(COMTEX) B: (MGEN)(FNF) Escrow.com to Provide Escrow Services for Chi
B: (MGEN)(FNF) Escrow.com to Provide Escrow Services for Chinapartners.net,
Other CBQ, Inc. Properties
ADDISON, Texas and IRVINE, Calif., Apr 6, 2000 (BUSINESS WIRE) -- CBQ, Inc. The
E-Business Marketplace (OTC BB:CBQI) announced today an agreement for Escrow.com
to provide escrow services for all CBQ properties including Chinapartners.net,
chinasoftinternational.com, and bid4it.com. Escrow.com services will also be
offered to all of CBQ's PriorityCASH customers for integration into their
e-commerce sites.
Escrow.com services greatly reduce the possibility of fraud in online
transactions between buyers and sellers who may be complete strangers. Acting as
a third party in business-to-business, business-to-consumer, and
consumer-to-consumer transactions, Escrow.com holds the buyer's money, which is
released to the seller after the buyer inspects and accepts the merchandise. For
more information, visit www.escrow.com.
Escrow.com is an affiliate of Fidelity National Financial, a 150-year-old
company that will soon be the largest provider of title and escrow services in
the United States upon finalization of a merger with Chicago Title Corporation.
Escrow.com brings online customers the same powerful escrow services that
Fidelity has been offering its clients for years.
Escrow.com benefits include:
-- Proven Reliability: Escrow.com is backed by Fidelity's 15
years of escrow experience
-- Safety: Fidelity safely manages billions of dollars yearly in
escrow transactions
-- Affordability: Very competitive escrow fee charged for each
transaction
-- Multiple Payment Methods: Options include credit card,
cashiers/personal/certified check, money order, or wire
transfer, with more options to come
-- Security: Funds are released to the seller only after the
agreed upon inspection period, eliminating the concern for
merchandise not being received or satisfactory
-- Trust: Information is kept completely private
-- Secure Shipping: You may only use select couriers with
tracking capabilities.
Micro General Corporation developed Escrow.com's escrow engine. Fidelity uses
Micro General software to handle nearly $100 billion in transactions annually.
Since it began developing software for escrow and trust companies in 1985, Micro
General's products have withstood the rigors of the commercial and residential
real estate industries. The company has installed its escrow trust accounting
software nationwide in thousands of escrow and trust offices.
"Escrow.com represents a logical extension of our PriorityCASH services," said
John Harris, CEO, CBQ, Inc. "Their vast experience in the escrowing of funds
will enable our Chinapartners.net site to offer extended benefits to its member
companies."
About Escrow.com, Inc.
Escrow.com(TM), founded by Micro General Corporation (OTC BB:MGEN) and Fidelity
National Financial (NYSE:FNF), offers comprehensive online transaction
management services. Escrow.com operating subsidiaries provide online escrow and
logistics tracking as well as other financial services for the Internet. Its
architecture and infrastructure provide a secure and scalable business
transaction platform with integrated transaction management solutions for
business-to-business e-commerce as well as online auctions and exchanges.
For more information, please visit: www.escrow.com.
About CBQ, Inc.:
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., CBQ can
design, implement, host, build traffic and process payments for its customer's
e-business initiatives. CBQ also wholly owns two subsidiaries, ChinaSoft, Inc.
and China Partners, Inc. ChinaSoft is a joint-venture partner with CCSoft
Technology Developing, Ltd. that provides services including software
development for enterprise computing and Internet development. China Partners is
focused on facilitating trade and investment opportunities between U.S. and
Chinese companies. Visit www.cbq.com for more information.
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.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
CONTACT: VGS Marketing Group, Inc.
Valerie Gabriel-Swenson, 972/395-9034
vgs@onramp.net
or
China Partners, Inc./ChinaSoft, Inc./Capital House, LLC
Joan Worden, 202/337-5411 or 202/342-8113
wnsg1@aol.com
or
CBQ, Inc.
John Harris, 972/732-1100
investors@cbq.com
KEYWORD: TEXAS CALIFORNIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: BANKING
COMPUTERS/ELECTRONICS
E-COMMERCE
INTERNET
SOFTWARE
MARKETING
AGREEMENTS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
