S. Hispanic market
           with information and interactive content available in both
           Spanish and English. The site was founded in 1998 and
           includes a search engine, free e-mail, Spanish-language news
           feeds, worldwide weather information, chat rooms, games, maps
           and message boards. Quepasa.com has entered into strategic
           alliances with leading providers of media, content and
           technology including: NetZero, Inc.; Reuters NewMedia, Inc.;
           Associated Press; Agencia EFE; Hispanic Business Magazine;
           AutoNation, Inc.; Net2Phone, Inc.; X:drive; Telemundo Network
           Group; Internet Wire, Inc.; WeatherLabs, Inc.; e-lingo;
           WorldGate Communications, Inc.; Inktomi; Salud.com;
           Egreetings Network, CriticalPath and GTE Internetworking.

           The statements in this press release regarding future
           performance and growth are forward-looking statements that
           are made pursuant to the safe harbor provisions of the
           Private Securities Litigation Reform Act of 1995. These
           forward-looking statements involve risks and uncertainties
           that could cause actual results to differ materially. Factors
           that could cause or contribute to such differences include,
           but are not limited to those set forth in quepasa.com's
           documents filed the Securities and Exchange Commission.