Friday December 18, 2:51 pm Eastern Time
Company Press Release
CBQ, Inc. Announces It has Received a Trademark
From the United States Department of Commerce for
Its 'BID4IT'
DALLAS--(BUSINESS WIRE)--Dec. 18, 1998--CBQ, Inc., (OTC BB:CBQI - news) today announced that it has received
from The United States Department of Commerce, Patent and Trademark Office trademark registration for BID4IT.
CyberQuest Inc., a wholly-owned subsidiary of CBQ, Inc., headquartered in Dallas and owner of www.bid4it.com, is an
Internet market-maker company whose initial emphasis is on obtaining a 1% marketshare of the estimated $300 billion per year
MRO market. Using patent-pending proprietary software, CyberQuest has created a virtual Internet-based marketplace based
on the principles of securities trading. Superior to web auction sites, bid4it is a completely automated electronic marketplace
responding to supply and demand producing the true market price for a product based on the interaction between Bidders and
Sellers. Bidders interactively bid on desired products and may modify or delete their ''bid'' at any time before it matches the
Seller's ''ask'' (asking price). ''Bid4it'' allows the seller to compete in a worldwide market for the buyers of its products. The
Seller may accept any ''bid'' at any time and may modify or delete their ''ask'' at any time before it matches a ''bid.''
Our patent-pending CyberMarketMaker™, an artificial intelligence software engine, continually analyzes bidding activity and
moves asking prices up or down in response to market activity; evaluating all criteria of a bid and ask before creating a match
and an order. When a ''bid'' and ''ask'' match, bid4it electronically completes the transaction in a split second and the product
is ordered and shipped to the buyer with instant notification to all parties.
According to the US Department of Commerce's April 1998 Report, ''The Emerging Digital Economy,'' businesses are
expected to trade as much as $300 billion annually over the Internet in the next five years.
Note to Editors: bid4it, CyberMarketMaker are trademarks of CyberQuest, Inc. CyberQuest offers sub-licenses of the bid4it
software and related technologies to interested parties in vertical markets.
NOTE: All trademarks are the property of their respective owners.
This press 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, please see the
Company's filings with the Security 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.
For more information about CyberQuest visit: www.bid4it.com (bid4it WebSite) www.cbq.com (Corporate WebSite).
Contact:
CyberQuest, Inc., Dallas
Michael Sheriff, 888/378-3162 or 972/732-1100
Fax: 972/732-1169
sheriff@cbq.com |
