Shoudl Have known ... news CBQI ... CBQ, Inc. Announces Closing Date Set for Completion of the Acquisition of
1stinhealth.com.
Business Editors
ADDISON, Texas and HASBROUCK HEIGHTS, N.J.--(BUSINESS WIRE)--
Feb. 3, 2000--CBQ, Inc. (OTC BB:CBQI) The E-Business Marketplace
announced today that is has set February 10 through February 11, 2000,
as the date to complete the acquisition of 1stinhealth(R).com, Inc,
which is located in Hasbrouck Heights, N.J.
1stinhealth.com, Inc. has a national health, nutrition and
fitness benefit Program. Companies, organizations and groups
representing over two million (2,000,000) individuals have indicated
to 1stinhealth that they will offer their employees/members the
1stinhealth Benefit Program this year.
Over 500,000 providers of health, nutrition and fitness goods and
services accept the 1stinhealth card as payment for their goods and
services from 1stinhealth members. The 1stinhealth benefit program is
not insurance, but a complement to ALL existing types of insurance
programs and enables its card members to receive a Preferred Price
Advantage(R) at Participating Providers. The eight benefit programs
offered by 1stinhealth(R) include:
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Total Medical RxPlus Vision Dental Mental Health
Alternative Medicine Cosmetic & Beauty Fitness
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The Internet site www.1strxplus.com will be completed and ready
to accept e-commerce transactions from 1stinhealth cardmembers by the
first week of March 2000. On this site cardmembers can purchase with
their 1stinhealth card prescription medications; generic
over-the-counter medications; over 15,000 different vitamins, minerals
and supplements from over 500 of the leading manufacturers; health
food; durable medical equipment and supplies and diabetic supplies.
The every day Preferred Price Advantage that 1stinhealth cardmembers
will enjoy, plus free shipping will make this site an attractive
benefit to 1stinhealth cardmembers. Non-Members will be able to enroll
for a special group membership directly through the 1strxplus website,
making the site part of 1stinhealth.com, Inc.'s total vertically
integrated marketing strategy to meet its enrollment and utilization
goals.
The Company has agreements with Labor Unions, corporations,
insurers, third-party administrators and associations to offer its
Benefit Program currently. As two example of typical relationships,
1stinhealth.com, Inc. has entered into both provider and marketing
agreements with The Wellness and Longevity Center www.wlcconsult.com,
an Internet-based provider of alternative medicine whose site receives
over 100,000 hits daily. The Company has also entered into a
relationship with the IMA Group, an industry association for massage
therapists. IMA will offer its current membership of over 25,000 the
1stinhealth benefit program as an additional benefit of the IMA
membership and also give the massage therapists the opportunity to
enroll in 1stinhealth as participating providers. Both Companies are
establishing reciprocal links on their websites.
The Company is developing several additional relationships such
as these to drive traffic to its website www.1stinhealth.com, increase
enrollment and drive business to its participating providers. CBQ,
Inc. will be providing the integrating its prioritycash.com internet
payment gateway into all of 1stinhealth.com's websites as well as
making available its prioritylink.com free dial-up internet access to
1stinhealth card members.
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 customer's e-business
initiatives. ChinaSoft, Inc. is a wholly-owned subsidiary of CBQ,
Inc., that is a joint-venture partner with CCSoft Technology
Developing, Ltd. (formerly, Beijing Zhongruan Zhixun Technology
Developing Co.) Services include Software Development services for
Enterprise computing, and Internet Development Services. For more
information about CCSoft, visit www.ccsoft.com.cn. 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.
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CONTACT: VGS Marketing Group, Inc.
Valerie Gabriel-Swenson, 972/395-9034
vgs@onramp.net
or
1stinhealth.com
Susan Kaplan, 201/696-4110
or
China Partners, Inc./ChinaSoft/Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
or
CBQ, Inc.
John Harris, 972/732-1100 |
