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Article: CBQ Inc. Signs Agreement to Acquire Priority One Corp.
- Article from:
- Business Wire
- Article date:
- February 26, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS--(BUSINESS WIRE)--Feb. 26, 1999--CBQ Inc. (OTC BB:CBQI) Friday announced that it has signed a Letter of Intent to acquire all of the outstanding stock of Priority One Corp., of Akron, Pa., subject to the completion of a definitive purchase agreement, for an undisclosed amount of common stock in CBQ.
The Priority One acquisition, together with CBQ's planned acquisition of Reliance Technologies Inc. announced Thursday, will add a projected $3.2 million in revenue to CBQ over the next year, as well as providing eight Internet engineers and a base of Internet technology. The Reliance acquisition is expected to close within days, and Priority One in ...