Stock Guru Profile CPNE
Commerce Planet, Inc. has three primary revenue streams: membership fees earned from web hosting and other web-based services provided to CPNE’s customers, upsale of services provided by affiliated service providers, and revenue generated from sale of our customer information or by sharing the revenues generated from contacting CPNE’s customer with third parties. Other sources of revenue include advertising income, commissions earned from referrals to affiliated credit card processing service providers and lastly, product sales from the Company’s online store.
The Consumer Loyalty Group segment of CPNE’s business displayed the most significant income in the third quarter ending September 30, 2006, with a whopping $6.7M in revenue matched with $2.4M in expenses and $845,000 in cost of good sold. This amazing revenue generating segment of the business turned in a net income of $3.3M.
And with CPNE’s record of 3,466 paid memberships for December 6th, 2006, together with the week of December 4th setting a new all-time weekly record for membership signups of 19,600 this company indicate that is headed in one direction: UP.
CONSUMER LOYALTY GROUP, INC.
Consumer Loyalty Group provides “how to” programs that help customers to establish home based business opportunities. Consumer Loyalty Group’s suite of products includes the following programs:
- A real estate investment program that instructs consumers how to purchase, manage and sell real property. This program also provides its customers with access to thousands of distressed property listings.
- An online supplier program that informs consumers how to establish a home based e-commerce business. The program includes instruction on how to set up an e-commerce website and run a successful e-commerce business, including access to a domain name registration system, a credit card merchant processing account and marketing support. This program also provides the customer with access to over 30,000 brand name electronics at wholesale prices for product resale as part of their e-commerce business.
- A software tutoring program provides customers with instruction on how to use basic software programs including Microsoft Word, Excel, Power Point and other commonly used programs.
- A health program that provides users with discounted access to a network of over 500,000 physicians, healthcare facilities and pharmacies. The program coverage includes savings for health, vision and dental services.
- Consumer Loyalty Group’s products also include packages that provide customers with access to additional business advice and coaching services.
SOURCE Commerce Planet, Inc., PR Newswire, and SEC Filings
Michael Hill, Chairman of Commerce Planet, Inc., +1-805-964-9126, ext. 3134
30 S. La Patera Lane
Suite 7
Goleta, CA 93117
Website: http://www.commerceplanet.com
Phone: 805-964-9126
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 www.commerceplanet.com . The Company’s public financial information and filings can be viewed at 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.
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