Exhibit 99.1 Letter of Intent June 18, 2003 China Direct Trading Co. 12535 Orange Drive #613 Davie, Florida 33330 Letter of Intent The following will summarize the principal terms of a merger agreement Merger Agreement") to be entered into between CBQ...CBQ Inc • October 30th, 2003 • Blank checks
The following will summarize the principal terms of a merger agreement Merger Agreement") to be entered into between CBQ Inc.(CBQI), a Colorado corporation and China Direct Trading Company (CDTC), a Florida Corporation, as follows: 1. CBQI and CDTC intend to enter into a merger agreement pursuant to which among other things, CBQI will be merged into CDTC with CDTC being the surviving corporation. 2. Prior to the execution of the merger agreement, CBQI will be responsible for all expenses incurred in the connection with the proposed merger agreement including attorneys fees, accountants, and any other expenses involved in the Transaction. 3. The closing of the Merger Agreement ( "Closing ) will be a date not later than one hundred and eighty (180) days after the Merger Agreement is signed, which will be the closing date. 4. The terms of the proposed merger will be further negotiated and memorialized in the definitive Merger Agreement, which will contain the usual and customary represent
