CBQI News! CBQ Partners with Bidland.com to Relaunch bid4it.com
Bidland.com Provides Auction Technology for CBQ's Business-to-Business Auction
Site
SAN DIEGO and DALLAS, Dec. 3 /PRNewswire/ -- Powered by Bidland.com's
online auction enabling technology, CBQ Inc. (OTC Bulletin Board: CBQI) has
relaunched its bid4it.com auction site. Using the completely Web-based
Bidland.com auction service provider application, bid4it.com will offer
manufacturers of all types the opportunity to utilize business-to-business
Internet auctions to sell excess inventory more profitably than through
traditional liquidation methods.
"Companies selling business to business are discovering the untapped sales
channel of Internet auctions," stated John Harris, CEO of CBQ, Inc. "The
bid4it.com Website is another example of our strategy to align ourselves with
content and technology providers that enable rapid go to market
implementations. The Bidland.com auction technology has allowed us to quickly
and effectively add this valuable capability to CBQ's suite of e-business
services."
Focused on business to business auctions, the bid4it.com web site will
provide a year-round auction marketplace for manufacturers. Auction
categories and lots will be added on a regular basis as it develops content
partnerships with other businesses.
The open Bidland.com architecture allows CBQ Inc. to directly interface
the auction site with CBQ's Priority One Electronic Commerce Corporation
electronic funds transfer services, providing users seamless processing of
both ACH and credit card transactions. The Bidland.com technology is also
exceptionally easy for both bidders and sellers to use, making the site even
more user friendly.
The Bidland.com technology allows businesses of any size to get on-line,
build and launch customized auction sites quickly and inexpensively. The
Bidland.com on-line tools give businesses total control in designing,
updating, and managing auctions. Companies can directly integrate the
technology into an existing site or have Bidland.com host stand-alone auctions
for customers that are new to the Web.
"Auctioning is now viewed as an essential component of the e-commerce
marketplace," said Doug Augustine, CEO and Co-Founder of Bidland.com.
"On-line auctions expose products to the worldwide market and build a
community of buyers and sellers."
About CBQ, Inc., The E-Business Marketplace
CBQ, Inc., the E-Business Marketplace, ( www.cbq.com ) is a total
end-to-end provider for implementing customer driven e-business solutions.
Through its subsidiaries, Cyberquest, Inc., Reliance Technologies, Inc. and
Priority One Electronic commerce Corp., it can design, implement, host, build
traffic, and process payments for its customers e-business initiatives.
About Bidland.com
Bidland.com ( www.bidland.com ) provides businesses of all sizes with an
easy-to-use Web application for launching and managing customized on-line
auctions. The hosted auction enabling technology can be seamlessly integrated
into companies' Web sites, delivering their look, their brand, and their
products. Bidland.com's low cost service requires minimal technical support
and allows businesses to build, launch, and manage on-line auctions in as
little as thirty minutes.
This news 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, see the company's filings with the
Securities 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.
For more information about CBQ Inc., The E-Business Marketplace, visit:
www.cbq.com or contact Investor Relations at 972-732-1100.
Contact: Press, John Harris of CBQ Inc., 972-732-1100, or
investors@cbq.com, or Steve Simon of S&S Public Relations, Inc., 847-955-0700,
or Steve@sspr.com, for Bidland.com.
SOURCE CBQ Inc.
-0- 12/03/1999
/CONTACT: Press, John Harris of CBQ Inc., 972-732-1100, or
investors@cbq.com, or Steve Simon of S&S Public Relations, Inc., 847-955-0700,
or Steve@sspr.com, for Bidland.com/
/Web site: cbq.com /
/Web site: bidland.com /
(CBQI) |
