(COMTEX) B: CBQ, Inc. Announces Substantial Increase in Ingram Micro'
B: CBQ, Inc. Announces Substantial Increase in Ingram Micro's Vendor Line of
Credit
HUNT VALLEY, Md., May 2, 2001 (BUSINESS WIRE) -- CBQ, Inc. (OTCBB:CBQI), the
E-Business Infrastructure Company, announces today a substantial increase in
Ingram Micro's vendor line of credit, enhancing CBQ's liquidity position and
vendor relationships. The amount of the increased credit line will not be
disclosed due to confidentiality terms in the agreement. Ingram Micro is one of
the industry's premier suppliers of networking hardware and connectivity
components.
"Ingram Micro, along with our other lenders and vendors, will generate a great
source of strength and support for our company as we continue to implement our
strategic growth-oriented initiatives," said Chairman and CEO Bart Fisher.
"Ingram Micro's commitment will enhance our relationships with our key vendors,
and allow CBQ to pursue the same path to expanded growth as Dell followed while
using vendor relationships to finance growth initiatives."
"We are pleased that Ingram Micro has approved CBQ to be provided this new level
of committed credit support. This credit line validates the substantial progress
made by CBQ in a difficult retail environment, and represents our vendor's vote
of confidence in the Company," stated Russell Fisher, COO CBQ Netserve. "Through
our Vendors CBQ will be able to maintain strong deliveries and quality
performance with CBQ growing client base.
About CBQ, Inc.
CBQ, Inc. is a full service, end-to-end e-Business solution provider through its
software-outsourcing subsidiary EasySoft International Inc., Beijing, China and
Miami, Fl.; technology and network Integration engineering services subsidiary
Networkland, Rosslyn, Virginia; software programming and development subsidiary
Technet Computer Services, Inc., India and Tyson's Corner, Virginia, and network
integration subsidiary, CBQ NETSERV, Hunt Valley, MD.
For more information on CBQ, Inc., visit 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.
CONTACT: CBQ Investor Relations, Coral Springs, Fla.
Gary Swancey, 954/757-0582
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KEYWORD: MARYLAND DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: E-COMMERCE
NETWORKING
HARDWARE
SOFTWARE
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