CPNE 1.44 close w/news: Commerce Planet, Inc. Announces New Strategic Focus on Lead Generation and Data Acquisition
Friday June 1, 8:30 am ET
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News) announced today that is has refined its business strategy to transition into a true media company with an increased focus on lead generation and data acquisition. Equipped with its scalable Web 2.0 technology and strong intellectual property, Commerce Plant provides a one-stop portal for high quality lead generation business solutions.
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The Company has acquired and plans to continue to acquire niche specific web properties that create highly targeted leads. Currently, Commerce Planet provides services in finance, debt, education, healthcare and other industries. Simultaneously, the Company will continue to invest in its technology platform that enables it to better control web traffic, collect and analyze data, as well as profile data to matched content.
"The primary part of our business strategy is delivering customer value and satisfaction, which in turn we monetize and thereby create shareholder value," said Michael Hill, Commerce Planet's Chief Executive Officer. "We believe these enhanced and focused strategic initiatives will allow us to better monetize highly targeted web traffic, improve our customer's experience and leverage our subsidiaries' media capabilities. As a result of these initiatives, we will be able to offer B2B customers improved comprehensive marketing services, and drive increased sales and expanded margins. We remain committed to listening to our clients, and providing web-based solutions that best serve their needs."
Commerce Planet commenced its first marketing operations in 2004 with the acquisition of OnlineSupplier.com, an online membership club that offers a comprehensive line of products and services at wholesale prices through a membership program. Since then, the Company has developed ancillary services and acquired several businesses to create a full service media and internet marketing company.
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:
Investor Relations:
Integrated Corporate Relations
Andrew Greenebaum/Elin Chistyakov, 310-954-1100
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Source: Commerce Planet, Inc.
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