CBQI news CBQ and China Direct Announce Plan to Merge
Monday June 23, 8:02 am ET
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--June 23, 2003--CBQ, Inc. (OTC:BB:CBQI) and China Direct Trading Company, a leader in developing and sourcing products from Asia, announced today that the two companies have entered into a Letter of Intent to merge. The merged entity will be called China Direct Trading Company (CDTC). For more information about the goods sold by China Direct see www.souvenirdirect.com
It is anticipated that the merger agreement will be concluded within 180 days.
China Direct is profitable, with current projected revenues of $2,000,000 for 2003. Should current negotiations with prospective clients prove to be successful the projected revenues for China Direct over the next 12-month period would rise to $20,000,000.
This is not a reco to buy! Please do your DD!
