CBQ, Inc. Files 1999 Annual Report On Form 10-KSB.

Business Editors

ADDISON, Texas--(BUSINESS WIRE)--April 19, 2000

CBQ, Inc. (OTCBB:CBQI) The E-Business Marketplace today filed its 1999 Annual Report on Form 10-KSB for fiscal year 1999 with the Securities and Exchange Commission.

For the twelve-month period ending December 31, 1999, the company reported a net loss of $412,144 on revenue of $720,925, less than $.01 per share. That compares with a net loss of $21,579 on no revenue, less than $0.01 per share, for same period in 1998.

The increase in losses reflects one-time costs incurred by CBQ, Inc. to either acquire or purchase a substantial position in three companies during fiscal year 1999.

"1999 was a year of strategic growth and transition and the company was working to absorb its acquisitions," said John Harris, CEO, CBQ, Inc. "The addition of ChinaSoft and the efforts we have made to seed opportunities in China will begin to show returns in 2000 and beyond. We are grateful to the many people that have supported CBQ through this transition, recognizing the long-term value of preparing for outstanding e-business opportunities in China."

Due to volatility particularly in the high-tech sectors of the stock markets, CBQ, Inc. has temporarily withdrawn its application for NASDAQ Small Cap Listing and will turn its full attention to pending Chinese business ventures.

CBQ, Inc. recently announced that it is acting as Chung Hua Wireless Internet's agent, actively seeking companies from outside China that wish to supply equipment for building a wireless Internet network in southern China. Chung Hua Wireless Internet is a wholly-owned subsidiary of Wanlitong Information Network of Shenzhen, China.

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 www.ccsoft.com.cn. 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 China 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.