CBQ, Inc. Announces Appointment of New President/CEO.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 3, 2001 CBQ, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBQI) The E-Business Marketplace, announced today the appointment of a new President and Chief Executive Officer, as part of the relocation of its operations from Arlington, VA to Pembroke Pines, FL. The new President/CEO of CBQ, Inc. will be W. Steven Garrett, currently the President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of First Choice Corp. consulting group. Mr. Garrett will move the International Headquarters of CBQ, Inc. on Thursday, Dec. 6, 2001 to 12350 N.W. 18th Street, Pembroke Pines, Florida Pembroke Pines is a city in Broward County, Florida, United States. The population was 137,427 at the 2000 census. As of 2004, the population estimated by the U.S. Census Bureau is 150,104. 33026, Phone: 954-450-2888 and Fax: 954-450-0886 from the current headquarters at 1911 Ft. Myer Drive, Arlington, VA 22209. W. Steven Garrett has also been President/CEO of Diversified Technologies Group, Inc. "DTGI" NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). : OTC/BB since January 2001. In that capacity he was responsible for day-to-day operations of the business. Prior to this position during 2000, he was President/CEO of e-Biz TranzForm, Inc., Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. where he co-initiated the start-up and development of a team of engineers to develop global Web presence and ASP vertical portals for established clients desiring to gain B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business presence on the Internet. W. Steven Garrett has been involved in directing leading edge technology start-up companies by providing organization, methods, orientation, systems and focus for manufacturing plants, marketing & sales organizations, Internet solutions providers, software developers and e-Business systems during his 30 year executive management career. IBM, Apple, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , HP, Compaq and Nortel Networks have accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. him in PC Computer Hardware. When faxes first appeared in the mid 1980's Garrett assisted in the design and development of Zon-Talk software (VeriFone Tranz 330) to control a fax machine and created the First Public Fax Station (The Fax Station & Go Fax Inc., plus many others), which then afforded travelers the convenience of self-service, credit card activated, fax availability in airports, office buildings, turnpikes and hotels. "W. Steven Garrett has an excellent background in management, and expertise in corporate development and E-Business. We are looking forward to a long and productive relationship with him," said Bart S. Fisher, Chairman of CBQ, Inc. About CBQ, Inc. CBQ, Inc. is a full service, end to end E-Business solution provider. Through its subsidiaries, led by Quantum Technology Group, Inc., CBQ provides custom web-based software, including web portal design and development, networking services and security, as well as many other web-based solutions. The company also provides information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much resources to its clients. For more information on Quantum Technology Group, visit www.qnettech.com. ChinaSoft, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CBQ, Inc. that is a joint venture partner with CCSoft Technology Developing, Ltd., Beijing, China. Its services include Software Development for Enterprise computing and Internet development. For more information about CCSoft, visit www.ccsoft.com. China Partners is a subsidiary that is developing an Internet portal between the United States and China to facilitate international trade and investment opportunities between private sector companies as well as facilitating trade between the private sector and government owned industries in China. China Wireless, Inc. is an early stage subsidiary that is developing telecommunications projects in China. For more information on CBQ, Inc., visit www.cbq.com. Safe Harbor: 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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