CBQ Advises of Delay in 3rd Quarter 2000 10Q; Grant Thornton Retained as Auditors and Advisors to Elevate Reporting Standards in Preparation of Move to NASDAQ.

Business Editors/Hi-Tech Writers

HUNT VALLEY, Md.--(BUSINESS WIRE)--Nov. 29, 2000

CBQ, Inc. (OTCBB:CBQI) announced today that there would be a delay in filing its 10Q for the 3rd Qtr. 2000.

"This is obviously of concern to the officers and shareholders of the company. Rest assured that the reasons for the delay are ultimately in the best interest of the company," said Bart Fisher, CEO and Chairman.

"The Company intends to move its listing to NASDAQ as quickly as possible. As part of the process to achieve this objective we have begun to elevate our reporting standards to those expected of a NASDAQ company. For these reasons we have retained Grant Thorton as the company auditors and advisors. In addition, we are taking the opportunity to discontinue or shutdown all non-performing or under-performing business units of CBQI. The combination of these two events has, by necessity, delayed the filing of our 3Qtr. 10Q," Fisher said.

"Our core is a profitable Information Technology infrastructure business that will perform consistent with shareholder expectations and qualify CBQI for the move to NASDAQ. All of the one-time charges and expenses associated with the shutdown or discontinuation of non-core businesses will be reflected in the 3rd Quarter 10Q. The level of work associated with this effort has been tremendous, and therefore the filing delay is unavoidable," Fisher said.

"On a related note," Fisher added, "the core business is performing well and its backlog continues to grow. Currently, we are either in negotiations or under letter of intent with 5 potential acquisitions, all of which are expected to add substantially to top-line revenues and be accretive to earnings," Fisher said.

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 resources to its clients. For more information on Quantum Technology Group, visit www.qnettech.com.cn.

ChinaSoft, Inc. is a wholly owned subsidiary 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.cn.

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.

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.