C-ME.com - News Release

PASADENA, CA – November 27, 2001 –Cyber Merchants Exchange, (“C-Me”) (OTCBB: CMEE), announced the launch of it’s new trade show, Apparel Sourcing Association Pavilion (“ASAP”), to be held Feb. 18-21, 2002 at The Mirage in Las Vegas. ASAP is an international textile and garment manufacturing sourcing trade show that brings leading manufacturers from around the world to one venue to greet, meet and sell to buyers. The show will take place in the Mirage’s Hotel and Casino in conjunction with the largest apparel convention week in the world.

“ASAP is a natural extension of C-Me’s core business of on-line apparel transactions,” stated Frank S. Yuan, Chairman and CEO of C-Me. “The Company transacts business online with hundreds of the world leading manufacturers and now is the time to bring them together under one roof for the benefit of U.S. and foreign buyers.”

“The ASAP show invites global exhibitors and attendees to an elegant and professional location at The Mirage,” stated Yoram Dahan, President of ASAP. “Typical U.S“ trade shows focus on fashion while foreign trade organizations produce sourcing trade shows in their countries inviting U.S. buyers to travel abroad. ASAP is the first and only trade show that brings leading factories from free trade zones and most favored nation countries to the U.S.”, stated Mr. Dahan. “Overseas manufacturers understand the new reality of conducting business in today’s changing market particularly following the World Trade Center tragedy. Buyers want to conduct business close to home – ASAP is the solution.”

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 for its retail partners. C-Me’s patent pending Global Financial Platform allows 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, 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 throughout Asia and Turkey. C-Me has strong strategic partnerships with CIT Commercial Services (NYSE: CIT), Bank SinoPac, Rical Logistics and Fritz Companies. The Company’s current retail partners include among others: Factory 2-U Stores, Inc. (NASDAQ: FTUS), Burlington Coat Factory (NYSE: BCF).

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.