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Microcap & Penny Stocks : CBQ Inc CBQI -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (593)	6/15/1999 9:36:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 1101

Yep and oinm the phone with Rick right now ... There is more coming ... today and more klater in the week. Rick is addressing the CITX deqal and it should ne out shortly. :-) GB

To: Due Diligence who wrote (593)	6/15/1999 9:49:00 AM
From: Ga Bard	Respond to of 1101

Just called and about where the CITX response news was ... Rick was in a meeting with Erneston Young... He will call me back shortly. :-) GB

To: Due Diligence who wrote (593)	6/15/1999 9:56:00 AM
From: Ga Bard	Respond to of 1101

CBQ Confirms Citx Merger No Longer a Consideration CBQ Confirms Citx Merger No Longer a Consideration Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--June 15, 1999--CBQ Inc. (OTC BB:CBQI) CBQ confirms Citx merger no longer a consideration. The management team at CBQ opted not to pursue the Citx merger in mid May following its own due diligence. The CBQ board and management elected to pursue its primary focus in Bid4it and the activities of its wholly owned subsidiaries Priority One and Reliance Technologies. Priority One's growth from 1997 to 1998 was 370% and 1999 is likely to exceed these numbers. Reliance Technologies, Inc., CBQ's wholly owned software and Web site design company continues to grow due to the extraordinary demands in the marketplace. CBQ's decision not to consider the Citx merger was a result of ongoing negotiations with CBQ's e-commerce customers. "Considering any changes to CBQ's management or ownership has not been a factor. We recognize that our decision is a departure from those of our predecessors, however, we are confident that this is the right decision," says CEO Williamson. CBQ remains Citx's second largest shareholder. ABOUT CYBERQUEST CyberQuest Inc., a wholly owned subsidiary of CBQ, Inc. (OTC BB: CBQI) is the developer of www.bid4it.com, a virtual, Internet-based marketplace based on the principles of securities trading. bid4it is a completely automated electronic marketplace that produces a "true" market price of products based on the open market interaction between bidders and sellers. Bidders electronically bid ("Bid") on desired products and may modify or delete their bids at any time before the Bid matches a Sellers "asking price" ("Ask"). The Seller may accept any Bid at any time and may modify or delete their Ask at any time before it matches a Bid. bid4it allows sellers to compete in a worldwide market for the buyers of all types of products. CyberQuest's CyberMarketMaker(TM) integrates the best features of securities trading and an auction market. Bidding activity is continually analyzed and asking prices moved up or down in response to market activity. When a "bid" and "ask" match, the transaction is electronically completed, and the product is ordered and shipped to the buyer with instant notification to all parties. ABOUT PRIORITY ONE Priority One, a wholly owned subsidiary of CBQ, Inc. (OTC BB: CBQI) is the leader in the electronic receivable processing industry. Priority One utilizes its proprietary BillCollect(TM) system to alleviate the problem of sending out invoices then waiting for checks to arrive in the mail. BillCollect(TM) is a high-tech, automated system handling electronic funds transfers (EFT) and credit card payments, which enables businesses to collect their receivables electronically on the date due. For more information about CyberQuest visit www.bid4it.com (bid4it Web site) and www.cbq.com (Corporate Web site). 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. --30--na/da* CONTACT: CBQ, Inc. Chris Davis, 817/737-6100 E-mail: cdavis@cbq.com