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FOR IMMEDIATE RELEASE
C-Me
Announces Bangladesh Joint Venture
PASADENA,
CA - 6/1/1997 Cyber Merchants Exchange, ("C-Me") (OTCBB: CMEE)
an international B2B Electronic trading company, today announced the establishment
of C-Me Bangladesh. The New Addition of the Bangladesh Office was formed
to further expand C-Me's global merchandising sourcing network.
"We are privileged to have Mr. Haseeb Alam as our C-Me Bangladesh
partner," stated Mr. Frank Yuan, Chairman and CEO of C-Me. “Mr.
Alam is a U.S. Continuing Graduate and his parents (Confidence Group)
are one of the leading blue chip business conglomerates in Bangladesh."
Mr. Yuan stated, "Bangladesh is the world’s leading moderate
price garments export center, adding Mr. Alam to our C-Me's group will
give us a head start in the South East Asian Market."
"After carefully studying C-Me's business model, I am thrilled to
be a part of the C-Me team," stated Mr. Alam. "C-Me's strong
ties with U.S. and Global buyers makes it a very unique and leading B2B
electronic trading company." Mr. Alam stated, "C-Me Bangladesh
will be the first B2B E-trading company in Bangladesh. C-Me's further
approach to move buyer and sellers though the web portal technology is
a brilliant move to put the buyer and seller together under one roof,
which will enhance the virtual transactions done through the Internet."
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 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.
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