CBQ, Inc. Announces Priority One Electronic Commerce Corporation and iPowerUp,
Inc. Sign Contract to Provide Electronic Funds Transfer Services Through
PriorityCASH Platform
Business Editors & High-Tech Writers
NEW HOLLAND, Pa. and FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
Jan. 11, 2000--CBQ, Inc (OTC BB:CBQI) The E-Business Marketplace,
announced today that its wholly owned subsidiary Priority One
Electronic Commerce Corporation has been awarded a contract from
iPower, Inc. to process all Credit Card and Automated Clearing House
transactions from their e-commerce site.
iPowerUp represents the cutting edge in Internet infrastructure
in both community and content management. iPowerUp is a tool - a
unique XML-intelligent technology, which has enormous broad-based
problem solving capabilities for organizations, businesses, banks, and
individuals.
"We looked at several Internet payment processing services and
Prioritycash.com offered the most feature rich service we evaluated."
Said iPowerUp's CEO and Co-Founder M. L. "Mickey" Valentine, "We
expect transaction volumes to grow from a modest volume of 200
transactions a week to over 100,000 transactions a month by the end of
the year 2000."
Richard Schwartz, Vice President Sales, CBQ commented "iPowerup
represents another example of how Prioritycash.com can bring internet
payment capabilities easily and securely to already existing
e-commerce businesses. We are proud to be apart of their rapidly
growing enterprise."
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 customer's 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.
--30--SL/na*
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.
John Harris, 972/732-1100
investors@cbq.com |
