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FOR IMMEDIATE RELEASE
C-Me Announces its Successful ASAP Show
PASADENA, CA
- March 25, 2002 - Cyber Merchants
Exchange, ("C-Me")
(OTC-BB"
CMEE) announced its successful ASAP Show which debuted on February 18th,
2002 at the Mirage Hotel in Las Vegas, Nevada.
ASAP’s
mission is to establish a premiere venue for leading international textile &
garment manufacturers and global buyers to meet & conduct business under one
roof during the world's largest apparel trade week.
For this show, there were approximately 120 manufacturers from 10
different countries exhibiting. The exhibitors successfully transacted approximately $40
million in sales during the show and $100 million in potential orders from 1,500
plus attendees
Frank
Yuan, chairman and CEO of C-Me and ASAP Show stated, "I'm so pleased with
the comments that were given by the attendees about the show."
Samples of the comments are as follows; "It only took me two minutes
to go from Turkey to Hong Kong, What a great concept."
"The retail industry should present this show with a plaque for what
they have done."
"We now can shop, compare and negotiate business under a safe and
convenient location."
Stay
tuned for our August 25th - 28th, 2002 ASAP Show in Las
Vegas, Nevada. We are expecting a
bigger and better show.
About Cyber
Merchants Exchange, Inc.
C-Me (http://www.C-Me.com)
is an international B2B electronic trading company that creates efficiencies for
retailers to source and finance international purchases.
C-Me builds private extranets - Internet Sourcing Networks, a closed
marketplace, for its retail partners. C-Me’s
patent pending Global Financial Platform allows US retailers to purchase
overseas merchandise without the need of issuing a Letter of Credit.
The Company also provides vendors with a Virtual Trade Show, a vertical
marketplace for vendors to display their products in an open environment
accessible to buyers around the world. C-Me
also produces the Apparel Sourcing Association Pavilion ("ASAP") trade
show twice a year. ASAP will be
held in Las Vegas, Nevada in conjunction with the world’s largest apparel
trade show week. ASAP's mission is
to establish a premiere venue for leading international textile & garment
manufacturers to conduct business under one roof with global buyers.
The Company presently has offices located throughout Asia and Turkey.
C-Me has strong strategic partnerships with CIT Commercial Services
(NYSE: CIT), Bank SinoPac, Rical Logistics and Fritz, a UPS Company.
The Company’s current retail partners included among others are:
Factory 2-U Stores, Inc. (NASDAQ: FTUS), Burlington Coat Factory (NYSE: BCF),
Susie's Deals, and Bermo Enterprises.
Certain
of the statements made herein constitute forward-looking statements
that involve risks and uncertainties.
In such instances, actual results could differ materially as a
result of a variety of factors including the risks associated with the
effect of changing economic conditions at home and abroad, variations
in cash flow, reliance on collaborative retail customers, reliance on
intellectual property legislation, use of proprietary un-patented
technology, dependence on the Internet and on new product development,
variations in new product and service development, risks associated
with rapid technological change, and potential of introduced or
undetected flaws and defects in products and services and other risk
factors detailed in forms filed with the Securities and Exchange
Commission from time to time.
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