CBQI! More great news.
(BSNS WIRE) CBQ, Inc. Affiliate ChinaSoft, Inc. Announces Exclusive Dist
CBQ, Inc. Affiliate ChinaSoft, Inc. Announces Exclusive Distribution Agreement
for China's Voice Over IP Solution in Fast Growing Multi-Billion Dollar
Telecommunications Industry
Business Editors & High Tech Writers
ADDISON, Texas--(BUSINESS WIRE)--Jan. 27, 2000--CBQ, Inc. The
E-Business Marketplace (OTCBB:CBQI) announced today that its affiliate
ChinaSoft, Inc. has secured an exclusive distribution agreement with
CCSoft Technology Developing, Ltd. (formerly, Beijing Zhongruan Zhixun
Technology Developing Co.) to sell CCS IP LINK, their Voice Over IP
(VOIP) Phone Exchange System. This system is currently the only Voice
Over IP Solution authorized for use on the China Unicom Telecom
Network. Some of the largest customers of CCSoft include China
Unicom's Head Office and all of its Branch Offices, 21 Century Hotel
and the Gloria Plaza Hotel.
CCS IP LINK allows users to utilize the Internet to place and
receive telephone calls saving well over 70% in long distance charges
and expanding the services that telephone companies can provide. The
system interfaces with several of the most popular PBX systems
including Nortel (NYSE:NT), NEC (NYSE:NIPNY) and Toshiba and provides
real-time billing, and also supports prepaid telephone calling
platforms.
"After seeing a demonstration of this product's capabilities I
see a large opportunity for both ChinaSoft and the resellers that we
have access through our relationship with TechnologyNet.com,"
commented John Harris, CEO, CBQ, Inc. "Competitive Local Exchange
Carriers (CLEC) and their customers could immediately benefit from
implementing solutions such as CSS IP LINK. We are very excited about
bringing this cutting edge technology to global markets and taking
advantage of the vast technical resources that China has available."
"This is the first of many opportunities to expand our
relationship with our partners in China, " said Bart S. Fisher,
Chairman, ChinaSoft, Inc. "This product highlights the technical
capabilities of the software development community in China and
affirms our confidence in introducing these exciting products to other
markets around the globe."
"Our talented team of software developers have created a
revolutionary product for not only China but the global marketplace, "
said Chang Guomin, President, CCSoft Technology Developing Co., Ltd.
"IP LINK represents the next generation in Voice-Over-IP business
solutions. We are proud to launch this product outside of China."
About Chinasoft, Inc.
Chinasoft, Inc. is a wholly owned subsidiary of CBQ, Inc., that
is a joint-venture partner with CCSoft Technology Developing, Ltd.
(formerly, Beijing Zhongruan Zhixun Technology Developing Co.)
Services include Software Development services for Enterprise
computing, and Internet Development Services. For more information
about CCSoft, visit www.ccsoft.com.cn .
About CBQ
CBQ, Inc. The E-Business Marketplace is a total end-to-end
provider for implementing customer driven e-business solutions.
Through its subsidiaries, Reliance Technologies, Inc. and Priority One
Electronic Commerce Corp. it can design, implement, host, build
traffic and process payments for its customer's e-business
initiatives. ChinaSoft, Inc. is a wholly owned subsidiary of CBQ,
Inc., that is affiliated with Beijing Zhongruan Zhixun Technology
Development Co. Services include Software Development services for
Enterprise computing and Internet Development Services. China
Partners, Inc. is a wholly owned subsidiary of CBQ, Inc., Its primary
focus is facilitating trade and investment opportunities between U.S.
and Chinese companies through its trade portal Chinapartners.net.
CBQcare.net, provides a Web-based health care management system
with applications such as practice management software for patient
scheduling, referrals, messaging, charting, insurance claim
generation, prescription and formulary management.
For more information, visit www.cbq.com
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.
--30--LS/na*
CONTACT: VGS Marketing Group Inc.
Valerie Gabriel-Swenson, 972/395-9034
vgs@onramp.net
or
China Partners Inc./ChinaSoft/Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
or
CBQ Inc.
John Harris, 972/732-1100
investors@cbq.com
KEYWORD: TEXAS INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS SOFTWARE E-COMMERCE
INTERNET TELECOMMUNICATIONS MARKETING AGREEMENTS
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