CBQI- LATE BREAKING NEWS!!
(COMTEX) B: CBQ, Inc. -- The E-Business Marketplace Prepares Applicat
B: CBQ, Inc. -- The E-Business Marketplace Prepares Application for Listing on
NASDAQ Small Cap Market
ADDISON, Texas, Jan 7, 2000 (BUSINESS WIRE) -- CBQ, Inc. (OTC BB:CBQI)
The E-Business Marketplace announced today that it has filed form 8-A
with the Securities and Exchange Commission to become a fully reporting
company in preparation for submitting its application to NASDAQ for
listing on the NASDAQ Small Cap Market.
In conjunction with the preparation of this application, CBQ has added
two outside board members and adopted rules that follow the corporate
governance guidelines as described in the NASD regulations.
"As we move into the next phase of our growth, a listing on the NASDAQ
Small Cap Market, the most dynamic exchange for technology companies,
would enhance our visibility, credibility, and most importantly our
shareholder value," said John Harris, Chief Executive Officer. "The
addition of outside directors familiar with the global economy to our
board will give CBQ an important resource to help guide our market
expansion."
CBQ, Inc. has submitted its form 8-A and has prepared the application
and is awaiting a final count of shareholders to complete the
application package. CBQ, Inc. anticipates receiving this information
by the end of next week CBQ, Inc. is currently traded on the
Over-the-Counter Bulletin Board System (OTCBB) under the symbol CBQI.
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, 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. 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 and Internet
Development Services. China Partners, Inc. is a wholly owned subsidiary
of CBQ, Inc. Its primary focus is facilitating trade and investment
opportunities between U.S. and Chinese companies through its trade
portal Chinapartners.net. CBQcare.net provides a Web-based health care
management system with applications such as practice management
software for patient scheduling, referrals, messaging, charting,
insurance claim generation, prescription and formulary management.
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.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: VGS Marketing Group, Inc.
Valerie Gabriel-Swenson, 972/395-9034
(Direct Line, 972/741-4400)
vgs@onramp.net
or
China Partners, Inc./ChinaSoft/Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
or
CBQ, Inc., Dallas
John Harris, 972/732-1100
investors@cbq.com
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