Friday March 26, 11:40 am Eastern Time
Company Press Release
Message 8543922
CBQ Names Tony Benton Chief Technology Officer
DALLAS--(BUSINESS WIRE)--March 26, 1999--CBQ Inc. (OTC BB: CBQI - news) Friday announced that it has named Tony Benton Chief Technology Officer (CTO).
Benton is currently serving as Vice President/CTO of Reliance Technologies Inc., a wholly owned subsidiary of CBQ. In 1993, Benton founded JAB Computer Consulting (JAB) to take advantage of the advent of the World Wide Web and Internet growth.
JAB worked with clients such as Hilton Hotel Reservations, NU-Skin, Central and Southwest Corp. to design and implement Web-based solutions providing significant value and investment.
Reliance Technologies is the result of the merger of JAB and TopherNet Inc. Greg Allen, currently serving as President/CEO of Reliance Technologies, founded TopherNet in 1995 as a high-end Internet provider, providing quality access and Web hosting to individual and corporate clients in North Texas.
This merger brought together the talents and infrastructure of TopherNet's Internet services and JAB's sophisticated Web/software solutions, especially in the area of e-commerce.
Reliance Technologies' customer base of over 725 clients includes United Media Features of New York (Dilbert and Snoopy e-commerce sites), Snelling Personnel Services, Benchmark Electronics, and Delco-Remy, as well as many individual accounts.
Michael L. Sheriff, CEO of CBQ, stated: ''Greg and Tony add real value to our organization, especially considering their Internet track record. Adding them, as well as their talented people to our team, are steps forward in our strategy to become a dominant provider of Internet-based, e-commerce solutions.''
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 of products based on the open market interaction between bidders and sellers.
Bidders electronically bid (''Bid'') on desired products and may modify or delete their bids at any time before the Bid matches a Sellers ''asking price'' (''Ask''). 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.
For more information about CyberQuest visit www.bid4it.com (bid4it WebSite) and www.cbq.com (Corporate WebSite).
bid4it and CyberMarketMaker are trademarks of CyberQuest. CyberQuest sub-licenses the bid4it software and related technologies to interested parties. NOTE: 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, please 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 Inc.
Michael Sheriff, 972/732-1100
sheriff@cbq.com
or
Magnum Financial Group
Michael Manahan, 213/488-0443
msmanahan@magnumfinancial.com
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