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Friday April 30, 12:18 pm Eastern Time
Company Press Release
CBQ Elects New Board of Directors
DALLAS--(BUSINESS WIRE)--April 30, 1999--CBQ Inc. (OTC BB:CBQI - news) 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.
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