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Microcap & Penny Stocks : CBQ Inc CBQI -- Ignore unavailable to you. Want to Upgrade?

To: mojoroe who wrote (390)	5/5/1999 7:02:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 1101

Ok .. here is what the release states: CitX and its technology partners have extended exclusive licenses to IntraMedX Corporation for specific e-Commerce, vertical Portals, and Web-delivered software application technology. In addition, all e-Commerce services, such as the collection of medical receivables, will be provided exclusively by CitX and its Intrapay electronic payment collection system. NOw the equity is only 10% ownership but 100% of money transactions which is where all the money is, for a fee of course. So that means CBQ will be getting a percentage of each transaction and according to Bernie, who I just got off the phone with, that is about 25%-40%. 100% ownership of Intrapay is coming into CBQI. That is the KEY asset. That means all revenues come through CBQI. Think of CitX/CBQ as a toll booth and all spin offs will be taken though the toll booth and all financial transactions. Now that means Citx/CBQ does not have to have management, experise, employees, overhead, etc. to run these spin offs. They run on their own businesses and Citx/CBQ merely proceses all the revenues for a cut of the revenues. When they spin off one of these independent subsidairies CitX/CBQ is to be the exclusivefinancial business management and not be in on the day to day operations of the company. This is like an example of ticketmaster... they do not care to own a hall or facility for concerts they just want to make money on selling the tickets for a percentage. Citx/CBQ is going to handle all monies while not having the headaches of running the company. I hope this helps ... If you read the release wrong you would think they just got rid of the entire medical scenario which in fact they locked in a percentage of the revenues without having to deal with the day to day business. :-) GB