CBQ Licenses bid4it Technology
Message 9322746
DALLAS--(BUSINESS WIRE)--May 4, 1999--CBQ Inc. (OTC BB:CBQI) announced
today announced that it has licensed its ''bid4it'' technology to eeParts.com, Inc., a Delaware
corporation.
eeParts.com, Inc. will operate a Web site which will function as an electronic trading market for buyers
and sellers of electronic and computer components in the electronic components spot market. This
electronic trading market will function similar to a Nasdaq-style stock exchange. Sellers will be able to
anonymously post the ask price and lot size for their available products on eeParts' Web site. Buyers
can then respond to the seller's ask price by anonymously accepting the price as offered or posting a
bid price, which the seller optionally may accept. When a bid and ask match, a trade is executed.
The market for electronic components exceeded $154 billion in 1998. The market is projected to grow
at an annual average rate of 18% reaching $219 billion in the year 2000. The electronic components
spot market, a subset of the electronics components market, exceeded $2.4 billion in 1998, and is
projected to grow at an average rate of 18% reaching $3.4 billion in the year 2000.
CyberQuest Inc., a wholly-owned subsidiary of CBQ, Inc., headquartered in Dallas, and developer of
www.bid4it.com is an Internet market-maker company. Using patent-pending proprietary software,
CyberQuest creates virtual Internet-based marketplaces based on the principles of securities trading.
Superior to Web auction sites, bid4it(TM) is a completely automated electronic marketplace responding
to supply and demand producing the true market price for a product based on the interaction between
Bidders and Sellers. It integrates the best features of securities trading and an auction market. Bidders
interactively bid on desired products and may modify or delete their ''bid'' at any time before it matches
the Seller's ''ask'' (asking price). ''Bid4it'' allows the seller to compete in a worldwide market for the
buyers of its products. The Seller may accept any ''bid'' at any time and may modify or delete their
''ask'' at any time before it matches a ''bid''.
The Company's patent-pending CyberMarketMaker(TM), an artificial intelligent software engine,
continually analyzes bidding activity and moves asking prices up or down in response to market
activity; evaluating all criteria of a bid and ask before creating a match and an order. When a ''bid'' and
''ask'' match, bid4it electronically completes the transaction in a split second and the product is ordered
and shipped to the buyer with instant notification to all parties.
For more information about CyberQuest visit www.bid4it.com (bid4it Web site) and www.cbq.com
(Corporate Web site).
bid4it and CyberMarketMaker are trademarks of CyberQuest, Inc. CyberQuest sub-licenses the bid4it
software and related technologies to interested parties.
NOTE: All other 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.
Contact:
CONTACTS: CBQ, Inc., Dallas
Michael Sheriff, 972/732-1100
sheriff@cbq.com
or
Investor Relations:
Magnum Financial Group
Michael Manahan, 213/488-0443
msmanahan@magnumfinancial.com
Also check these 2 links Concerning EEparts.com
Message 9971836
Message 9757904 |
