ATLANTA, Nov. 29, 2006 (PRIME NEWSWIRE) -- CommercePlanet, Inc. (OTCBB:CPNE) announced that the company is now profiled on Market-Pulse.com. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/cpneprofile.htm. CommercePlanet, Inc. operates as an Internet-based media company. Through its network of wholly owned subsidiaries, Consumer Loyalty Group, Inc., Legacy Media, Inc., OS Imaging, Inc., and Interaccurate, Inc., the company offers an internet turnkey media solution. Each subsidiary specializes in a specific niche of the online media industry. Their combined services are designed to address all the needs of their client partners including: membership loyalty programs; direct response consumer marketing; affiliate list management; email deployment, live chat services, direct phone sales & customer service and printing & fulfillment services.
The Consumer Loyalty Group offers a suite of revenue generating consumer loyalty based products. These products encompass home based business opportunities, e-commerce retail sales, educational programs, financial programs and other high yield revenue producing offers. Legacy Media is a full service marketing company. There are four operating divisions of Legacy that focus on the four main components of lead generation and order acquisition: media placement; list management; affiliate network management; and marketing tools. OS Imaging focuses on their client partner's needs from the start of their project to its finish. OS Imaging offers a full range of services including graphic design, printing services, data merge, mailing and finishing. Consumer Loyalty Group (CLG) recently announced the initial results of their international marketing campaign for www.onlinesupplier.com. The campaign was a resounding success. In the first four days of international order-taking over 500 orders were received. These orders are in addition to the growing U.S. numbers that CLG has recently experienced. The majority of these orders were generated from Canada and Australia. CLG plans to aggressively channel marketing dollars to these two countries, as well as other European and South American nations. In addition, product fulfillment is provided in a digital manner decreasing operational costs and increasing the company's bottom line numbers.
CommercePlanet is the complete extension of the original ".com" dream. They have successfully harnessed the power of the internet to track customer data and purchasing habits. The flaw of early stage internet businesses was that they focused on capturing market share without thought to monetizing that market share. CommercePlanet has managed to successfully capture and monetize consumer data to its highest level of profitability. CommercePlanet will attempt to continue to grow its revenues and profits by implementing new products and services into their already highly successful business model. There are also several competitive acquisition targets that have managed to generate either traffic or developed products and services, but have failed to merge the two concepts together to achieve profitability. CommercePlanet will look to acquire select targeted companies through organic funding and secondary financing in order to realize gross revenue levels that allow for exponential returns through economies of scale.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited to introduce CommercePlanet, Inc. to the investment community. CommercePlanet has made excellent fundamental strides over the last few months. CPNE is poised to become a significant player in the e-Commerce and business solutions industry." Bernard Schmitt also noted that, "Online shopping has established itself as a large and rapidly growing channel for consumers and merchants to buy and sell goods and services. The U.S. online buyer population, which consisted of 49 million individuals in 2000, grew to an estimated 97 million in 2003. The value of U.S. online retail sales, which was $42 billion in 2000, grew to an estimated $96 billion in 2003. Researching products online has become one of the most popular online activities after email and search. This little known company could be the next discovered gem in this industry."
CommercePlanet recently announced that its Board of Directors authorized a stock repurchase program pursuant to which up to $2,000,000.00 of its outstanding common stock may be repurchased from time to time. "The Board of Directors believes our Company's shares are undervalued in relation to other industry competitors, especially in light of our past three quarters of growth. We believe the stock repurchase program also provides the Company with a vehicle to deliver value to our existing shareholders based on the past financial performance of CommercePlanet. We strongly believe in the future of our Company and that the repurchase of shares is a sound use of our operating capital," stated Chairman/CEO, Michael Hill.
CommercePlanet also recently announced stellar third quarter financial numbers. The company reported a 113% increase in third quarter 2006 profits over the prior quarter. This is the third consecutive quarter that CommercePlanet has posted record revenues and profits. CommercePlanet posted $9,710,567 in combined revenue with profits of $3,114,361 for the quarter ending September 30, 2006 versus $1,777,307 in revenue and $(2,172,657) for the quarter ending September 30, 2005. Earnings for the quarter ending September 30, 2006 were $0.07 per weighted average share versus ($0.06) per weighted average share for the same period last year.
CommercePlanet's annual growth in revenue and profits from the prior year is nothing short of stellar. CPNE's share price as of the close of the 2006 third quarter is up over 78% in comparison with the same period last year. As of the close of Q-3, 2006 the company has accumulated cash and cash equivalents of $2,959,687 after all outstanding investor debt has been completely repaid. Relative to competitors like ValueClick and 24/7 Media, CPNE believes they are substantially undervalued. The company is pleased with its past performance and believes the company's growth and profitability will continue into the future.
About CommercePlanet
CommercePlanet, Inc. is a publicly traded, internet-based media company. The Company offers online media products, lead generation services and direct marketing tools to its client partners. CommercePlanet offers an internet turnkey media solution through its network of wholly owned subsidiaries, which include Consumer Loyalty Group, Inc., Legacy Media Inc., OS Imaging, Inc. and Interaccurate, Inc.
Each subsidiary of CommercePlanet specializes in a specific niche of the online media industry. Their combined services are designed to address the needs of client partners, including membership loyalty programs, direct response consumer marketing, affiliate list management, email deployment, live chat software-based services, direct phone sales and customer service, and printing services.
To find out more about CommercePlanet, Inc., visit their website at www.commerceplanet.com.
About Market Pulse
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