C-ME.com - News Release

Zweave to Deliver Educational Seminar at ASAP Show

EL MONTE, CA – June 16, 2003 – Cyber Merchants Exchange (“C-Me”) (OTCBB: CMEE), an international electronic trading and logistics company, today announced that Zweave, Inc. – the leader in Collaborative Product Lifecycle Management (CPLM^tm) – will deliver a two-hour educational seminar at the ASAP Global Sourcing Show, Monday, August 25, 2003.

The National Retail Federation (NRF) selected Zweave to be the educational keynote speakers – featuring Laura McCann, President of Zweave, and David Buck, CEO. Together they will discuss “The New Sourcing Mandate: Communicate, Collaborate and Control” – a lively interactive workshop designed to deliver a strategic sourcing roadmap to industry executives.

“We are so thrilled that our show can have leading authorities, such as Laura and David, to deliver this powerful message to assist all ASAP Show attendees in making informed sourcing and merchandising decisions,” said Frank Yuan, CEO of C-Me and ASAP Show.

“When the NRF asked us to deliver a message to their members regarding our service, I couldn’t have picked a more perfect venue than the ASAP Show. They are the world’s largest apparel sourcing show, bringing hundreds of overseas factories to meet with our clients – the U.S. buyers and retailers,” said McCann.

The Zweave/NRF seminar will convene on Monday, August 25, 2003 from 11:00 a.m. – 1:00 p.m. at the Las Vegas Hilton Convention Center, Ballrooms D & E. Attendance is free to all persons who register online at the following link: http://www.asapshow.com/attform.asp.

Zweave is the leading provider of Collaborative Product Lifecycle Management strategies and solutions for the Fashion Industry. Zweave’s solutions benefit retailers and manufacturers by improving their ability to bring innovative products to market in advance of their competitors through utilization of strategies that collaborate with the clients’ strategic business goals. The workshop is designed to bridge the gap between strategy and tangible results by providing practical implementation advice.

Laura McCann, Founder and President of Zweave, has 15 years of design, product development, and sourcing experience. She was founder and CEO of IPO and IPO Asia – shipping to clients such as Lerners, Ashley Stewart, The Avenue, Victoria’s Secret Catalogue, Cato Corp, Target, and others. David Buck, Founder and CEO of Zweave, is the Information Technology arm of the company. His past successes included developing incremental revenue sources for the following alliances of Primix Solutions, Inc (PMIX): Sun Microsystems, Netscape Communications, Apple Computer, and Microsoft.

About CYBER MERCHANTS EXCHANGE, INC. (http://www.C-Me.com)

C-Me is an international electronic trading and logistics company, creating efficiencies for retailers to source and finance international purchases. C-Me offers its patent pending Global Financial Platform allowing US buyers to purchase overseas merchandise without the need of issuing a Letter of Credit. The ASAP Global Sourcing Show, a natural extension of C-Me, is held twice a year in Las Vegas, Nevada. ASAP’s mission is to establish a premiere venue for leading international textile and apparel full package factories to conduct business under one roof with global buyers. The Company presently has 25 offices located throughout the world.

vCertain 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.