(COMTEX) B: Affiliate Quantum Net Technologies, Announced an Infrastr
B: Affiliate Quantum Net Technologies, Announced an Infrastructure System
Hardware Order for Approximately $500,000.00.
New York, New York, Jan 24, 2001 (Market News Publishing via COMTEX) -- CBQ,
Inc., the E-Business Infrastructure Company, announced its wholly owned
affiliate, Quantum Net technologies has received an infrastructure system
hardware order for approximately $500,000.00 and is in the process of filling
the order.
The name of the existing Atlanta-based customer is being withheld due to a
contractual confidential covenant. Quantum expects two substantial additional
orders to follow in the near future.
"The core business is performing extremely well and its backlog continues to
grow as indicated by the recent order from Sylvan Learning Systems," said Bart
S. Fisher, Chairman and CEO of CBQ, Inc. "The public's awareness of CBQ is
beginning to grow also as conveyed by this article in the Maryland Daily Record
on January 20, 2001."
Hunt Valley Web company undergoes major overhaul like its client, Orioles /
Quantum Net Technologies merges with CBQ to leverage global staff and become
player for Fortune 1000 business / By BOB KEAVENEY Daily Record Business Writer
www.mddailyrecord.com/archives/1_169_statewide/businessnews/21109-1 .html
"Quantum Net is working diligently on redesigning CBQ's website," said Gino
Manna, President and Chief Technology Officer (CTO) of Quantum Net Technologies.
"Various organizational changes are occurring in the development of the business
model for CBQ/Quantum, which are being incorporated into the new web design."
About CBQ, Inc.
CBQ, Inc. - The E-Business Infrastructure Company is an end-to-end provider for
implementing customer-driven e-business solutions. Through its subsidiaries,
Quantum Net Technologies and ChinaSoft, it provides a full range of network
integration and infrastructure services, software development, and web-based
solutions, as well as information technology outsourcing resources. For more
information about CBQ, Inc., visit cbq.com.
Quantum Net Technologies Inc. ("QNT"), - located in Hunt Valley, Maryland is one
of the leaders in web-based and database application development, and strives to
provide enterprises with the highest quality of infrastructure necessary to
operate efficiently in the Internet and e-business economy. For additional
information on Quantum Net Technologies, Inc. or services offered, visit
qnettech.com or contact QNT at 800/296-9670.
ChinaSoft, Inc. - is a wholly owned subsidiary of CBQ, Inc. that is a joint
venture partner with CCSoft Technology Developing, Ltd., Beijing, China. Its
services include Software Development for Enterprise computing and Internet
development. For more information about CCSoft, visit ccsoft.com.cn.
Safe Harbor: 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.
CONTACT: TEL: (770) 389-5645 Gary Swancey, CBQ, Inc.
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
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KEYWORD: New York, New York
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