Press Release 1/14/99
Message 7302120
(COMTEX) B: CBQ, Inc. Retains the Law Firm of Patton Boggs, L.L.P.
B: CBQ, Inc. Retains the Law Firm of Patton Boggs, L.L.P.
DALLAS (Jan. 14) BUSINESS WIRE -Jan. 14, 1999--CBQ, Inc., (OTC BB:CBQI)
today announced that its wholly-owned subsidiary, CyberQuest, Inc., has
retained the services of Patton Boggs, L.L.P. as general counsel for
corporate and securities representation. With offices in Washington,
Baltimore, Md., Denver, Greensboro and Research Triangle Park, N.C.,
and Seattle, Patton Boggs has more than 270 lawyers and non-lawyer
specialists working in virtually every area of the law. CyberQuest,
Inc. has also retained the law firm of Anderson, Levine & Lintel of
Dallas for patent, trademark, copyright and other areas of intellectual
property.
CyberQuest Inc., developer of www.bid4it.com, is an Internet
market-maker. Using patent-pending proprietary software, CyberQuest has
created a virtual, Internet-based marketplace based on the principles
of securities trading. Unlike web auction sites, "bid4it" is a
completely automated electronic marketplace responding to supply and
demand producing a "true" market price for products based on the open
market interaction between Bidders and Sellers. Bidders interactively
bid on desired products and may modify or delete their "bids" at any
time before it matches the Seller's "ask" (asking price). The Seller
may accept any "bid" at any time and may modify or delete their "ask"
at any time before it matches a "bid." "Bid4it" allows sellers to
compete in a worldwide market for the buyers of all types of products.
Like the NASDAQ and NYSE stock exchanges, the Company's patent-pending
CyberMarketMaker(TM) integrates the best features of securities trading
and an auction market. Bidding activity is continually analyzed and
asking prices moved up or down in response to market activity. When a
"bid" and "ask" match, the transaction is electronically completed, and
the product is ordered and shipped to the buyer with instant
notification to all parties.
bid4it, CyberMarketMaker are trademarks of CyberQuest, Inc. CyberQuest
sub-licenses its bid4it software and related technologies to interested
parties in vertical markets.
NOTE: All trademarks are the property of their respective owners.
This press 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, please see the Company's filings with the Security 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.
For more information about CyberQuest visit: www.bid4it.com (bid4it
WebSite) www.cbq.com (Corporate WebSite).
-0- KO/na*
CONTACT: CyberQuest
Michael Sheriff, 888/378-3162 or 972/732-1100
sheriff@cbq.com,
KEYWORD: TEXAS DISTRICT OF COLUMBIA MARYLAND COLORADO NORTH CAROLINA
WASHINGTON
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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