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NEWS RELEASE |
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C-ME.com FILES FOR NASDAQ LISTING PASADENA, CA - July 20, 2000 -Cyber Merchants Exchange, d.b.a. C-ME.com (OTC-BB: CMEE), announced it has applied to The NASDAQ Stock Market, Inc., for inclusion of its common stock on The NASDAQ Small Cap Market. C-ME.com is an innovative, web-based business-to-business service provider that connects retailers with manufacturers to provide rapid access to the world's products. Frank Yuan, the Chairman and CEO of Cyber Merchants Exchange, Inc., described why the NASDAQ application represents a significant milestone for C-Me.com in its business development. "Applying for a NASDAQ listing has always been one of our important corporate objectives. A NASDAQ listing can help to provide global exposure for a company among investors that can improve liquidity for the stock. Likewise, upon approval, the listing will signal to the investment community that C-ME.com will have passed stringent listing criteria and is ready to be considered for inclusion into the most dynamic exchange for growth companies." The mission of CYBER MERCHANTS EXCHANGE, INC. d.b.a. C-ME.com (http://www.C-ME.com) is to use its proprietary web-based software to create a global business-to-business e-commerce solution that streamlines the way retailers locate viable merchandise sources. C-ME.com's current retail partners include Factory 2-U Stores (NASDAQ: FTUS) and Burlington Coat Factory (NYSE: BCF). The company also provides vendors with custom web design, web hosting, and the Virtual Trade Show ™ ("VTS"), a vertical marketplace for vendors to display their product in an open environment. The company is also forming joint ventures in the Pacific Rim to facilitate direct international merchandise sourcing for its U.S. retail partners. 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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