Commerce Planet's Consumer Loyalty Group Sets New Record for Monthly Memberships; Third Consecutive Month of Order Growth
6 January 2007
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) announced today that its subsidiary, Consumer Loyalty Group, enrolled an all-time monthly record of 71,971 paid memberships for December, 2006. This represented an astounding 50% month-over-month increase in paid memberships from November.
Commerce Planet CEO Michael Hill stated, "Our surge in record order volume continued for the third consecutive month. It is clear that we are continuing to reach and exceed our performance expectations. We attribute our dramatic growth to our expansion into International markets, the launch of our new products, our Costa Rican call center and continued growth of Onlinesupplier.com. I am excited to report the results of this surge in order volume as it translates into increased top and bottom line revenue."
Commerce Planet anticipates filing its Annual 10-KSB earnings report in the later part of February.
About Commerce Planet, Inc.
Commerce Planet, Inc. (OTC Bulletin Board: CPNE) 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. Commerce Planet 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 Commerce Planet 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 Commerce Planet, Inc. (OTC Bulletin Board: CPNE), visit our website at http://www.commerceplanet.com. The Company's public financial information and filings can be viewed at http://www.sec.gov.
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release, including statements as to management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements include that Commerce Planet believes its shares are undervalued in relation to other industry competitors, especially in light of its past three quarters of growth, the stock repurchase program provides a vehicle to deliver value to its existing shareholders, including the maximum amounts that may be purchased under the program, and the repurchase of shares is a sound use of operating capital. These statements are based on management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to certain risks, uncertainties and other factors, some of which are beyond Commerce Planet's control and are difficult to predict, including, but not limited to, changes in the market price of Commerce Planet's common stock, legal and regulatory, and changes in Commerce Planet's financial results, financial condition and cash requirements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Commerce Planet, Inc. undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Various factors could cause actual results to differ materially, such as the risk factors listed from time to time in Commerce Planet's filings with the Securities and Exchange Commission ("SEC"), including Forms 10-KSB and 10-QSB.
Source: prnewswire
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