ChinaSoft, Inc. Announces Evaluation Order for Voice Over IP Solution.Business Editors & High-Tech Writers ADDISON, Texas--(BUSINESS WIRE)--Feb. 29, 2000 CBQ See traffic engineering methods. , Inc. The E-Business Marketplace (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBQI) announced today that its wholly-owned subsidiary ChinaSoft, Inc. has signed an order to evaluate the Voice Over IP Phone Exchange System. This order received from how2buyacar.com will allow how2buyacar.com members to take advantage of up to 70% savings on Long Distance calls placed through the how2buyacar.com website. Currently in development, how2buyacar.com is planning to launch in the next few weeks and will begin testing the CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. IP LINK platform shortly after that. CCS IP LINK allows users to utilize the Internet to place and receive telephone calls saving well over 70% in long distance charges and expanding the services that telephone companies can provide. The system interfaces with several of the most popular PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). systems including Nortel (NYSE NYSE See: New York Stock Exchange :NT), NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. (NYSE:NIPNY) and Toshiba and provides real-time billing, and also supports prepaid telephone calling platforms. "We are pleased that one of our existing customers sees the value in ChinaSoft's prepaid telephone calling platform," said John Harris, 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. , CBQ. "This platform should provide a unique benefit that will encourage continued membership in the how2buyacar.com portal." "This is a new opportunity for us to evaluate another customer retention strategy that will set our new and used car buyer information portal apart from the rest," commented Bob Davis, President, The How2 Company. About Chinasoft, Inc. Chinasoft, Inc. is 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. 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 services for Enterprise computing and Internet Development Services. For more information about CCSoft, visit www.ccsoft.com.cn About CBQ 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 affiliated with CCSoft Technology Developing Co., Ltd. Services (www.ccsoft.com.cn) include Software Development services for Enterprise computing and Internet Development Services. China Partners, Inc. is a wholly owned subsidiary of CBQ, Inc., Its primary focus is facilitating trade and investment opportunities between U.S. and Chinese companies through its trade portal Chinapartners.net. 1stinhealth.com, Inc. has a national health, nutrition and fitness benefit program. Over 500,000 providers of health, nutrition and fitness goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. accept the 1stinhealth card as payment for their goods and services from 1stinhealth members. The 1stinhealth benefit program is not insurance, but a complement to ALL existing types of insurance programs and enables its card members to receive a Preferred Price Advantage(R) at Participating Providers. The eight benefit programs offered by 1stinhealth(R) include: Total Medical, RxPlus, Vision, Dental, Mental Health, Alternative Medicine, Cosmetic & Beauty, and Fitness. CBQcare.net, provides a Web-based health care management system with applications such as practice management software for patient scheduling, referrals, messaging, charting, insurance claim generation, prescription and formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. management. For more information, 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 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