FOR IMMEDIATE RELEASE

C-Me Has Profitable Third Quarter

Press Release Source: Cyber Merchants Exchange
Thursday November 20, 7:04 pm ET
Attributes Gains to Success of ASAP Show

EL MONTE, Calif.--(BUSINESS WIRE)--Nov. 20, 2003--Citing a persistent and unique global trade model, Cyber Merchants Exchange ("C-Me") (OTCBB:CMEE - News) announced today its first profitable quarter in the company's seven-year history.

"We are extremely pleased with today's results," said Frank Yuan, Chairman and CEO of C-Me. "As the only international business-to-business trading company, we have successfully developed a special industry niche for overseas apparel manufacturers and U.S. buyers. We will continue to work at meeting U.S. buyers' growing demands for international manufacturing and trade while at the same time keeping our cost efficiencies sharply in line."

For the three-month period ending September 30, C-Me posted gross sales of approximately $1.8 million, with a net profit of approximately $250,000 or $0.03 profit per share. The last August ASAP Show reported a gross revenue of slightly over $1 million, which is an increase of 157 percent compared to the last ASAP Show.

C-Me/ASAP Global Sourcing Show has become an industry authority for global sourcing. ASAP -- the brainchild of Frank Yuan -- was the first show ever in the U.S. to bring over 250 leading manufacturers from more than 35 top producing countries under one roof. Apparel buyers who place container load orders now do not need to travel around the world to find a suitable manufacturer for their wholesale needs. ASAP also provides invaluable seminars to teach attendees and exhibitors about up-to-date global trade regulations, compliance laws, and other pertinent issues.

C-Me's patent-pending Global Financial Platform (GFP), leveraged with CIT Group (NYSE:CIT - News), allows for U.S. buyers to purchase overseas goods without the need for letters of credit. This new way of doing international business will truly change the traditional way of international purchasing. With ASAP, educational seminars, and the GFP, C-Me is truly the authority in global sourcing.

The February 22-25, 2004, ASAP Show at the Las Vegas Hilton will have more than 350 manufacturers exhibiting from over 50 countries.

About CIT (www.cit.com)

CIT Group Inc. (NYSE:CIT), is a leading commercial and consumer finance company providing clients with financing and leasing products and advisory services. Founded in 1908, CIT has nearly $50 billion in assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of customers in a broad range of industries. CIT holds leading positions in vendor financing, factoring, commercial and corporate aircraft financing, rail car and locomotive financing, construction financing, Small Business Administration loans, and asset-based and credit-secured lending.

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 U.S. 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 premier 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.

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 partners, 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.