CBQI update:
CBQI-NEWS-(PR NEWSWIRE) CitX Director Retires After Helping Take the
Company Public
CitX Director Retires After Helping Take the Company Public
QUAKERTOWN, Pa., May 1 /PRNewswire/ -- CitX Corp. announced the
resignation of Sidney Lieberman as a director while remaining its second
largest stockholder.
Last month Lieberman's flagship company Priority One Electronic Commerce
Corp. was acquired by Dallas-based CBQ Inc. in a transaction that makes
Lieberman a significant stockholder in CBQ Inc.
Last week CBQ Inc. elected Lieberman to its board of directors.
Bernie Roemmele, CEO and Chairman of CitX commented: "Sid is a dynamic
individual, and a key member in helping CitX execute its business plan, and in
bringing together our recent merger with CBQ Inc. (OTC Bulletin Board: CBQI).
We consider him as one of the founders, and will miss his wisdom and
participation in CitX, and hope to return the consideration by growing CitX
into a world class e-Commerce, e-Business company, to effectively enhance his
shareholder value."
About Lieberman
Sid Lieberman, age 78, received his CPA in 1943. For the past half
century he has developed a series of privately financed high risk micro
venture capital start up deals.
He started or acquired and turned around and sold over a dozen companies
in various industries ... the last 4 being in the e-commerce field.
Besides Priority One and CitX he is currently a principal in
e-Dentification Ltd. which has developed a unique system to confirm the
identity of remote persons initiating electronic commerce transactions.
His operation is unique in that all companies have been privately owned
and financed. No Lieberman company has ever had outside investors or lenders.
About CitX
CitX Corporation is a privately held, leading high-tech company that
primarily develops and markets B2B (business-to-business) Electronic Commerce
solutions, Community-Centric Portals, and Network-Centric (Web-Hosted)
software applications, delivered securely across the Internet and private
heterogeneous networks.
Most of CitX's products and services are provided on a fee-for-use basis
and are available through its many strategic partners, system integrators,
independent representatives, and direct online users.
CitX's management team has more than 8 years experience in providing
Web-Hosted software applications, Electronic Commerce solutions, and
Community-Centric Portals for Medical Societies, Hospitals, Physicians, and
others in the Healthcare sector. CitX has developed a specialized medical
Community-Centric Portal and Extranet called HCSIN.NET that currently services
more than 50,000 healthcare professionals throughout the United States.
CitX has formed strategic partnerships with Redix, NCR Corp., Priority
One ECC, Bell Atlantic, Alternative Link, Zonics, and others to effectively
deploy secure Internet-based, Business-to-Business Electronic Commerce,
Community-Centric Portals, and Web-hosted software applications, for small
businesses as well as the corporate enterprise. Primary markets serviced are
B2B, Healthcare, Insurance, Banking, Legal, Retail, Organizations, and the
Government.
Last week CitX Corporation entered into a merger agreement with CBQ Inc.,
publicly traded as (OTC Bulletin Board: CBQI), of Dallas, TX, to build a
world-class B2B E-Commerce company.
Contact CitX at 215-538-3535, by email at bernie@citx.net, or visit the
Web Site at citx.net. Lieberman is at Sidney3@juno.com or fax
561-964-1233.
SOURCE CitX Corporation
-0- 05/01/99
/CONTACT: Sidney Lieberman of CitX Corporation, Sidney3@juno.com, or fax,
561-964-1233/
/Web site: citx.net
(CBQI)
CO: CitX Corporation; Priority One Electronic Commerce Corp.; CBQ Inc.
ST: Pennsylvania
IN: CPR MLM
SU: PER
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