Market Pulse Breaking News Alert for Monday, Nov. 20, 2006: CPNE - Commerce Planet's Legacy Media Announces Record Revenue and Surge in Lead Growth to Over 160,000 Leads!
Market Wire, November, 2006
Market Pulse News Alert for this AM, Stocks to Watch are: Commerce Planet, Inc. (OTCBB: CPNE), Conor Medsystems Inc. (NASDAQ: CONR), Nymex Holdings Inc. (NYSE: NMX) and Oracle Corp. (NASDAQ: ORCL).
Investors need to be watching Commerce Planet, Inc. (OTCBB: CPNE) this AM! Commerce Planet operates as an Internet-based media company. Through its network of wholly owned subsidiaries, Consumer Loyalty Group, Inc., Legacy Media, Inc. and OS Imaging, Inc., the company offers a turnkey media solution that consists of online media products, lead generation services and marketing tools for its client partners. Each subsidiary specializes in a specific niche of the online media industry. The Consumer Loyalty Group offers a suite of revenue generating consumer loyalty based products. These products encompass home based business opportunities, e-commerce retail sales, educational programs, financial programs and other high yield revenue producing offers. Legacy Media is a full service marketing company. There are four operating divisions of Legacy that focus on the four main components of lead generation and order acquisition: media placement; list management; affiliate network management; and marketing tools. OS Imaging focuses on their client partner's needs from the start of their project to its finish. OS Imaging offers a full range of services including graphic design, printing services, data merge, mailing and finishing. Consumer Loyalty Group (CLG) recently announced the initial results of their international marketing campaign for www.onlinesupplier.com . The campaign was a resounding success. In the first four days of international order-taking over 500 orders were received. These orders are in addition to the growing U.S. numbers that CLG has recently experienced. The majority of these orders were generated from Canada and Australia. CLG plans to aggressively channel marketing dollars to these two countries, as well as other European and South American nations. In addition, product fulfillment is provided in a digital manner decreasing operational costs and increasing the company's bottom line numbers. Commerce Planet is the complete extension of the original ".com" dream. Commerce Planet posted record revenue and net income in the second quarter and their profits surged to 1.4 million. Revenues are derived from four primary sources; membership revenue, upsell revenue, lead revenue and other revenue.
Commerce Planet is poised to become a significant player in the e-commerce and business solutions industry. CPNE just had excellent news out in a press release late during Friday's trading announcing preliminary results indicate revenue increased, on a combined basis from approximately $450,000 in September 2006 to over $700,000 in October 2006! This could be great news for investors!
Commerce Planet, Inc. (OTCBB: CPNE) subsidiary Legacy Media, Inc. today announced preliminary October results.
Preliminary results indicate revenue increased, on a combined basis from approximately $450,000 in September 2006 to over $700,000 in October 2006. Combined revenue consists of all revenue sources from both related and unrelated parties. Leads produced through www.legacynetwork.com and Legacy's distribution channels increased from 108,000 in September 2006 to 167,000 in October 2006.
Legacy Media, Inc. President Aaron Gravitz stated: "Our revenue results for September and October 2006 grew beyond our expectations. In four short months of existence, we are excited about the traction that Legacy has gained. Month over month, from September 2006 to October 2006, we experienced an increase of over 50% in revenue and lead growth. We believe that we are quickly becoming a top internet media company and we expect to continue to increase our market share in this fast growing industry."
Commerce Planet, Inc. CEO Michael Hill added: "I am proud to release this news to our shareholders. We believe that our commitment to excellence in e-commerce solutions is providing the groundwork for strong growth at Legacy Media." According to The Census Bureau of the Department of Commerce, total U.S. e-commerce sales for 2005 were estimated at $86.3 billion, an increase of 24.6 percent from 2004. SG Cowen has publicly published reports expecting U.S. e-commerce retail sales to continue to grow at a five-year rate of 16% to $184 billion in 2010.
About Commerce Planet
Commerce Planet, Inc. is a full service online commerce and business solutions company. Through its websites onlinesupplier.com, buydiscount.com and mysoftwaretutor.com, and its subsidiaries OS Imaging, Consumer Loyalty Group and Legacy Media, Commerce Planet provides e-commerce, business and media solutions, and loyalty club memberships.
To find out more about Commerce Planet, Inc. (OTCBB: CPNE), visit their websites at www.commerceplanet.com , www.legacymedia.com , www.osimaging.com .
Stocks in the news and acting well as of late include: Conor Medsystems Inc. (NASDAQ: CONR), Nymex Holdings Inc. (NYSE: NMX) and Oracle Corp. (NASDAQ: ORCL).
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