CBQI news:
(COMTEX) B: CBQ Elects New Board of Directors
B: CBQ Elects New Board of Directors
DALLAS (April 30) BUSINESS WIRE -April 30, 1999--CBQ Inc. (OTC BB:CBQI)
announced today that at a special meeting of its shareholders a new
board of directors has been elected. Elected to the board were Michael
L. Sheriff, current Chairman and CEO of CBQ, William Flannery, current
Secretary of CBQ, Sidney Lieberman, former founder and Chairman of
Priority One Electronic Commerce Corporation, Bernie Roemmele, Chairman
and CEO of CitX, Inc., and Lynn Elliott, Dallas attorney.
CBQ acquired a 10% equity interest in CitX through its acquisition of
Priority One Electronic Commerce Corporation; and has begun discussions
leading to the acquisition of CitX Corporation, www.citx.net, of
Quakertown, Pa.
Priority One is a three-year-old leading high-tech company providing
business-to-business electronic payment processing services that enable
businesses to electronically collect and disburse payment in the form
of electronic funds transfers (EFT) and credit cards.
CitX Corporation is a privately held, innovative high-tech company
that develops and markets business-to-business Electronic Commerce
solutions, Community-Centric Portals, and Network-Centric (Web-Hosted)
software applications, delivered securely across the Internet and
private heterogeneous networks.
For more information about CyberQuest visit www.bid4it.com (bid4it Web
site) and www.cbq.com (Corporate web site).
For more information about CitX call 215/538-3535, email
bernie@citx.net, or visit the CitX Web site at www.citx.net.
bid4it and CyberMarketMaker are trademarks of CyberQuest, Inc.
CyberQuest sub-licenses the bid4it software and related technologies to
interested parties. NOTE: All other 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.
-0- RH/da*
CONTACTS: CBQ, Inc., Dallas
Michael Sheriff, 972/732-1100
sheriff@cbq.com
or
Investor Relations:
Magnum Financial Group
Michael Manahan, 213/488-0443
msmanahan@magnumfinancial.com
KEYWORD: TEXAS PENNSYLVANIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED BANKING
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