CorpHQ Announces E-Commerce Partnership With Contractors Bonding and Insurance Co.

LONG BEACH, Calif.--(BUSINESS WIRE)--March 26, 1999--CorpHQ Inc. (OTC BB:COHQ) Friday announced that it had reached a definitive agreement for a strategic marketing partnership with Contractors Bonding and Insurance Company, a privately held, Seattle-based insurance company.

CorpHQ provides an online "corporate headquarters" for small office/home office businesses and independent professionals at http://www.corphq.com. A next-generation "destination" site based upon a completely unique business model, CorpHQ.com provides a platform for community, E-Commerce and physical distribution to micro-businesses, aggregating their capabilities as the "Internet's Virtual Corporation." CorpHQ intends to create the preeminent online platform for the nation's 43 million at-home businesses, creating an exclusive channel of communication into the fastest growing market segment in the United States.

The relationship will bring CBIC's full line of surety coverages and niche property and casualty insurance products to CorpHQ's Small Office-Home Office members. Art Aviles, Sr., CorpHQ's executive vice president said, "We are very pleased to represent CBIC's quality services on CorpHQ.com. CBIC understands small business, and has specially tailored its product line to suit the independent and entrepreneurial business. We believe the CBIC relationship will bring great benefit to our members."

CBIC is U.S. Treasury listed and rated A (Excellent) by A.M. Best Co. The company serves more than 20,000 contractors and nearly 3,000 insurance agents nationwide. CBIC is licensed for surety in all 50 states, licensed for commercial property and casualty insurance in 46 states, and operates 12 regional branch offices nationwide.

CBIC is developing an online business owners commercial personal property insurance policy. Through CorpHQ.com, California home-based business owners will be able to quickly and easily obtain a quote and bind property insurance coverage for their business. In addition, mortgage brokers will have the ability to apply online for their state-required surety bond. Steven A. Gaines, president, said, "Our focus on surety bonds and insurance for small businesses matches perfectly with the CorpHQ model. We're enthusiastic as we enter into our new joint marketing operations."

This statement contains certain forward looking statements, which may involve known and unknown risks, uncertainties, and other factors not under the company's control which may cause actual results, performance and achievements of the company to be materially different from the results, performances, or expectations of the company. These facts include but are not limited to those detailed in the company's periodic filings with the Securities and Exchange Commission.