CorpHQ Releases Financial Results for First Quarter 2005; OTC Company Posts Voluntary -Non-EDGAR- Report Today.

REDONDO BEACH, Calif. -- CorpHQ, Inc. (OTC:COHQ) today reported that it has posted its Voluntary Quarterly Report for the period of January 1, 2005 through March 31, 2005 at http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ. The information highlighted in this press release is contained in, and qualified in its entirety by, the full text of the Voluntary Report referenced above, and all readers are encouraged to consult the full report which includes, among other things, risk factors and other information necessary for a complete understanding of the company.

During the three month period ending March 31, 2005, our total assets increased by 60% to $4,511,457 from $2,815,738 at March 31, 2004. Our total equity also increased by 57% to $4,279,286 from $2,728,747 at March 31, 2004.

Revenue in the three month period ended March 31, 2005 increased by 113% to $1,178,566 from $554,589 in the three month period ended March 31, 2004. We had net income of $949,875 for the three month period ended March 31, 2005 compared to net income of $455,390 for the three month period ended March 31, 2004, a 109% increase.

As of March 31, 2005, we had working capital of $286,090, total current assets of $1,200,633 and total current liabilities of $232,171. On March 31, 2004, we had working capital of $7,139, total current assets of $30,555 and total current liabilities of $86,991. We believe that our current working capital is sufficient to fund our present operations.

These increases are a result of our sale of the majority ownership interest in our portfolio company Safeguard Technology International Inc. ("STI") and the increase in the value of this investment to twenty cents ($0.20) per share. During the fiscal quarter ending March 31, 2005, we divested the sum of 22,939,926 shares of STI for aggregate proceeds in the amount of $1,323,141. This included a large block sale which we consider an extraordinary event.

Steve Crane, CorpHQ's Chairman and CEO said: "Our exemplary performance during the first quarter of 2005 is a testament to the commitment and perseverance we have given to our portfolio company, Safeguard Technology. The large block transaction we conducted with Safeguard's private shareholders during March has now paved the way for Safeguard to begin evaluating the various public listing and financing opportunities available to it."

Crane added, "This marks the completion of the first step in our 2005 expansion strategy. We will allocate much of these funds to our UK business unit to organize our venture capital trust, and to investments in new portfolio companies. Our progress so far this year is perfectly aligned with our plan, and we remain optimistic that we will achieve all the goals stated previously in our 2004 Annual Report."

About CorpHQ, Inc.

CorpHQ Inc. operates as a holding company and business incubator; we organize, invest in, and provide comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its portfolio companies.

Forward-Looking Statements 

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.

This press release is available at www.corphq.com and http://www.pinksheets.com/quote/quote.jsp?symbol=COHQ.