"NEWS" Monday December 3, 8:36 am Eastern Time
Press Release
SOURCE: CBQ, Inc.
CBQ, Inc. Announces Appointment of New President/CEO
ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 3, 2001--CBQ, Inc., (OTCBB:CBQI - news)
The E-Business Marketplace, announced today the appointment of a new President and
Chief Executive Officer, as part of the relocation of its operations from Arlington, VA to
Pembroke Pines, FL.
The new President/CEO of CBQ, Inc. will be W. Steven Garrett, currently the President
and CEO of First Choice Corp. consulting group. Mr. Garrett will move the International
Headquarters of CBQ, Inc. on Thursday, Dec. 6, 2001 to 12350 N.W. 18th Street,
Pembroke Pines, Florida 33026, Phone: 954-450-2888 and Fax: 954-450-0886 from the
current headquarters at 1911 Ft. Myer Drive, Arlington, VA 22209.
W. Steven Garrett has also been President/CEO of Diversified Technologies Group, Inc.
``DTGI'' NASD: OTC/BB since January 2001. In that capacity he was responsible for
day-to-day operations of the business.
Prior to this position during 2000, he was President/CEO of e-Biz TranzForm, Inc., Boca
Raton, Florida where he co-initiated the start-up and development of a team of engineers
to develop global Web presence and ASP vertical portals for established clients desiring
to gain B2B presence on the Internet.
W. Steven Garrett has been involved in directing leading edge technology start-up
companies by providing organization, methods, orientation, systems and focus for
manufacturing plants, marketing & sales organizations, Internet solutions providers,
software developers and e-Business systems during his 30 year executive management
career. IBM, Apple, NEC, HP, Compaq and Nortel Networks have accredited him in PC
Computer Hardware.
When faxes first appeared in the mid 1980's Garrett assisted in the design and
development of Zon-Talk software (VeriFone Tranz 330) to control a fax machine and
created the First Public Fax Station (The Fax Station & Go Fax Inc., plus many others),
which then afforded travelers the convenience of self-service, credit card activated, fax
availability in airports, office buildings, turnpikes and hotels.
``W. Steven Garrett has an excellent background in management, and expertise in
corporate development and E-Business. We are looking forward to a long and productive
relationship with him,'' said Bart S. Fisher, Chairman of CBQ, Inc.
About CBQ, Inc.
CBQ, Inc. is a full service, end to end E-Business solution provider. Through its
subsidiaries, led by Quantum Technology Group, Inc., CBQ provides custom web-based
software, including web portal design and development, networking services and security,
as well as many other web-based solutions. The company also provides information
technology outsourcing resources to its clients. For more information on Quantum
Technology Group, visit www.qnettech.com.
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 www.ccsoft.com.
China Partners is a subsidiary that is developing an Internet portal between the United
States and China to facilitate international trade and investment opportunities between
private sector companies as well as facilitating trade between the private sector and
government owned industries in China.
China Wireless, Inc. is an early stage subsidiary that is developing telecommunications
projects in China. For more information on CBQ, Inc., visit www.cbq.com.
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.
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Contact:
CBQ Investor Relations, Dania Beach
W. Steven Garrett, 954/927-0034
by
Joan Worden Public Relations
Joan Worden, 202/337-5411 |
