New PR by CPNE 1.83 today shows their interest in applying for listing on a national exchange: Commerce Planet, Inc. Appoints Three Independent Directors to Board
Friday May 11, 8:00 am ET
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News) announced today that is has appointed three independent board members to its Board of Directors. Joining the Commerce Planet board are Mr. Christopher Cruttenden, Mr. Dominic Bohnett and Mr. James Crane. The Company also announced that Mr. David Foucar, the Company's Chief Financial Officer, has resigned as director, effective May 10, 2007, to support the Company's goal of creating a more independent Board of Directors. Mr. Foucar will continue to serve as CFO of Commerce Planet.
Following these appointments, the Board will now consist of five directors, with three of them being independent.
"We are very pleased that these respected executives are joining our board," said Michael Hill, Chief Executive Officer. "Their knowledge and experience will greatly complement our board's existing expertise as we continue to profitably grow our business. Furthermore, with the addition of our new directors, the majority of the members of the Company's Board of Directors are independent, satisfying a key requirement to apply for listing on a national exchange."
Mr. Cruttenden is currently the President and Co-Founder of NetChemistry Inc., an Internet solution and software provider for the Health and Financial Services industries, whose systems have handled billions of dollars in transactions. He has worked for such notable advertising agencies as BBDO and DGWB and his branding and marketing talents have been put to use on accounts such as Qualcomm, FileNET, and Budweiser. He has won several national awards for advertising excellence. In addition, Mr. Cruttenden has an extensive working knowledge of the corporate finance industry as a Co-Founder and director of marketing for E*OFFERING. Mr. Cruttenden holds a bachelor's degree from California Polytechnic, San Luis Obispo and attended the Portfolio Center of Advertising in Atlanta, Georgia.
Mr. Bohnett has held multiple executive positions with publicly traded companies, including STAR Telecom and Global Crossing (formally Frontier). He founded and operated StarDirect Communication and co-founded TeleSpan Communications, LLC, where he resides on the Board. Currently, he holds the position of President/CEO of TeleSpan Carrier Access, LLC, a private communications company specializing in fiber optics and VoIP services to wireless carriers and ISP's. Mr. Bohnett has extensive knowledge and experience in communications, building value in companies, back-office policy, communication procurement and forecasting industry directions. He has a bachelor Degree in Industrial Technology from California Polytechnic, San Luis Obispo, CA.
Mr. Crane serves as President of J. Crane & Company, P.C., a professional services firm he founded in 2001. Prior to founding J. Crane & Company, P.C., he worked as an external auditor and business consultant for an international public accounting firm. Mr. Crane focuses his time and efforts on emerging businesses, assisting them with SEC compliance and communication matters, accounting and accounting-related functions and debt and equity financing actions. Mr. Crane is a Certified Public Accountant and received his BS in Accountancy from Bentley College. Mr. Crane currently also serves as a director for Planetlink Communications, Inc., an SEC reporting company, and has also served as an officer or director of several private companies.
About Commerce Planet, Inc.
Commerce Planet, Inc. is an internet-based media company that 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 includes Consumer Loyalty Group, Inc., Legacy Media Inc., OS Imaging, Inc. and Interaccurate, Inc. In combination these 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. visit our website at www.commerceplanet.com.
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 the Company believes it is quickly becoming a top internet media company and expects to continue to increase its market share in this industry. This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact:
Commerce Planet
Michael Hill, 805-964-9126
or
Investor Relations:
Integrated Corporate Relations
Andrew Greenebaum/Elin Chistyakov, 310-954-1100
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Source: Commerce Planet, Inc. |
