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Cyber Merchants Exchange 600 S. Lake Ave., Suite 405, Pasadena, CA 91106 tel: (626) 793-5000 (888) JOIN CME FAX: (626)793-5096 www.c-me.com BACK TO NEW RELEASES |
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NEWS RELEASE |
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C-ME's CEO Frank Yuan, To Be Speaker at China Conference PASADENA, CA – October 19,
2000 – Frank Yuan, CEO of Cyber
Merchants Exchange, (C-ME) (OTC-BB: CMEE) will be the keynote luncheon
speaker at a conference on October 24th entitled, “New Approaches
to China Business – Policy Developments Open Doors.”
The program is sponsored by the Fordham University Graduate School of
Business Administration and the United States of America – China Chamber of
Commerce and will take place at the Fordham University Graduate School of
Business in New York City. Mr. Yuan will be discussing
the topic, “E-Commerce: The
Future is B2B” and incorporate his experiences as the founder of C-ME, one of
the first true global B2B e-commerce solution companies.
Mr. Yuan is considered a
pioneer in opening up the markets in the Far East using web-based solutions.
He will utilize his first-hand knowledge of both the Chinese and American
business landscapes to discuss opportunities for success as well as challenges
for those who wish to participate in the B2B sector of China’s rapidly-growing
business environment. C-ME is a global B2B
e-commerce company that provides U.S. retailers with a direct merchandise
sourcing channel to the Far East. Within
the past year, C-ME has opened offices in twenty-one cities in seven countries
and has recently announced the creation of a China joint venture corporation
called Global Purchasing Dotcom, that seeks to provide retailers direct access
to hundreds of vendors in China. Plans are to open five local offices in China
in 2000 and fifteen in 2001. Commented Ernest J. Scalberg,
Dean of the Fordham University Graduate School of Business, “We are very
pleased to have Frank Yuan as our keynote speaker.
As the founder of C-ME, Frank is one of the innovators in establishing
e-commerce solutions to facilitate and advance trade between the U.S. and China
in the New Economy. Several
years ago, Frank envisioned the potential for the Internet to help retailers
make direct connections to suppliers in countries such as China, which
manufacture the majority of the world’s goods and products.
With the prospect of China being included in the World Trade
Organization, an entrepreneur like Frank is in an ideal position to identify for
others the opportunities and pitfalls of the current environment.” Speakers will include a broad
spectrum of experts from various business sectors.
These include Cheryl McQueen, the Deputy Directory of the Office of the
Chinese Economic Area at the U.S. Department of Commerce, Dr. Fan Zhang,
Professor and Director of China Business Research Project at Peking University,
David Malpass, the Chief International Economist and Senior Managing Director at
Bear Stearns and Edward Marwell, Founder and President of Curtis Instruments. A full color video
presentation with sound of Mr. Yuan’s keynote address will be available at www.c-me.com
several weeks after the conference. About Cyber
Merchants Exchange, Inc. (C-ME) C-ME (http://www.C-ME.com)
is to use its proprietary web-based software to create a global B2B e-commerce
solution that streamlines the way retailers locate finished and made-to-order
viable merchandise. C-ME’s
current retail partners include Factory 2-U Stores (NASDAQ: FTUS) and Burlington
Coat Factory (NYSE: BCF). The
company also provides vendors with the Virtual Trade Show ™ (“VTS”), a
vertical marketplace for vendors to display their product in an open
environment. The company is currently forming multiple joint ventures in the
Pacific Rim to facilitate direct international merchandise sourcing for its U.S.
retail partners. C-ME has
operations in twenty-one cities in seven countries. About The Fordham University
Graduate School of Business Administration: Fordham’s Graduate School of
Business Administration was established in 1969 and has been recognized
nationally for the quality, innovation and comprehensiveness of its programs,
which prepare graduates for global competition.
The school’s part-time MBA program is ranked 14th by U.S.
News & World Report. Founded in 1841, Fordham is
New York City’s Jesuit University. It
has residential campuses in the north Bronx and Manhattan, as well as academic
centers in Tarrytown and Armonk, N.Y. 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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