CBQI news.
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Friday December 3, 12:00 pm Eastern Time
Company Press Release
SOURCE: CBQ Inc.
CBQ Partners with Bidland.com to Relaunch bid4it.com
Bidland.com Provides Auction Technology for CBQ's Business-to-Business Auction Site
SAN DIEGO and DALLAS, Dec. 3 /PRNewswire/ -- Powered by Bidland.com's online auction enabling technology, CBQ Inc. (OTC Bulletin Board:
CBQI - news) has relaunched its bid4it.com auction site. Using the completely Web-based Bidland.com auction service provider application, bid4it.com will offer manufacturers of all types the opportunity to utilize business-to-business Internet auctions to sell excess inventory more profitably than through traditional liquidation methods.
''Companies selling business to business are discovering the untapped sales channel of Internet auctions,'' stated John Harris, CEO of CBQ, Inc. ''The bid4it.com Website is another example of our strategy to align ourselves with content and technology providers that enable rapid go to market implementations. The Bidland.com auction technology has allowed us to quickly and effectively add this valuable capability to CBQ's suite of e-business services.''
Focused on business to business auctions, the bid4it.com web site will provide a year-round auction marketplace for manufacturers. Auction categories and lots will be added on a regular basis as it develops content partnerships with other businesses.
The open Bidland.com architecture allows CBQ Inc. to directly interface the auction site with CBQ's Priority One Electronic Commerce Corporation electronic funds transfer services, providing users seamless processing of both ACH and credit card transactions. The Bidland.com technology is also exceptionally easy for both bidders and sellers to use, making the site even more user friendly.
The Bidland.com technology allows businesses of any size to get on-line, build and launch customized auction sites quickly and inexpensively. The Bidland.com on-line tools give businesses total control in designing, updating, and managing auctions. Companies can directly integrate the technology into an existing site or have Bidland.com host stand-alone auctions for customers that are new to the Web.
''Auctioning is now viewed as an essential component of the e-commerce marketplace,'' said Doug Augustine, CEO and Co-Founder of Bidland.com.
''On-line auctions expose products to the worldwide market and build a community of buyers and sellers.''
About CBQ, Inc., The E-Business Marketplace
CBQ, Inc., the E-Business Marketplace, ( www.cbq.com ) is a total end-to-end provider for implementing customer driven e-business solutions. Through its subsidiaries, Cyberquest, Inc., Reliance Technologies, Inc. and Priority One Electronic commerce Corp., it can design, implement, host, build traffic, and process payments for its customers e-business initiatives.
About Bidland.com
Bidland.com ( www.bidland.com ) provides businesses of all sizes with an easy-to-use Web application for launching and managing customized on-line auctions. The hosted auction enabling technology can be seamlessly integrated into companies' Web sites, delivering their look, their brand, and their products. Bidland.com's low cost service requires minimal technical support and allows businesses to build, launch, and manage on-line auctions in as little as thirty minutes.
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.
For more information about CBQ Inc., The E-Business Marketplace, visit: www.cbq.com or contact Investor Relations at 972-732-1100.
Contact: Press, John Harris of CBQ Inc., 972-732-1100, or investors@cbq.com, or Steve Simon of S&S Public Relations, Inc., 847-955-0700, or Steve@sspr.com, for Bidland.com.
SOURCE: CBQ Inc. |
