Monday January 4, 11:20 am Eastern Time
Company Press Release
The United States Patent and Trademark Office has Published CBQ,
Inc.'s Trademark for Its 'CyberMarketMaker'
DALLAS--(BUSINESS-WIRE)--Jan. 4, 1999--CBQ, Inc., (OTC BB:CBQI - news) today announced that it has received from The United States Department of
Commerce, Patent and Trademark Office , trademark publication for CyberMarketMaker™.
CyberQuest Inc., a wholly-owned subsidiary of CBQ, Inc., headquartered in Dallas, and developer of www.bid4it.com has created a virtual Internet-based market
based on the principles of the Nasdaq stock exchange. Superior to web auction sites, ''bid4it'' is a completely automated electronic marketplace responding to
supply and demand. ''Bid4it'' produces a true market price based on the free market 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 sellers to compete in a worldwide
free market for the buyers of all types of 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''.
Much like Nasdaq, the patent-pending CyberMarketMaker, continually analyzes bidding and order activity and moves the ask prices up or down in response;
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 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.
bid4it, CyberMarketMaker are trademarks of CyberQuest, Inc. CyberQuest offers sub-licenses of the bid4it software and related technologies 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, Dallas
Michael Sheriff, 888/378-3162 or 972/732-1100
sheriff@cbq.com
972/732-1169 |
