(COMTEX) B: CBQ INC - Confirms Plans to Import Computers from China Prod
B: CBQ INC - Confirms Plans to Import Computers from China Products - To
Include Personal Computers, Notebook Computers, and Handheld - Devices
New York, New York, Aug 16, 2001 (Market News Publishing via COMTEX) -- CBQ,
Inc. confirmed its plans to import personal computers, notebook computers, and
Internet enabled handheld devices from China into the U.S. marketplace. To date
Chinese companies have generally not sold finished computers into the U.S.
market but have instead sold motherboards and limited numbers of components such
as monitors.
CBQ executives, including Bart S. Fisher, Chairman and CEO of CBQ, Dr. Wei Sun,
President Easysoft International, met in Shenzhen, China, and Beijing, China,
during the past two weeks with two of China's five leading computer
manufacturers to discuss the import deals.
"The prospect of importing computers from China is very exciting and will mark a
sea change in the Information Technology hardware field," said Bart S. Fisher,
Chairman and CEO of CBQ, Inc. "We fully expect China's computers to be of the
highest quality and very price competitive in the U.S. marketplace -- about 40%
below comparable U.S. prices in some lines -- and we intend to be a leading
distributor of the Chinese products in the U.S. market through our Networkland
affiliate. The extension of CBQ's China presence from software to hardware is a
logical development for the company, and will greatly deepen CBQ's involvement
in China as it enters the World Trade Organization and deepens its commercial
involvement with the United States."
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, FL; provides technology and network Integration
engineering services through its subsidiary CBQ Networkland, Rosslyn, Virginia;
provides software programming and development though its subsidiary CBQ Technet
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: TEL: 954/757-0582 CBQ Investor Relations, Coral Springs,
Gary Swancey
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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