WebSourced, Inc. Partners with Quepasa Corporation to Target Latin Community; Online Dating...

WebSourced, Inc. Partners with Quepasa Corporation to Target Latin Community; Online Dating Site Apreciar.com to Launch Spring 2004



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Research Triangle Park, NC–(HISPANIC PR WIRE – BUSINESS WIRE)–Feb. 27, 2004–WebSourced, Inc., the global leader in search engine marketing (http://www.websourced.com) – today announced a partnership with Quepasa Corporation (http://www.quepasa.com), a bilingual Internet portal and online community, to introduce an online dating site geared toward the Latin community.

WebSourced will build the site utilizing the same unique technology currently used in its online dating site, Cherish.com (http://www.cherish.com). Quepasa will provide promotional and advertising support for the new dating site via its own website.

S. Patrick “Pat” Martin, president and CEO of WebSourced stated, “We are excited to announce this partnership with Quepasa Corporation. We feel it will be a mutually beneficial endeavor and hope it will be the first of many.”

The business relationship will also benefit clients of WebSourced’s KeywordRanking.com division, which offers search engine optimization services to over 1,200 companies. WebSourced will partner with Quepasa in using its pay-per-click advertising service to drive traffic to client websites from Quepasa’s extensive Latin community.

Fernando Ascencio, president of Quepasa Corporation, stated, “We are delighted that WebSourced, Inc. has chosen Quepasa.com to use our expertise in the U.S. Hispanic market to introduce Apreciar.com to this community. We anticipate this new partnership will leverage Quepasa’s proprietary search engine to provide more relevant and comprehensive search results not only to the U.S. Hispanic but also to the Latin America market.”

The partnership with WebSourced allows Quepasa to provide the Latin community with an online dating site that is fun, safe and exciting.

In business since 1998, Quepasa’s proprietary search results are now featured on leading Hispanic online destinations throughout the U.S. and Latin America. In November, Quepasa announced the deployment of its wholly owned, proprietary search technology.

Founded by CEO and President S. Patrick Martin, WebSourced, Inc is the global leader in Internet marketing, with its KeywordRanking.com service specializing in improving website visibility in major search engines and Cherish.com offering online dating services. WebSourced is a subsidiary of CGI Holding Corporation (OTC Bulletin Board symbol: CGIH.OB). The company’s filings can be viewed at http://www.freeedgar.com. For additional information please visit http://www.cgiholding.com.

Statements made in this press release that express the company’s or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe”, “expect”, “intend”, “estimate”, “anticipate”, “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. Other factors that could cause the Company’s actual activities, results or performance to differ materially include risks and uncertainties relating to: litigation; liquidity problems; historical losses; weak balance sheet; payment obligations; inability to collect monies owed; capital needs; acquisitions financing, terms and conditions; volatile stock price; impending reverse stock split; integration of acquired businesses; managing growth; availability of skilled labor and key personnel; weak general economic and business conditions; competition; lack of long-term contracts; lack of brand awareness; client expectations; dependence upon the internet as a means for commerce; governmental regulation or taxation; inability to protect intellectual property; illiquidity of the Company’s stock; insider control; no dividends; Nevada laws that could discourage transactions involving the Company’s stock; and other factors and risks discussed in the Company’s filings with the Securities and Exchange Commission. The Company cannot guarantee future results, levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.

–30–NR/ny*

CONTACT:

WebSourced, Inc.

Cindy Akus

919-277-1151

WebSourced, Inc. Partners with Quepasa Corporation to Target Latin Community; Online Dating Site Apreciar.com to Launch Spring 2004