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Tuesday, 04/20/2004 9:32:37 AM

Tuesday, April 20, 2004 9:32:37 AM

Post# of 219267
IDGE news!

Mark Ellis, CEO, Secured $290,000 Equity Investment for Qbe From Granat

IRVINE, Calif., April 20 /PRNewswire-FirstCall/ -- Qbe Technologies, Inc. today announced that its CEO, Mark Ellis, has secured a $290,000 equity investment from Granat Buchanan Chestnut, Inc. (GBC). Mr. Ellis was also successful in securing an $85,000 equity investment for Universal Broadband Communications (UBC) and a PO pre-approval extension for InDigiNet, Inc., (BULLETIN BOARD: IDGE) from GBC.

Under a directive from Mr. Danny Lee, who is a consultant to both InDigiNet and Universal Broadband Communications (UBC), GBC has purchased $290,000 in equity from Qbe and $85,000 in equity from UBC. He has also authorized GBC to extend InDigiNet's PO pre-approval. Mr. Lee is the majority shareholder for GBC.

"This amount of equity investment from a single source speaks volume as to our chances of success," stated Qbe CEO Mark Ellis. "And when you add this amount to the previously announced investments and commitments from GBC, I am deeply touched by the vote of confidence that Mr. Lee has placed upon my abilities and the companies' prospect for success. I look forward to working closer with GBC to secure additional funds for our ventures including the enhancement of existing participations."

"When you find a winner, you stick with it," stated Danny Lee. "Mark has shown to be just that kind of CEO. The idea for the tablet PC had been percolating ever since chipmaker National Semiconductor announced a design in the dot-com boom years for a simple Web-browsing pad that manufacturers could use to make the devices. We're still in the early stages of what effectively is nascent demand in the tablet market. Looking forward, our dollar investment says we are expecting the demand potential for tablets is pretty high. Moreover, we're enthusiastic about our ROI from our investments into Ellis portfolio companies. This is the beginning of a beautiful partnership."

About Qbe Technologies, Inc.

Based in Irvine, California, Qbe Technologies is a wireless telecomputing company that creates and integrates user-friendly devices bridging the divide between people, organizations and information. Our flagship product -- the Qbe Personal Computing Tablet -- was introduced to fulfill the ever-increasing need for convergence tools that seamlessly blend content, communication and connectivity. More than a fully functional computer, the Qbe is the ultimate creation device that is as versatile as you are. For more information, go to http://www.qbetech.com/.

About InDigiNet, Inc.

InDigiNet, Inc. is an integrated solutions company that provides small to mid-size enterprises (SMEs) with an integrated communication solution. The Company will offer data, local, long distance and wireless services to SMEs over third party networks enabling the company to offer a comprehensive suite of services without the capital burden of building a communication network. Under the C2C Exchange (C2C) brand name, the Company is known as a website design, hosting and complete e-commerce provider delivering one of the easiest and most powerful website building solutions on the Internet. The Company and its development team have automated the ability for a user to quickly and easily create powerful, feature rich, professionally designed websites. C2C has incorporated state-of-the-art features with styles, layout and graphics in addition to powerful functional management tools that every successful business needs for e-commerce. In a fraction of the time it once took, a user can now create a fully functional e-commerce website using any Internet access method. Compared to the traditional costs of web development, this service is simple and affordable. For more information, go to http://www.c2cexchange.com/

For more information about InDigiNet visit http://www.indiginet.com/.

About Granat Buchanan Chestnut, Inc.

Granat Buchanan Chestnut, Inc. (GBC) is a California based company providing capital solutions for purchase orders (PO). At GBC our mission is clear and unequivocal: to help publicly traded micro-cap companies gain and sustain competitive advantage, and achieve profound, tangible results for our clients. Whether the focus is on strategy or capital, our people are committed to helping clients improve their business relationships and their bottom line economics. For more information, go to http://www.gbc-granat.com/.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

For additional information call Investor Relations 949-476-3711 Or visit company website http://www.indiginet.com/.
Qbe Technologies, Inc.

CONTACT: Investor Relations, +1-949-476-3711

Web site: http://www.gbc-granat.com/

Web site: http://www.c2cexchange.com/

Web site: http://www.qbetech.com/

Web site: http://www.indiginet.com/


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