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Former
Factory 2-U Stores, EVP & GMM,
Mary McNabb Joins Board of Directors
PASADENA, CA
-October 26, 2001 - Cyber Merchants Exchange, (C-Me) (OTC-BB: CMEE)는
Marry MaNabb을 C-Me 이사회에 합류하였다. 그녀는 연간 미화$600 million의 수입을 올리는 Factory
2-U Stores의 부사장이자 제네럴 마켓팅 매니저로 활약한바 있다. 지난 11년간 그녀는 C-Me의 ISN과 C-Me에서
제공되는 국제통용 L/C를 제거한 Global Financial Platform을 통해 그녀의 마켓팅 전략을 구축해 나아갔다.
또한 과거 18년 동안 그녀는 One Price Stores, Yellow Front Stores and J.W. Robinson에서
중요한 판매경험을 쌓아왔다.
밯e뭨e very excited and
honored to welcome Mary to our board of directors,� said Frank Yuan, Chairman
and CEO of Cyber Merchants Exchange. 밐er
valuable combination of merchandising knowledge; retail management, industry
contacts and market experience will add an important dimension to the success of
the Company.�
McNabb added, 밒'm excited
about joining C-Me, largely because of my positive experience in working with
them as a retail partner. C-Me offers tremendous value to retailers that could
benefit from an import program but don't have the internal infrastructure
necessary to support it. The
combination of C-Me's ISN, their global network of offices and manufacturers,
the innovative financial platform capabilities and a dedicated management team
leads me to believe C-Me will quickly become the leading B2B electronic trading
company.�
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 (밒SN�) for its retail partners.
A profile for retail buyers is established, and then the ISN matches
and pushes merchandise to their desktops.
C-Me뭩 Global Financial Platform (Patent
Pending)
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 (밮TS�),
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 Company뭩 current retail partners are:
Factory 2-U Stores, Inc. (NASDAQ: FTUS), Burlington Coat Factory (NYSE:
BCF), Bermo Enterprises, Sacks SFO, Susie뭩 Deals and L&L Wings.
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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