CBQ, Inc. -- The E-Business Marketplace Prepares Application for Listing on
NASDAQ Small Cap Market
Business Editors
ADDISON, Texas--(BUSINESS WIRE)--Jan. 7, 2000--CBQ, Inc.
(OTC BB:CBQI) The E-Business Marketplace announced today that it has
filed form 8-A with the Securities and Exchange Commission to become a
fully reporting company in preparation for submitting its application
to NASDAQ for listing on the NASDAQ Small Cap Market.
In conjunction with the preparation of this application, CBQ has
added two outside board members and adopted rules that follow the
corporate governance guidelines as described in the NASD regulations.
"As we move into the next phase of our growth, a listing on the
NASDAQ Small Cap Market, the most dynamic exchange for technology
companies, would enhance our visibility, credibility, and most
importantly our shareholder value," said John Harris, Chief Executive
Officer. "The addition of outside directors familiar with the global
economy to our board will give CBQ an important resource to help guide
our market expansion."
CBQ, Inc. has submitted its form 8-A and has prepared the
application and is awaiting a final count of shareholders to complete
the application package. CBQ, Inc. anticipates receiving this
information by the end of next week CBQ, Inc. is currently traded on
the Over-the-Counter Bulletin Board System (OTCBB) under the symbol
CBQI.
About CBQ
CBQ, Inc. The E-Business Marketplace is a total end-to-end
provider for implementing customer driven e-business solutions.
Through its subsidiaries, 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. ChinaSoft, Inc. is a wholly owned subsidiary of CBQ,
Inc., that is affiliated with Beijing Zhongruan Zhixun Technology
Development Co. Services include Software Development services for
Enterprise computing and Internet Development Services. China
Partners, Inc. is a wholly owned subsidiary of CBQ, Inc. Its primary
focus is facilitating trade and investment opportunities between U.S.
and Chinese companies through its trade portal Chinapartners.net.
CBQcare.net provides a Web-based health care management system with
applications such as practice management software for patient
scheduling, referrals, messaging, charting, insurance claim
generation, prescription and formulary management.
For more information, visit www.cbq.com.
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.
--30--na/da*
CONTACT: VGS Marketing Group, Inc.
Valerie Gabriel-Swenson, 972/395-9034
(Direct Line, 972/741-4400)
vgs@onramp.net
or
China Partners, Inc./ChinaSoft/Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
or
CBQ, Inc., Dallas
John Harris, 972/732-1100
investors@cbq.com |
