(BSNS WIRE) CBQ, Inc. Announces Order for ChinaSoft, Inc. from Neometric
CBQ, Inc. Announces Order for ChinaSoft, Inc. from Neometric and China Market
Development Mission; Company to Develop Healthcare Management Software in China
for Neometric
Business Editors and High Tech Writers
ADDISON, Texas and BEIJING, China--(BUSINESS WIRE)--Dec. 31, 1999
--CBQ, Inc. (OTCBB:CBQI) The E-Business Marketplace, announced today
that its wholly owned subsidiary ChinaSoft, Inc. has received an order
from Neometric, Inc., a software development company headquartered in
Pittsburgh, PA, to provide programming services for the development of
its comprehensive healthcare management software platforms.
"We believe that it will be possible to reduce the administrative
costs of healthcare by 50% if efficient online software solutions can
be implemented for the U.S. Healthcare industry," said Adam Butkus,
President, Neometric, Inc. "We are anxious to work with the Chinese
software developers because of the quality of their work, experience
and the competitive pricing available in China."
Personnel from Neometric will accompany Bart S. Fisher, Chairman
of ChinaSoft, Inc. and a delegation of other clients and prospective
clients, on a market development working trip to Beijing, China, the
week of January 23, 2000. "We look forward to advancing our
relationship with Neometric," said Fisher.
"This contract represents an example of how ChinaSoft's software
development services can improve U.S. companies' capabilities to
deliver robust applications rapidly and cost effectively," said John
Harris, CEO, CBQ, Inc. "In addition to revenue opportunities, we see
this as an important step in continuing to develop our e-healthcare
capabilities."
About ChinaSoft, Inc.
ChinaSoft, Inc. is a wholly owned subsidiary of CBQ, Inc., that
is affiliated with Beijing Zhongruan Zhixun Technology Development Co.
Services include Software Development services for Enterprise
computing, Internet Development Services and representation of U.S.
technology companies who wish to do business in China.
About CBQ
CBQ, Inc. The E-Business Marketplace, 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. CBQcare.net, provides a Web-based healthcare
management system with applications such as practice management
software for patient scheduling, referrals, messaging, charting,
insurance claim generation, prescription and formulary management. Its
newest subsidiary, ChinaSoft, Inc., is the marketplace for Chinese
E-Business opportunities.
For more information, visit www.cbq.com
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.
--30--JMP/na*
CONTACT: VGS Marketing Group, Inc.
Valerie Gabriel-Swenson, 972/395-9034
(Direct Line, 972/741-4400)
vgs@onramp.net
or
ChinaSoft/Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
or
Neometric, Inc.
Adam Butkus, 412/687-1397
or
CBQ, Inc.
John Harris, 972/732-1100
investors@cbq.com
KEYWORD: TEXAS INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: SOFTWARE INTERNET E-COMMERCE MEDICAL
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