CBQI - ADDISON, Texas; and WASHINGTON, D.C.,--(BUSINESS WIRE)--Dec. 9,
1999--CBQ, Inc. (OTC BB:CBQI), The E-Business Marketplace, has engaged
Capital House Merchant Banking, LLC to provide its full range of
professional services to assist CBQ, Inc., in implementing its
e-business initiatives.
Under the terms of the agreement, Capital House will provide CBQ,
Inc. merchant and investment banking advisory services. It will assist
CBQ, Inc. in raising funds for continued development of their Internet
properties, PriorityCASH.COM internet payment portal, bid4it auction
site, CBQCare.NET, e-healthcare portal, the development of additional
sales and marketing programs and developing financial opportunities
that enhance shareholder value.
John Harris, CEO of CBQ, Inc. stated, "CBQ is uniquely positioned
to take advantage of the many exciting developments on the Internet
today. The addition of a seasoned team of investment advisors will
enhance CBQ's ability to implement its business strategy."
Bart Fisher, Managing Partner of Capital House, LLC, stated, "We
are delighted to be working with CBQ to expand its reach in electronic
commerce. Businesses who do not wholeheartedly grasp the Internet will
be consigned to the scrapheap of history. Our mission will be to
provide the financial and management resources needed to develop CBQ
into the premiere facilitator of business-to-business electronic
commerce. We are highly confident we will achieve that objective."
About Capital House Merchant Banking, L.L.C.
Capital House is a privately-held merchant bank based in
Washington, D.C., that has invested in the development of the Internet
through joint ventures with its clients and affiliates, such as Lycos,
Ampex, e-Medicine, Refer-Net, Information Super Station, and Executive
Branch Webcasting's service EXBTV, which will televise the activities
of the Executive Branch of the U.S. Government.
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.
For more information about Capital House, visit
capitalhouse.com.
--30--RH/da*
CONTACT: CBQ Inc., Dallas
John Harris, 972/732-1100
investors@cbq.com
or
Capital House Merchant Banking, Washington, D.C.
Bart Fisher, 202/778-3040
bfisher@porterwright.com |
