USA: Retex Selects C-ME.com to Provide Members Retail Merchandise Sourcing Direct At the Desktop
Retex, the nation's largest retail technology buying consortium, representing more than 2,100 retail members, has selected Cyber Merchants Exchange, d.b.a. C-ME.com (OTCBB:CMEE), as its exclusive provider of choice for retail merchandise sourcing. Through an innovative Internet Sourcing Network (ISN), C-ME.com will connect retailers with manufacturers to provide rapid access to the world's products. According to Umberto Gallo, president and chief operating officer of Retex: "To remain competitive, our members are searching for new and innovative products from manufacturers around the globe. C-ME.com provides an extremely cost-effective and efficient Internet solution to connect our retailers with an unlimited number of manufacturers, customizing the network to meet the specific needs of the retailer." "It's a win-win situation for both the member and the manufacturer," he added. "The Retex member incurs no expense to receive this service and the manufacturer will showcase its products to specific and targeted buyers." C-ME.com's Web-based ISN consists of customized private extranets that connect retail buyers with their vendors using the Internet, without legacy system integration. C-ME.com builds and maintains each extranet according to each retailer's specific requirements, at no cost to the retailer. A demonstration of the ISN is available at
May 15, 2000