CBQ Announces Establishment of New Banking Relationship.Business Editors/High Tech Writers HUNT VALLEY, Md.--(BUSINESS WIRE)--June 19, 2001 CBQ See traffic engineering methods. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBQI) The E-Business Infrastructure Company, announced today that it has resolved all outstanding financial issues with Suntrust, which had been the pre-existing bank used by Quantum Technology Group, acquired by CBQ on August 8, 2000. CBQ has opened a new banking relationship with First Union, and is in discussions with other banks such as Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , and Allfirst. "CBQ is very pleased to have resolved all of its outstanding financial issues with Suntrust through its payments last week," said Bart S. Fisher, Chairman 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 CBQ. "We appreciate the consideration and professional manner in which we were able to move on to new banking relationships." "We are examining new offers of capital from venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , and individual investors," Fisher said. Bart Fisher will be featured in a live interview and Q&A session on Yahoo's Interactive Media Exchange Stock Club's Chat area Tuesday June 19, 2001 at 8:00 PM. To participate with in the live online interview and Q&A, merely join the Yahoo stock club at http://clubs.yahoo.com/clubs/interactivemediaexchange. About CBQ, Inc. CBQ, Inc. is a full service, end-to-end e-Business solution provider, which provides software-outsourcing through its subsidiary CBQ EasySoft International Inc., Beijing, China and Miami, Fla.; provides technology and network Integration engineering services through its subsidiary CBQ Networkland, Rosslyn, Virginia Rosslyn is an unincorporated area located in the northeastern corner of Arlington County, Virginia, north of Arlington National Cemetery and directly across the Potomac River from Georgetown in Washington, D.C. ; provides software programming and development though its subsidiary CBQTechnet Computer Services, Inc., India and Tyson's Corner, Virginia; and provides network integration though its subsidiary, CBQ NETSERV, Hunt Valley, MD. For more information on CBQ, Inc., visit http://www.cbq.com. Also a Shareholder Summary is located at http://www.marketex.net/package.htm. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. : 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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