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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (8923)	6/21/1999 11:34:00 AM
From: Ga Bard	Respond to of 108040

Global Logistics Partners, LLC, The Recent Merger Partner of CBQI, Nails Down More Than $1.5 Million in New Contracts for May and June Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--June 21, 1999--CBQ Inc. (OTC BB:CBQI) announced today that its recent merger partner Global Logistics Partners (GLP) has added another $1.5 million in contracts over the past 5 weeks exchanging surplus equipment between Imperial Esso Canada, BP Amoco Canada as well as renewed contracts with Kuwait Oil Company. GLP is proposing to shift its oilfield exchange activities via Bid4it over the next several months to demonstrate that CBQ's technology is a low cost and efficient business to business e-commerce vehicle. "The energy industry is a perfect candidate for e-commerce. We are building a virtual community that will define the commercial interactions for this vertical market," says CBQ President Rick Williamson. In addition to the petroleum, CBQ has on going discussions in food, media, clothing and several international markets. The CyberMarketMaker technology is a dynamic system that adjusts product pricing in response to the market, much like the securities industry. Selling in quantity at the B2B level is more conducive to market trends than at the consumer levels. 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. 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--lr/da* CONTACT: CBQ, Inc., Fort Worth Chris Davis, 817/737-6100 E-mail: cdavis@cbq.com