ummm, yeah it does. for the types of races these bikes compete in, the old regulations included not having a bike that weighed less than 14 ounces. the new regulations state that the bikes can weigh no less than 12 ounces. the guy i bought this bike from, his new bike weighs less than 12 ounces. he has to put a water bottle on his bike to sneak it past the judging.
and to buddy who said the frame is too big for me, you're right, sort of. it's about an inch too big for me. the seat is supposed to be a lot higher but i'm not used to riding a bike like that and i have trouble mounting and dismounting like that (MTBer). so i lowered the seat. i'm not racing, i just use it to get around.