CBQ, Inc. -- The E-Business Marketplace Prepares Application for Listing on NASDAQ Small Cap Market.

Business Editors

ADDISON, Texas--(BUSINESS WIRE)--Jan. 7, 2000

CBQ, Inc. (OTC BB:CBQI) The E-Business Marketplace announced today that it has filed form 8-A with the Securities and Exchange Commission to become a fully reporting company in preparation for submitting its application to NASDAQ for listing on the NASDAQ Small Cap Market.

In conjunction with the preparation of this application, CBQ has added two outside board members and adopted rules that follow the corporate governance guidelines as described in the NASD regulations.

"As we move into the next phase of our growth, a listing on the NASDAQ Small Cap Market, the most dynamic exchange for technology companies, would enhance our visibility, credibility, and most importantly our shareholder value," said John Harris, Chief Executive Officer. "The addition of outside directors familiar with the global economy to our board will give CBQ an important resource to help guide our market expansion."

CBQ, Inc. has submitted its form 8-A and has prepared the application and is awaiting a final count of shareholders to complete the application package. CBQ, Inc. anticipates receiving this information by the end of next week CBQ, Inc. is currently traded on the Over-the-Counter Bulletin Board System (OTCBB) under the symbol CBQI.

About CBQ

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 affiliated with Beijing Zhongruan Zhixun Technology Development Co. Services include Software Development services for Enterprise computing and Internet Development Services. China Partners, Inc. is a wholly owned subsidiary of CBQ, Inc. Its primary focus is facilitating trade and investment opportunities between U.S. and Chinese companies through its trade portal Chinapartners.net. CBQcare.net provides a Web-based health care management system with applications such as practice management software for patient scheduling, referrals, messaging, charting, insurance claim generation, prescription and formulary management.

For more information, 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.