CBQ, Inc. & Wanlitong Information Network to Develop Wireless Internet Network in Southern China.

Business Editors & High Tech Writers

HONG KONG, SHENZHEN, China and ADDISON, Texas--(BUSINESS WIRE)--April 17, 2000--CBQ, Inc. - The E-Business Marketplace (OTCBB:CBQI) announced today that it has reached an agreement to develop a two-way paging wireless Internet network in South China with Wanlitong Information Network(TM) of Shenzhen, China (http://www.95960.net). CBQ, Inc. has also been named the Wanlitong Information Network agent for companies outside China wishing to work with this network.

CBQ, Inc. has formed China Wireless, Inc. to support the deployment of the wireless web network for China. China Wireless, Inc. and its financial partners will provide capital and technology to complete the rollout of the Wanlitong Information Network in five cities in southern China: Guangzhou, Fuoshan, Dongguan, Zhongshan and Zhuhai. China Wireless, Inc. will own 49 percent of Chung Hua Wireless Internet Limited, with greater amounts of equity participation as China completes its accession to the World Trade Organization (WTO).

In addition, Wanlitong Information Network has agreed to contribute its existing Shenzhen-based operation into Chung Hua Wireless Internet Limited. Chung Hua Wireless Internet Limited is a wholly-owned subsidiary of the Wanlitong Information Network.

Wanlitong Information Network already operates its own one-way paging network that provides services for over 1.3 million customers. They use equipment from GWcom to deliver two-way paging service 24 hours a day 7 days a week, including stock trading, stock quotes, news, weather, sports and travel information.

Over 90 percent of Wanlitong Information Network existing two-way customers use this service to process stock trades daily. These trades are processed through strategic relationships with GF Securities Co., LTD, Shantou Securities Co., LTD, Shenzhen Special Zone Securities Company and other stock trading companies in Shenzhen and other cities. The Southern Chinese cities covered represent a market of some 18 million people, including 5.5 million stock traders.

Wanlitong Information Network began distribution of two-way pagers in Shenzhen in February of 2000. The company will roll out the two-way pager network with Internet access to 10 cities in China over the next twelve months, and to 85 additional cities in China thereafter.

"China will be a major market for the wireless web," said Bart S. Fisher, Chairman, CBQ, Inc. "Through our exclusive agreement with Wanlitong, we will be able to establish a service that will benefit not only Chinese stock trading companies, but also U.S. stock brokerage houses such as Charles Schwab and Co.(NYSE:SCH), Merrill Lynch (NYSE:MER) who are wanting to make it easier for Chinese investors to participate in the global securities market," Fisher said.

"We are confident that CBQ, Inc. will be the right strategic partner to allow Wanlitong to assume a major role in the Chinese wireless Internet market," said Wu Zhao Hui, Vice General Manager of Wanlitong Information Network.

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., it can design, implement, host, build traffic and process payments for its customers' e-business initiatives. ChinaSoft, Inc. is a wholly-owned subsidiary of CBQ, Inc. that is a joint-venture partner with CCSoft Technology Developing, Ltd. (formerly, Beijing Zhongruan Zhixun Technology Developing Co.). Services include Software Development for Enterprise computing and Internet Development. For more information about CCSoft, visit China Partners, Inc. is a wholly-owned subsidiary of CBQ, Inc. that focuses on facilitating trade and investment opportunities between companies in the United States and Chinese through its trade portal, Chinapartners.net. For more information on CBQ, Inc., 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.