Press Release UUNET to provide Internet Dial-up Access for Y-PAY
Message 8281809
Friday March 12, 3:01 am Eastern Time
Company Press Release
Net Access Exchange Signs Agreement With UUNET to Provide
Internet Dial-up Access for Y-PAY? Free Internet Service
DALLAS--(BUSINESS WIRE)--March 12, 1999--CBQ Inc. (OTC BB:CBQI - news), Friday announced that Net Access Exchange Inc., a company in which CBQ recently acquired an interest, has signed an agreement with UUNET Technologies Inc. under which UUNET will provide Internet dial-up access for Net Access Exchange's free Internet service, Y-PAY?(tm).
Commenting on the agreement, Michael L. Sheriff, chief executive officer of CBQ, said: ''Based on the response we are receiving, we believe the Y-PAY? free Internet access service is going to be extremely popular. The free Internet service concept is already seeing significant growth with NetZero Inc. in the United States and other companies in Europe.
''We believe our full page ad display technology and demographic targeting is more attractive to advertisers and friendlier to users, and superior to what is currently available,'' Sheriff continued. ''As a result, it is very important to us to support the Y-PAY? subscribers with the best Internet service possible. UUNET is a recognized pioneer and leader in providing Internet communications.
''They're the best in the industry, and that's exactly what we intend to provide to our users. We are proud to be working with companies like UUNET and Ericsson Inc. to bring the best value and satisfaction to our subscribers and advertisers alike.''
UUNET Technologies, a division of MCI/Worldcom Inc., has the highest capacity, most rigorously engineered and most reliable Internet TCP/IP
backbone in the world. Its system has more than 50 dedicated access hubs and more than 1,100 dial-up points of presence (POPs) worldwide. UUNET currently provides local Internet services in more than 850 cities and 51 countries around the world.
Net Access Exchange, under the Y-PAY? brand, plans to offer free Internet service and e-mail to users in the United States. Based upon the proven model for commercial radio and television, Net Access Exchange provides free Internet access in exchange for the subscribers viewing full-page advertisements, which display during the ''wait time'' between Web page loading.
Ads do not disrupt pages, nor take-away from users' bandwidth. Anticipating strong consumer demand for the service from its planned nationwide launch in July, and in response to growing interest in ''free Internet,'' Net Access has opened its Web site for pre-registration at www.y-pay.net.
Working with Ericsson Network Intelligence(tm) in a strategic relationship, Net Access Exchange will utilize Ericsson's ''Internet Advertiser'' application. Ericsson's ''Internet Advertiser'' effectively distributes targeted messages and advertising to the Internet user based on the user's profile,location, time of Internet use and interests.
Utilizing a unique fraud control capability, it will allow Net Access to guarantee to advertisers that the advertisements are being viewed rather than bypassed by the Internet users.
More About CBQ:
CBQ's wholly owned subsidiary, CyberQuest Inc. is the developer of www.bid4it.com, a virtual, Internet-based marketplace based on the principles of securities trading. bid4it is a completely automated electronic marketplace that produces a ''true'' market price for products based on the open market interaction between bidders and sellers.
For more information about CyberQuest visit www.bid4it.com (bid4it Web site) and www.cbq.com (corporate Web site).
Note to Editors: bid4it and CyberMarketMaker are trademarks of CyberQuest Inc. CyberQuest sub-licenses the bid4it software and related technologies
to interested parties. All other trademarks are the property of their respective owners.
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. Prospective investors are cautioned that
forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations.
Contact:
CBQ Inc., Dallas
Michael Sheriff, 972/732-1100
sheriff@cbq.com
or
Magnum Financial Group
Michael Manahan, 213/488-0443
msmanahan@magnumfinancial.com |
