PASADENA, CA – April 18, 2001 –Cyber Merchants Exchange, (C-Me) (OTC-BB: CMEE) has signed an agreement with Bermo Enterprises whereby Bermo will use C-Me’s international, web-based merchandise sourcing service and global financing platform.

Bermo Enterprises, which is based in Schoolcraft, Michigan, is a wholesale and retail sportswear company founded in 1973.  They are one of the largest off-price sportswear jobbers in the United States; the company specializes in branded off-price sportswear and supplies merchandise to off-price retail chains, one-price retailers and independent stores.  Bermo has wholesale offices in New York and California and operates nineteen retail stores in western Michigan and northern Indiana.

This arrangement allows Bermo, as well as C-Me’s other signed partners, 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 customized  according to individual retailer’s merchandising requirements.  Other retailers using C-Me’s platform include Burlington Coat Factory (NYSE: BCF) and Factory 2-U Stores (NASDAQ: FTUS).

Frank Yuan, Chairman and CEO of C-Me, commented, “Bermo is a perfect candidate to profit from C-Me’s sourcing platform.  It will enable them to bring online new vendors from abroad from which they can buy merchandise.  By increasing the range of channels from which Bermo can source merchandise, they will have the opportunity to offer a wider selection to their customers.”

Ed Bernard, the President of Bermo, also noted that, “Bermo plans to utilize and benefit from the strategic alliance that C-Me has with The CIT Group, Inc. in order to facilitate our cross-border financing and importing.  This strategic alliance eliminates the need for issuing letters of credit for importing merchandise from overseas.”   Under this agreement, CIT establishes pre-approved credit lines for buyers so they can easily and efficiently purchase products on the C-Me web site and, at the same time, provide credit protection to sellers.   Added Mr. Bernard, “the fact that C-Me has both the ability to introduce us to hundreds of new manufacturers and provide us a turn-key financing solution to import the goods makes this arrangement extremely attractive to us.”  

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), Burlington Coat Factory (NYSE: BCF), McWhorter’s, Sacks SFO, Susie’s Deals and L&L Wings.  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