================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                          -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                 Date of Report:


                        (Date of earliest event reported)

                                October 24, 2005

                          ----------------------------

                         CYBER MERCHANTS EXCHANGE, INC.
               (Exact name of registrant as specified in charter)


                                   California
         (State or other Jurisdiction of Incorporation or Organization)


         001-15643                                          95-4597370
 (Commission File Number)                      (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
              (Address of Principal Executive Offices and zip code)

                                 (772) 231-7544
              (Registrant's telephone number, including area code)


                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)

================================================================================
<PAGE>

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information included in this Form 8-K may contain forward-looking
statements within the meaning of Section 27A of the Securities Act and Section
21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This information may involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by any forward-looking statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations, are generally identifiable by use of
the words "may," "will," "should," "expect," "anticipate," "estimate,"
"believe," "intend" or "project" or the negative of these words or other
variations on these words or comparable terminology. These forward-looking
statements are based on assumptions that may be incorrect, and there can be no
assurance that these projections included in these forward-looking statements
will come to pass. The Company's actual results could differ materially from
those expressed or implied by the forward-looking statements as a result of
various factors. Except as required by applicable laws, the Company undertakes
no obligation to update publicly any forward-looking statements for any reason,
even if new information becomes available or other events occur in the future.

Item 3.02  Unregistered Sales of Equity Securities

         On October 24, 2005, Cyber Merchants Exchange, Inc. (the "Company")
issued 500,000 shares of its common stock ("Common Stock") to KI Equity Partners
II, LLC ("KI Equity") for a purchase price of $25,000, or $0.05 per share. The
proceeds from the purchase price with be used for working capital to pay
expenses to maintain the reporting status of the Company.

         The above shares of Common Stock were issued under an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended
("Securities Act"). As such, the shares of Common Stock issued to KI Equity will
be restricted shares, and the holder thereof may not sell, transfer or otherwise
dispose of such shares without registration under the Securities Act or an
exemption therefrom. The Company has agreed to grant "piggyback" registration
rights to KI Equity with respect to the above shares.

         Immediately following the above stock issuances, the Company had
10,119,040 shares of Common Stock outstanding. KI Equity owns a total of
8,604,160 shares of the Company's Common Stock immediately after the above stock
issuances.

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Cyber Merchants Exchange, Inc. has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                         CYBER MERCHANTS EXCHANGE , INC.



Date:  October 25, 2005                  By:  /s/ Kevin R. Keating
                                              --------------------
                                              Kevin R. Keating, President and
                                              Sole Director
{"company-data": {"conformed-name": "CYBER MERCHANTS EXCHANGE INC", "cik": "0001066961", "assigned-sic": "7389", "irs-number": "954597370", "state-of-incorporation": "CA", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15643", "film-number": "051153536"}, "business-address": {"street1": "600 S LAKE AVE", "street2": "STE 405", "city": "PASADENA", "state": "CA", "zip": "91106", "phone": "6267935000"}, "former-company": {"former-conformed-name": "WORLD WIDE MAGIC NET INC", "date-changed": "19980727"}}
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                          -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                 Date of Report:

                        (Date of earliest event reported)

                                October 24, 2005

                          ----------------------------

                         CYBER MERCHANTS EXCHANGE, INC.
               (Exact name of registrant as specified in charter)

                                   California
         (State or other Jurisdiction of Incorporation or Organization)

         001-15643                                          95-4597370
 (Commission File Number)                      (IRS Employer Identification No.)

                       936A Beachland Boulevard, Suite 13
                              Vero Beach, FL 32963
              (Address of Principal Executive Offices and zip code)

                                 (772) 231-7544
              (Registrant's telephone number, including area code)

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)

================================================================================
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

         Information included in this Form 8-K may contain forward-looking
statements within the meaning of Section 27A of the Securities Act and Section
21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").
This information may involve known and unknown risks, uncertainties and other
factors which may cause the Company's actual results, performance or
achievements to be materially different from future results, performance or
achievements expressed or implied by any forward-looking statements.
Forward-looking statements, which involve assumptions and describe the Company's
future plans, strategies and expectations, are generally identifiable by use of
the words "may," "will," "should," "expect," "anticipate," "estimate,"
"believe," "intend" or "project" or the negative of these words or other
variations on these words or comparable terminology. These forward-looking
statements are based on assumptions that may be incorrect, and there can be no
assurance that these projections included in these forward-looking statements
will come to pass. The Company's actual results could differ materially from
those expressed or implied by the forward-looking statements as a result of
various factors. Except as required by applicable laws, the Company undertakes
no obligation to update publicly any forward-looking statements for any reason,
even if new information becomes available or other events occur in the future.

Item 3.02  Unregistered Sales of Equity Securities

         On October 24, 2005, Cyber Merchants Exchange, Inc. (the "Company")
issued 500,000 shares of its common stock ("Common Stock") to KI Equity Partners
II, LLC ("KI Equity") for a purchase price of $25,000, or $0.05 per share. The
proceeds from the purchase price with be used for working capital to pay
expenses to maintain the reporting status of the Company.

         The above shares of Common Stock were issued under an exemption from
registration under Section 4(2) of the Securities Act of 1933, as amended
("Securities Act"). As such, the shares of Common Stock issued to KI Equity will
be restricted shares, and the holder thereof may not sell, transfer or otherwise
dispose of such shares without registration under the Securities Act or an
exemption therefrom. The Company has agreed to grant "piggyback" registration
rights to KI Equity with respect to the above shares.

         Immediately following the above stock issuances, the Company had
10,119,040 shares of Common Stock outstanding. KI Equity owns a total of
8,604,160 shares of the Company's Common Stock immediately after the above stock
issuances.
SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Cyber Merchants Exchange, Inc. has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                         CYBER MERCHANTS EXCHANGE , INC.

Date:  October 25, 2005                  By:  /s/ Kevin R. Keating
                                              --------------------
                                              Kevin R. Keating, President and
                                              Sole Director