Hey Bill, added some CPNE Friday + 1.87 today after reading this very positive news on it from Thursday: Commerce Planet, Inc. Provides Preliminary First Quarter 2007 Financial Results
Thursday April 12, 6:38 pm ET
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News), an online media company, and its wholly owned subsidiaries today reported preliminary operating income and revenues for the first quarter of 2007, ended March 31, 2007.
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The company expects operating income, including non-cash items of $0.5 million, to be $4.1 million for the first quarter of 2007, up approximately 650% from operating income of $0.5 million for the same period in 2006. Consolidated revenue is expected to be approximately $13.0 million for the first quarter of 2007, an increase of 230% compared with $3.9 million for the same period in 2006. These financial results are based on preliminary financial data and are subject to the final closing of the Company's books and records.
Michael Hill, CEO of Commerce Planet, stated, "This quarter we saw the positive impact of the infrastructure build out over recent quarters and the solid execution of our corporate strategy. Our cash operating income, excluding the non-cash expenses of $.05 million, equates to $4.6 million for the quarter. Looking ahead, we believe we have put the building blocks in place for continued growth as we expect to benefit from organic growth as well as from expansion opportunities, which we continuously explore as part of our long-term growth strategy."
About Commerce Planet, Inc. (www.commerceplanet.com)
Commerce Planet, Inc. (OTCBB:CPNE - News) 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 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.
Safe Harbor
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. This release contains forward-looking statements, including, without limitation: (1) all statements which provide earnings guidance; (2) statements that management believes the company is continuing to see the impact of the infrastructure built in prior periods and the execution of our corporate strategy, that the company's strong performance will continue as it executes organically and seeks opportunities for inorganic expansion, or that the company has put the building blocks in place for future long term growth. and (3) any other 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, Chief Executive Officer
805-964-9126 ext. 3134
or
Investor Relations:
ICR, Inc.
Ina McGuinness/Andrew Greenebaum, 310-954-1100
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Source: Commerce Planet, Inc.
I've done well with this stock many times and here's another shot at it though paid way too much Friday for all those shares...carp! Best of luck today and on PECB too!!! I mentioned it for you on a couple of IHUB sites...tuna |
