CBQ Inc. Announces Priority One Adds Additional EFT Services and Expands Processing for Voice-Tel.DALLAS--(BUSINESS WIRE)--Sept. 13, 1999-- CBQ See traffic engineering methods. Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CBQI) Monday announced that Priority One, a 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. , has added Electronics Fund Transfer (EFT) services and expanded processing services for Voice-Tel, a subsidiary of Premiere Technologies, Inc. (Nasdaq:PTEK PTEK Parents and Teachers of Explosive Kids ; www.premtec.com) to include merchant as well ACH services. Through the strategic alliance with Orion Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , as well as internal upgrades that include Y2K compliant Capable of correctly processing any data that deals with a date beyond the year 1999. See Y2K problem. fixes, Priority One will be able to offer additional services to its clients such as automatic customer notification of declined transactions that do not require client intervention. Priority One also announced last week that it began processing additional EFT transactions for Voice-Tel Communications. Initially, this will increase the number of transactions processed by the company by 15,000 to 20,000 per month. Eventually, this could lead to as many as 40,000 to 50,000 additional transactions per month. When asked about the recent announcements, Ms. Barbara Riehl, President of Priority One, stated, "We are very excited about our relationship with Orion. The additional services will allow us to better serve our clients. Internally, we have implemented upgrades to better serve our existing and future client base. "Our relationship with Voice-Tel has been steady over the past three years. I believe that the additional transactions indicate their faith in us to deliver our services in a reliable and efficient manner." Mr. Greg Allen Greg Allen (born in Warren, New South Wales) was an Australian rugby league player for the Cronulla-Sutherland Sharks in the New South Wales Rugby League competition. His position of choice was at prop-forward. , President of CBQ, added, "I am very pleased with the recent announcements of Priority One. Ms. Riehl is dedicated to the success of both her company and CBQ. The foundation she is building in Priority One will make it easier to move the company into a better position to support Internet based transactions for merchant data and e-commerce solutions." About Premiere Technologies Atlanta-based Premiere Technologies (Nasdaq:PTEK) provides innovative solutions to simplify communications by combining the power of the Internet with the reach of the telephone. Founded in 1991, Premiere has operations in 32 countries and can be found at www.premtec.com. About Priority One Priority One is a leader in Internet electronic payment technology. Since its inception in 1995, Priority One has been providing Internet retailers the ability to process payments from customers through either credit card or automatic debit from the customer's bank account. The Priority One system, known as Bill Collect(tm), is designed to alleviate the problem of sending out invoices, waiting for returned checks, and collecting accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying when due. The Bill Collect system can be fully integrated with the Internet retailer's software, so that information on credit card charges and EFT authorizations can be combined in the same batch transaction and uploaded directly and simultaneously to Priority One, through phone lines or the Internet, without any additional data entry. This news release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion