CBQ, Inc. Announces Priority One Electronic Commerce Corporation and iPowerUp, Inc. Sign Contract to Provide Electronic Funds Transfer Services Through PriorityCASH Platform.Business Editors & High-Tech Writers NEW HOLLAND, Pa. and FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)-- Jan. 11, 2000 CBQ See traffic engineering methods. , Inc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CBQI) The E-Business Marketplace, announced today that its 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. Priority One Electronic Commerce Corporation has been awarded a contract from iPower, Inc. to process all Credit Card and Automated Clearing House See ACH. transactions from their e-commerce site. iPowerUp represents the cutting edge in Internet infrastructure in both community and content management. iPowerUp is a tool - a unique XML-intelligent technology, which has enormous broad-based problem solving problem solving Process involved in finding a solution to a problem. Many animals routinely solve problems of locomotion, food finding, and shelter through trial and error. capabilities for organizations, businesses, banks, and individuals. "We looked at several Internet payment processing services and Prioritycash.com offered the most feature rich service we evaluated." Said iPowerUp's 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. and Co-Founder M. L. "Mickey" Valentine, "We expect transaction volumes to grow from a modest volume of 200 transactions a week to over 100,000 transactions a month by the end of the year 2000." Richard Schwartz, Vice President Sales, CBQ commented "iPowerup represents another example of how Prioritycash.com can bring internet payment capabilities easily and securely to already existing e-commerce businesses. We are proud to be apart of their rapidly growing enterprise." 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 customer's 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 formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. 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 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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