CBQ, Inc. and Chung Hua Wireless Internet Limited Plan Wireless Internet Network for China, Hong Kong, Macao, Taiwan With Permission Under Chinese Telecom Statute.

Business Editors

HONG KONG, BEIJING and ADDISON, Texas--(BUSINESS WIRE)--March 20, 2000

CBQ, Inc. (OTCBB:CBQI) The E-Business Marketplace announced today that it has signed a letter of intent with Chung Hua Wireless Internet Limited to develop a wireless Internet network in Hong Kong and in cities in China, Macao, and Taiwan.

The companies are proceeding with plans with full permission under the Chinese Telecom Statute. Chung Hua Wireless Internet Limited is a registered Hong Kong corporation and an affiliated company of the Wanlitong Information Network (www.95960.net) based in Shenzhen, China.

The network will allow subscribers to request custom information on demand (IOD) from service operators who will provide content including stock quotes, weather reports, sports scores and updates, and travel schedules and reservations. Subscribers will also be able to send and receive e-mail via the Internet with a pocket-sized wireless terminal.

Wanlitong Information Network began distributing network-ready pagers in Shenzhen on January 1, 2000, and plans to roll out the two-way mobile information network with Internet access to 10 cities in China over the next twelve months. The company will continuously expand the network in additional cities in China thereafter.

"With the Chinese wireless market set to double in the next year, partnership with Chung Hua Wireless Internet Limited comes at a critical time," said John Harris, CEO, CBQ, Inc. "Forty-five million people are trading online in China. This network will allow them to do so conveniently while they are on the move."

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., CBQ can design, implement, host, build traffic and process payments for its customer's e-business initiatives. CBQ also wholly owns two subsidiaries, ChinaSoft, Inc. and China Partners, Inc. ChinaSoft is a joint-venture partner with CCSoft Technology Developing, Ltd. that provides services including software development for enterprise computing and Internet development. China Partners is focused on facilitating trade and investment opportunities between U.S. and Chinese companies. Visit www.cbq.com for more information.

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.