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C-ME.com's IPO DECLARED EFFECTIVE BY THE SEC ALHAMBRA, Calif., May 21, 1999 - C-ME.com, a business-to-business e-commerce company, today announced that its registration statement filed with the Securities and Exchange Commission has become effective and it may now conduct an Initial Public Offering. The company expects to sell up to 2,500,000 shares of common stock at $8 per share in a combination of a direct public offering by the company and a best efforts underwriting by a group of broker-dealers. Participating broker-dealers in the offering include Ace Diversified Capital, AM Razo & Company Securities Inc., Corporate Investments Group Inc., Drake & Company Inc., First Montauk Securities, The Malachi Group Inc., Tradeway Securities Group Inc., Travis Morgan Securities and U.S. Pacific Financial Services. Contact information for each broker-dealer may be found at www.c-me.com/lobby/ipo/bd.html. Commenting on the form and pricing of the offering, Frank Yuan, C-ME.com president and CEO stated, "Over the past few months we've been introducing our company to the financial community. We conducted a series of domestic and European road show meetings covering 10 cities. This deal is somewhat of an anomaly. While we're conducting a direct offering by our company, nine broker-dealers have signed up to participate on a best efforts basis." Prior to receiving its effective date from the SEC, C-ME.com had circulated a red herring with a stated price range of $6-$9 per share. "In response to the indications of interest, the company has determined the final price per share to be $8," Yuan added. Proceeds from the sale of the stock will be used to fund the company's domestic and overseas expansion, as well as general working capital needs. Following completion of the offering, C-ME.com intends to apply for listing with the American Stock Exchange (expected symbol: ME) or with NASDAQ (expected symbol: CMEE). Offers of the registered securities can only be made when accompanied by the prospectus. A copy of the offering prospectus is available at http://www.c-me.com/lobby/ipo/info.html. It may also be obtained by writing, calling, faxing or e-mailing C-ME.com at 320 S. Garfield, Ave., Suite 318, Alhambra, CA 91801. Tel: (888) 564-6263 -- Fax: (626) 588-3655 -- E-Mail: ipoinfo@c-me.com. This offering is available to residents of CA, NY, NJ, IL and citizens of other countries only. An indication of interest in response to this notice will involve no obligation or commitment of any kind. This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
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