December 15, 2003 08:07
CBQ, Inc. Becomes Major Supplier of Spinner Keyrings to the Pet Sector; Transaction Assures Profitability of CBQ for 2003
FT. LAUDERDALE, Fla., Dec 15, 2003 (BUSINESS WIRE) -- CBQ, Inc. (OTC:BB:CBQI.OB), a major importer of products from Asia, announced today that it has won a three-year contract to supply MGN Sales exclusively with its spinner keyrings (patent pending) for distribution to the pet sector. MGN will place the goods in mass merchandisers, drug chains, gift card chains, pet stores, pet groomers, and pet shows. CBQ will also supply a line of refrigerator magnets to MGN along with all display fixtures.
MGN Sales, a supplier to the pet industry through all retail channels, was formed by Richard Tamburri, a ten-year veteran of souvenir wholesale distribution. "I see a void in the pet souvenir market, and am committed to working with CBQ to fill this niche. Humans love their pets and we intend to supply popularly styled pet souvenirs throughout the world," Tamburri said.
The revenues booked from the MGN sales will assure profitability of CBQ for 2003.
Apart from its landmark sale to MGN Sales Souvenir Direct, CBQ's operating company received this week its overseas vendor number from the world's largest retailer, which will promote future sales. "We are pleased to be providing our customers with sourcing, manufacturing, packaging, and product placement," said Howard Ullman, CEO of CBQ.
CBQ is a holding company with subsidiaries involved in trade between China and other countries. The company is involved in the souvenir, gift, novelty, and promotional products industries. The company expects to develop other niche industries that benefit from the high quality and low prices China has to offer, as well as exporting U.S. goods to China. For additional information please visit www.chinadirecttradingco.com.
Securities Exchange Act of 1934
This release is comprised of information that must be interpreted in the context of all of the information provided; accordingly, care should be exercised not to consider portions of this release out of context. This release is provided in compliance with Commission Regulation FD and contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933.
SOURCE: CBQ, Inc.
Howard Ullman, 954-474-0224