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

To: WHITEAGLE who wrote (553)	6/3/1999 10:51:00 AM
From: Aduke	Read Replies (1) \| Respond to of 1101

News came out last night: biz.yahoo.com

To: WHITEAGLE who wrote (553)	6/3/1999 11:10:00 AM
From: Ga Bard	Respond to of 1101

Announcing ''PublicationCollect'' to Collect Newspaper Subscriptions and Automate Renewals FORT WORTH, Texas--(BUSINESS WIRE)--June 2, 1999--CBQ Inc.'s (OTC BB:CBQI - news) wholly owned subsidiary, Priority One Electronic Commerce Corporation (Priority One) today introduced the ''PublicationCollect'' service for the newspaper publishing industry. About ''PublicationCollect'' ''PublicationCollect'' automates the collection of subscription renewals and classified receivables. It collects the payments through the customer's choice of either electronic debit to their bank account or credit card. Newspapers using the service do not have to modify their computer systems and do not incur any software or programming costs to participate. Newspapers using the service can enhance their cash flow management capabilities by receiving payments on the date due as opposed to waiting for individual payments. Payments can be collected weekly, monthly or on any recurring schedule set by the paper and the customer. Each payment costs the newspaper only $ .30 or less which is considerably less than the $3 to $5 cost per invoice cited by recent studies About Priority One Priority One, a wholly owned subsidiary of CBQ, Inc. (OTC BB: CBQI - news) is the leader in the electronic receivable processing industry. Priority One utilizes its' proprietary BillCollect(TM) system to alleviate the problem of sending out invoices then waiting for checks to arrive in the mail. Bill Collect(TM) is a high-tech, automated system handling electronic fund transfers (EFT) and credit card payments, which enables businesses to collect their receivables electronically on the date due. Tom Goldman, President of Priority One stated ''We are always looking for new industries that can benefit from the use of our automated payment receivables system. With our successes in the telecommunications industry utilizing BillCollect(TM) and the mortgage payment processing industry using MortgageCollect, we felt it was time to expand our 'industry specific' focus.'' CBQ President Rick Williamson commented on ''PublicationCollect'' by saying, ''We are extremely excited about the integration of Priority One's system into an electronic solution which enhances the services newspaper publishers can provide to their subscribers and advertisers. In fact, those publishers to whom we have presented our system to, indicate that they have been awaiting such a system for some time and are very excited about the possibilities our solution can provide.'' About CBQ CBQ's wholly owned subsidiary, CyberQuest Inc. is the developer of www.bid4it.com , a virtual, Internet-based marketplace based on the principles of securities trading. bid4it is a completely automated electronic marketplace that produces a ''true'' market price of products based on the open market interaction between bidders and sellers. Bidders electronically bid (''Bid'') on desired products and may modify or delete their bids at any time before the Bid matches a Seller's ''asking price'' (''Ask''). The Seller may accept any Bid at any time and may modify or delete their Ask at any time before it matches a Bid. bid4it allows sellers to compete in a worldwide market for the buyers of all types of products. CyberQuest's CyberMarketMaker(TM) integrates the best features of securities trading and an auction market. Bidding activity is continually analyzed and asking prices move up or down in response to market activity. When a ''bid'' and ''ask'' match, the transaction is electronically completed, and the product is ordered and shipped to the buyer with instant notification to all parties. For more information about CyberQuest visit www.bid4it.com (bid4it Web site) and www.cbq.com (Corporate Web site). This press 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, please see the Company's filings with the Security 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. -------------------------------------------------------------------------------- Contact: Priority One Tom Goldman, 717/285-9040 E-mail: Tomgoldman@aol.com or CBQ Inc. Chris Davis, 817/737-6100 E-mail: cdavis@cbq.com