UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
May 28, 2004
Date of Report (date of earliest event reported)
CHINA DIRECT TRADING CORPORATION
(Exact name of Registrant as specified in its charter)
Florida 33-4707-NY 84-1047159
(State or other (Commission File No.) (IRS Employer
jurisdiction of incorporation Identification
or organization) Number)
12535 Orange Drive, Suite 613
Davie, Florida 33330
(Address of principal executive offices)
(954) 474-0224
(Registrant's telephone number, including area code)
CBQ, Inc.
(Former name or former address, if changed since last report)

ITEM 5 Other Events and Regulation FD Disclosures

The Company has changed its name to "China Direct Trading
Corporation", effective May 27, 2004. At the start of trading on May 28, 2004,
the Company's name and trading symbol on the OTC Bulletin Board shall change
from "CBQ, Inc." and Symbol "CBQI.OB" to "China Direct Trading Corporation" and
Symbol "CHDT.OB".
The Company's proposed reincorporation from the State of Colorado to
Florida was approved by shareholders at the May 17, 2004 Special Meeting. The
reincorporation proposal received the affirmative vote of over 81% of the shares
entitled to vote.
The reincorporation has not changed the Company's business, officers
and directors, employees, principal offices, properties or shareholders.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHINA DIRECT TRADING CORPORATION
Date: May 27, 2004
By: /s/ Howard Ullman
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Howard Ullman, Chief
Executive Officer and
President and Chairman

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Due Da Due......But Be Quick About It!!!!!