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

To: Ga Bard who wrote (10534)	7/1/1999 2:23:00 PM
From: Due Diligence	Read Replies (1) \| Respond to of 108040

CBQI news: (COMTEX) B: Bill Day, President of H&M Foods, to Sit On CBQ Board of B: Bill Day, President of H&M Foods, to Sit On CBQ Board of Directors: Michael Sheriff Resigns From the Board to Pursue Other Activities FORT WORTH, Texas, Jul 1, 1999 (BUSINESS WIRE via COMTEX) -- CBQ, Inc. (OTC BB:CBQI) -- The addition of Mr. Bill Day to the Board of Directors was announced today by CEO and President, Rick Williamson. Mr. Day has served as President and CEO of H&M Foods since 1997. He has over twenty years experience in the food industry, having held various technical, operations, and senior management positions with Stella Foods, Kraft Foods, Inc. and General Foods Corporation. Mr. Day is associated with several industry affiliated organizations and currently is a member of the Boards of Directors for the International Foodservice Manufacturers Association (IFMA). He holds B.S. and M.S. degrees from the University of Georgia and an M.B.A. degree from Wilmington College. "E-commerce may very well be the vehicle of choice in all aspects of the food industry from surplus equipment to food products. CBQ's virtual exchange system Bid4it provides an excellent means of support in this huge industry," states Mr. Day. "Bill brings all quality ingredients to advise the CBQ board in their efforts to build a strong presence in the food e-commerce industry. We are very excited about him joining the board," commented Rick Williamson. Rick Williamson, President & CEO accepted the resignation from the Board of Directors of former CEO Mr. Michael Sheriff. Commenting on the move Mr. Williamson stated, "Michael has been integrally involved in promoting Bid4it and CBQ's strategic acquisitions, Priority One and Reliance Technologies. I wish him the very best in his future endeavors." About CBQ 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 contains 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 managementexpectations. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: CBQ, Inc., Fort Worth Chris Davis, 817/737-6100 E-mail: cdavis@cbq.com WEB PAGE: businesswire.com GEOGRAPHY: TEXAS INDUSTRY CODE: INTERACTIVE/MULTIMEDIA/INTERNET COMED MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *