!NEWS! - CBQI. (COMTEX) B: CBQ Announces Distributor Arrangement with Chinese Computer
B: CBQ Announces Distributor Arrangement with Chinese Computer Producer
BEIJING, China & HUNT VALLEY, Md., Aug 22, 2001 (BUSINESS WIRE) -- CBQ, Inc.
(OTCBB:CBQI) announced today that it has become a distributor in the United
States for Superior Computer Corporation, the fifth-largest computer producer in
China. Superior is based in Beijing, China.
The distributor relationship covers the entire line of computers produced in
China, including personal computers, laptop computers, and personal digital
assistants.
While several Chinese producers have sold computer components to the U.S.
market, including motherboards and monitors, this is the first generalized
Chinese distribution effort for finished computers in the United States.
China exported nearly one million computers (mostly to Asia and Europe) in the
first half of 2000, a significant 665% increase over 1999, indicating that it is
poised for further export growth. The value of the computers exported from China
in the first half of 2000 was $384.9 million. China produced an estimated 5
million computers in 2000.
"We are very pleased to be working with CBQ," said Zhang Jian Jun, President,
Superior Computer Corporation. "We believe the United States is a promising
market and that American consumers will appreciate the quality of our products."
"CBQ will do its best to develop the American computer market for Superior,"
said Bart S. Fisher, Chairman and CEO of CBQ. "Once again, as in software
outsourcing through our ChinaSoft affiliate, CBQ has secured the first mover
advantage in China."
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; 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 Inc., Coral Springs, Fla.
Gary Swancey, 954/757-0582
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KEYWORD: MARYLAND DISTRICT OF COLUMBIA CHINA INTERNATIONAL
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
E-COMMERCE
SOFTWARE
NETWORKING
HARDWARE
MARKETING
AGREEMENTS
SOURCE:
CBQ,
Inc.
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