(COMTEX) B: CBQ Announces Establishment of New Banking Relationship
B: CBQ Announces Establishment of New Banking Relationship
HUNT VALLEY, Md., Jun 19, 2001 (BUSINESS WIRE) -- CBQ, Inc. (OTCBB:CBQI) The
E-Business Infrastructure Company, announced today that it has resolved all
outstanding financial issues with Suntrust, which had been the pre-existing bank
used by Quantum Technology Group, acquired by CBQ on August 8, 2000.
CBQ has opened a new banking relationship with First Union, and is in
discussions with other banks such as Bank of America, and Allfirst.
"CBQ is very pleased to have resolved all of its outstanding financial issues
with Suntrust through its payments last week," said Bart S. Fisher, Chairman and
CEO of CBQ. "We appreciate the consideration and professional manner in which we
were able to move on to new banking relationships."
"We are examining new offers of capital from venture capital firms, and
individual investors," Fisher said.
Bart Fisher will be featured in a live interview and Q&A session on Yahoo's
Interactive Media Exchange Stock Club's Chat area Tuesday June 19, 2001 at 8:00
PM. To participate with in the live online interview and Q&A, merely join the
Yahoo stock club at clubs.yahoo.com.
About CBQ, Inc.
CBQ, Inc. is a full service, end-to-end e-Business solution provider, which
provides software-outsourcing through its subsidiary CBQ EasySoft International
Inc., Beijing, China and Miami, Fla.; provides technology and network
Integration engineering services through its subsidiary CBQ Networkland,
Rosslyn, Virginia; provides software programming and development though its
subsidiary CBQTechnet Computer Services, Inc., India and Tyson's Corner,
Virginia; and provides network integration though its subsidiary, CBQ NETSERV,
Hunt Valley, MD. For more information on CBQ, Inc., visit cbq.com.
Also a Shareholder Summary is located at marketex.net.
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: CBQ Investor Relations, Coral Springs, Fla.
Gary Swancey, 954/757-0582
URL: businesswire.com
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KEYWORD: MARYLAND DISTRICT OF COLUMBIA VIRGINIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
E-COMMERCE
INTERNET
NETWORKING
SOFTWARE
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