January 9th, 2008
CPNE Closed Up Over 34% Today with Very Strong Volume – More than Twice its Three Month Average
I am impressed any time a business has a healthy cash flow from existing operations and that’s what CPNE has. Not to mention a state of the art call center.
I think that is always a great start for a company. The movement in this stock today indicates that I am not the only one that sees it this way! This is a turn around story that is making a whole lot of sense.
CPNE has strong new management and the projected growth in online retail sales has been the foundation for their new online direction. Online retail sales are expected to double in the next five years to $350 Billion USD .
I think CPNE is going in the one hundred percent right direction. Obviously, small businesses will be looking to capitalize on this online retail sales growth and they will need a provider for online sales. CPNE is laying the groundwork to be just that provider.
I think building CPNE’s online media marketing and ecommerce position makes good, good business sense.
CPNE is keeping what works and adding what is needed in the ecommerce retail sales area.
We’ve already heard about the 2007 Outlook
The Company expects fourth quarter revenue in the range of $3.8 million to $4.0 million.
For the fiscal year ending December 31, 2007, Commerce Planet expects revenue in the range of $32.5 million to $33.5 million, representing growth of between 18% and 22% over fiscal 2006.
These expectations are based on preliminary financial data and are subject to the final closing of our books and records for the fiscal year.
We know the 2008 Outlook will factor in the rolling out of Iventa for ecommerce sales to small businesses. This looks like a solid step in the right direction and the diversion of revenue to sales is just like money in the bank … it’s there working to build a strong future and foundation for CPNE. Based on this stock’s trend this is the consensus.
Fiscal year 2008 revenue is expected to be in the range of $24 million to $28 million, for a decrease of 16% to 26% compared to 2007.
The lower revenue forecast is primarily due to the diversification of sales and marketing efforts and the lead-time necessary for launching the Iventa E-Commerce Dashboard.
CPNE’s recent conference call was also a webcast which was live via the company’s website at www.commerceplanet.com ,
SOURCE Commerce Planet, Inc., SEC Filings
Commerce Planet, Inc.
30 S. La Patera Lane
Suite 7
Goleta, CA 93117
Phone: 805-964-9126
Website: http://www.commerceplanet.com
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.
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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