C-Me Announces Jordan & USA Free-Trade Agreement Seminar During Its ASAP Show Aug. 27, 2002.Business Editors ASAP (chat) asap - As soon as possible. Global Sourcing Show 2002 PASADENA, Calif.--(BUSINESS WIRE)--Aug. 13, 2002 ASAP Global Sourcing Show, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cyber Merchants Exchange ("C-Me") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMEE), an international B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Electronic trading company, today announced that Jordan Investment Board ("JIB") is featuring a seminar during its August ASAP Show at the Las Vegas Hilton The Las Vegas Hilton is a hotel, casino, and convention center in Las Vegas, Nevada. It is a joint venture between Colony Capital, which owns 60 percent, and New York City-based REIT Whitehall Street Real Estate Funds, which owns the remaining 40 percent. for the unique investment opportunities in Jordan. "We are thrilled that JIB has chosen to announce their 4th free-trade agreement ("FTA") signed by the United States after Israel, Mexico, and Canada," stated Frank Yuan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C-Me and ASAP. Yuan added, "ASAP global sourcing show will be the perfect venue and timing for a seminar to launch the opportunity of investment in Jordan and to learn more about Jordan and USA free-trade agreements." Mrs. Reem Badran, Director General of JIB, stated, "Today Jordan exports $300 million, a 125% increase over the year 1999, of apparel and textiles to major U.S. retail buyers including Target, Wal-Mart, JC Penney, and Kohl's, as well as brands such as: Victoria's Secret, Kenneth Cole, Calvin Klein, Donna Karan, and Liz Claiborne." Badran continued, "FTA includes provisions governing intellectual property rights, E-commerce, visas, anti-dumping, and dispute settlement mechanism." John R. Calvert, seminar consultant and President of the Network Apparel Group, stated, "The presentation will be an informative exchange of the knowledge needed to stay abreast of the many challenges and opportunities available in today's global sourcing environment. The importance of a balanced sourcing strategy can never be undermined, and certainly with NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's , the Caribbean initiatives (CBTPA), and the impact of GATT See General Agreement on Tariffs and Trade. GATT See General Agreement on Tariffs and Trade (GATT). and WTO See World Trade Organization. in 2005, the timing is right to explore the unique advantages offered by the U.S. and Jordan free-trade agreement." About The Jordan Investment Board The Jordan Investment Board (http://www.jordaninvestment.com) has been dedicated to encouraging and facilitating investment in Jordan. With the overarching goal of achieving development and modernization of the economy, the management and staff of the JIB has improved the investment environment in Jordan, and service to the foreign investor at the top of its agenda. Since its creation by the government of Jordan in 1995, the JIB has been dedicated to encouraging and facilitating investment in Jordan, with a focus towards the apparel and textile sectors. About Cyber Merchants Exchange, Inc. 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's patent pending Global Financial Platform allows U.S. retailers to purchase overseas merchandise without the need of issuing a Letter of Credit. C-Me produces the ASAP global sourcing show twice a year (http://www.asapshow.com/). ASAP Show will be held at the Las Vegas Hilton Hotel in conjunction with the world's largest apparel trade show week. The Company presently has offices located throughout Asia and Turkey. C-Me has strong strategic partnerships with CIT Commercial Services (NYSE NYSE See: New York Stock Exchange :CIT), Bank SinoPac, Rical Logistics and UPS. The Company's current retail partners include, among others: Factory 2-U Stores, Inc. (Nasdaq:FTUS), Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. (NYSE:BCF), Susie's Deals, and Bermo Enterprises. 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. |
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