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(COMTEX) B: CBQ Becomes Exclusive Distributor in the United States for C
B: CBQ Becomes Exclusive Distributor in the United States for Chinese Computer
Producer
BEIJING, China & ARLINGTON, Va., Oct 10, 2001 (BUSINESS WIRE) -- CBQ, Inc.
(OTCBB:CBQI) announced today that it has become the exclusive distributor in the
United States for Superior Computer Corporation, the fifth-largest computer
producer in China. CBQ thus becomes the first U.S. company to distribute in the
United States computers from a China-owned enterprise.
The agreement was signed in Beijing, China, on October 1, by Bart S. Fisher,
Chairman and CEO of CBQ, Inc., and Zhang Jian Jun, Chairman of Superior Computer
Corporation. Under the agreement CBQ is the exclusive distributor in the United
States for Superior, having the exclusive right to market the products of
Superior, including computers for the home and office, laptop computers,
personal digital assistants, and other products of Superior. Superior Computer
has 50 retail outlets in China, including 30 in Beijing. For additional
information on Superior see chaoqun.com.cn.
CBQ has begun the importation of laptop computers from Superior, which will be
the first Chinese laptop computer offered in the United States. Marketing of
laptop computers by CBQ has commenced with large chains and other outlets.
The Government of China has indicated that it will support exports of computers
from China through export financing. China's exports of computers in the first
half of 2000 increased 665% over 1999, indicating that the computer sector is
poised for additional export growth. China produced an estimated 5 million
computers in 1999.
"We are aiming to have Chinese laptops to U.S. consumers by Christmas," said
Bart S. Fisher, Chairman and CEO of CBQ. "Both in terms of quality and price,
CBQ will present a great product in what is the fastest-growing segment of the
U.S. computer market. It is no secret that U.S. consumers are seeking
lower-priced merchandise in the computer market, and we will have a strong entry
in the field. CBQ has additional products in the pipeline for importation from
China, which will be imported by China Partners, a wholly owned trading company
affiliate of CBQ."
About CBQ, Inc.
CBQ, Inc. is a full service, end-to-end e-Business solution IT provider, which
offers a complete range of software and consulting services such as custom
application development, software outsourcing, business-technology consulting,
Internet and e-business consulting, system integration, architects of the
Internet infrastructure, re-engineering, sustenance and provides service and
maintenance with offices in China and the US. CBQ is the US distributor for
Superior Computers in China. For more information on CBQ, Inc., visit
cbq.com
Safe Harbor:
This news release includes forward-looking statements related to CBQ, Inc. that
involve risks and uncertainties, including, but not limited to, quarterly
fluctuations in results, the management of growth, market acceptance of certain
products and other risks. These forward-looking statements are made in reliance
on the "safe-harbor" provisions of the Private Securities Litigation Reform Act
of 1995. For further information about these factors that could affect CBQ's
future results, see the company's filings with the Securities and Exchange
Commission (the "Commission"). Prospective investors are cautioned that
forward-looking statements are not guarantees of future performance. Actual
results may differ materially from management expectations.
CONTACT: CBQ Investor Relations, Coral Springs, Fla.
Gary Swancey, 954/757-0582
URL: businesswire.com
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Copyright (C) 2001 Business Wire. All rights reserved.
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KEYWORD: VIRGINIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
RETAIL
INTERNET
E-COMMERCE
SOFTWARE
SOURCE:
CBQ,
Inc.
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