Commerce Planet Cooperates with FTC

Business Wire, March 17, 2008

GOLETA, Calif. -- Commerce Planet, Inc. (OTCBB:CPNE) today said that it received a Notice of Civil Investigative Demand ("Notice") on March 7, 2008, from the United States Federal Trade Commission (the "FTC") for the production of documentation and a request for responses to written interrogatories.

The Notice requests information relating to the use of e-mails, metatags, computer code or programs or unfair trade practices involving Internet-related goods or services since 2004. The Company does not believe that its prior activities violated the Federal Trade Commissions Act and it intends to fully cooperate.

"We believe in maintaining a level of high integrity throughout the online marketplace," stated Tony Roth, Chief Executive Officer of Commerce Planet. "Over the last year we had been transitioning our business model towards a Software-as-a-Service ("SaaS") fully-integrated e-commerce provider. The acquisition of Iventa in October 2007 and the launch of our new Dashboard System[TM] marks the first milestone in this multi-phase transition process. Nonetheless we have been and plan to continue our cooperation with the FTC and make adequate provisions for the process."

About Commerce Planet, Inc.

Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce company that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through its network of online marketing & media division, membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard[TM] System by Iventa. In combination these services address the needs of small - medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB: CPNE), visit our website at http://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. 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.