C-Me Chairman & CEO Interviewed by Web-Based News Networks

PASADENA, CA – July 27, 2001 –Cyber Merchants Exchange, (C-Me) (OTC-BB: CMEE), an international B2B electronic trading company, today announced that the Chairman, CEO and founder of the Company, Frank Yuan, was interviewed by two web based news networks Macreporter.net and WallStreetReporter.com.

Mr. Yuan discussed that C-Me has developed as the premiere electronic trading company. “C-Me is the only fully integrated trading company to successfully transact international business on the Internet ,” said Frank Yuan, Chairman & CEO of Cyber Merchants Exchange. Yuan added, “C-Me spent the last 4 years establishing Internet trading technologies and methodologies, creating a global presence, and inventing a Global Financial Platform (patent pending) that leverages CIT Commercial Services’ credit guarantee and Bank Sinopac for their advance funds to the overseas sellers,” this transaction model successfully eliminates the need to issue a letter of credit.

Yuan said, “This is the year the Company started transacting sales. Our retail partners, and buyers such as Factory 2-U Stores, Burlington Coat Factory, Value City Department Stores, Ames Department Stores, Ross Stores and others are pleased to purchase overseas goods through our platform without issuing a letter of credit. Vendors who sold goods through C-Me use the seamless platform to increase cash flow and business.”

“In today’s bad investment environment, “ Yuan stated “investors lose their patience, they look for a company’s fundamentals: P/E ratio, positive cash flow and profits before they will invest.” Yuan emphasized that C-Me will reach bottom line profitability by the end of this year.

Listen to the interviews at www.macreporter.net and www.wallstreetreporter.com.

About WallStreetReporter.com – “WallStreet Reporter is an authentic resource for potential investors seeking investment opportunities.” According to Mr. Khandaker, a Senior Analyst for the WallStreet Reporter.  “We cover business like no one else, because we provide unprecedented access to the Who's Who of industry - the CEOs of key public and private companies.” Each day, Wall Street Reporter's Web site brings you unbiased, in-depth interviews from CEOs whose companies are in the news - or soon will be. We give you an inside perspective on these companies, so you can make more informed investment decisions. You'll learn what really makes these companies tick, what top management is like, and where the companies are going next.

About MacReport.net - an Internet information and media company designed to allow public companies the ability to communicate relevant corporate information directly with the investing community. The web site is designed to provide the reader with audio/video interview(s) with key management, updated financial information, press releases, video conferencing and other information including sales literature and company updates. The information provided will be in accordance with the recently enacted Full Disclosure (regulation FD) rules.

About Cyber Merchants Exchange, Inc. (C-Me)
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 (“ISN”) for its retail partners. A profile for each retail buyer is established, and then the ISN matches and pushes merchandise to their desktops.  C-Me’s Global Financial Platform (Patent Pending) will allow 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 (“VTS”), a vertical marketplace for vendors to display their product in an open environment accessible to any buyer around the world.  The company presently has offices located all over Asia and Turkey.  C-Me has strong strategic partnerships with CIT Commercial Services (NYSE: CIT) and Bank SinoPac. The Company’s current retail partners are: Factory 2-U Stores, Inc. (NASDAQ: FTUS), Burlington Coat Factory (NYSE: BCF), Bermo Enterprises, Sacks SFO, Susie’s Deals and L&L Wings.