Cyber Merchants Exchange Announces Signing of New Retailers

PASADENA, CA – January 11, 2000 –Cyber Merchants Exchange, (C-Me) (OTC-BB: CMEE), announced that they have signed four fast-growing retailers who have agreed to use the Company’s international, web-based merchandise sourcing platform. The new retailers include:  McWhorter’s, Sacks SFO and Susie’s Deals which are based in California and L & L Wings which is based in New York. 

This arrangement allows these retailers to connect with an unlimited number of manufacturers abroad through C-ME’s web based Internet Sourcing Network (ISN).  The ISN consists of customized private extranets that connect retail buyers with vendors domestically and globally; each extranet is built according to each retailer’s merchandising requirements. These four new retailers join Burlington Coat Factory (NYSE: BCF) and Factory 2-U Stores (NASDAQ: FTUS) who are currently C-ME’s strategic partners. 

Frank Yuan, the Chairman and CEO of C-Me described the appeal of Cyber Merchants Exchange for small to medium size retailers.  “Cyber Merchants Exchange is designed for retailers who recognize the strategic value of gaining access to global supply sources for merchandise.  In addition, our innovative global financing platform provides those retailers the opportunity to source goods globally without the use of letters of credit.  In this fast-moving retail environment, what we can offer our retailer partners is a chance to compete on a ‘level playing field’ by providing direct channels to the same caliber of foreign vendors that the larger chain stores have enjoyed almost exclusively for many years.” 

Mr. David Sacks of Sacks SFO described the benefits for them in joining with C-ME.  “In order to be competitive in today’s marketplace, we are always searching for new and creative products from manufacturers around the globe.  C-Me is the only B2B global sourcing platform that is tailored to retailers our size.  With this platform, small retailers have the opportunity to directly access world markets thereby eliminating the need for the ‘middle-man’.  Not only is it very simple for our buyers to use with customized features, but it offers a range of merchandise that previously might only have been seen by buyers at a company like Wal-Mart which typically develops its own international purchasing structure.”

About McWhorter’s
McWhorter’s operates twenty-seven full line home office, gift, card and stationery stores for moderate to upper moderate customers.  In addition to the retail stores, McWhorter’s also operates 10 Express stores located within major Silicon Valley companies.  The Press stores feature logo ready-to-wear and general gift items.

About Sacks SFO
Sacks SFO is a contemporary retailer for the fashion forward shopper seeking great deals – quality, trend setting items at great prices.

About Susie’s Deals
Operating since 1982, Susie’s Deals operates sixty stores offering fashionable family apparel and accessories at  incredible prices.

About L & L Wings
L & L Wings is a resort store operation catering to vacationing families and features everything from apparel to snorkel gear. Its thirty-seven stores are located in beach resort areas.   

About Cyber Merchants Exchange, Inc. (C-Me)
C-ME (http://www.C-ME.com) is to use its proprietary web-based software to create a global B2B e-commerce solution that streamlines the way retailers locate finished and made-to-order viable merchandise.  C-Me’s current retail partners include Factory 2-U Stores (NASDAQ: FTUS) and Burlington Coat Factory (NYSE: BCF).  The company also provides vendors with the Virtual Trade Show ™ (“VTS”), a vertical marketplace for vendors to display their product in an open environment. The company is currently forming multiple joint ventures in the Pacific Rim to facilitate direct international merchandise sourcing for its U.S. retail partners.  C-Me has operations in North America, Asia, Europe and the Middle East.