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Good volume today and up 15%
investor100, good day with CPNE - slight pickup in volume and good pickup in price. Up over 17% today.
That's good to hear! Some info on their SaaS offering:
http://iventa.com/Enterprise-Ecommerce-Solutions.aspx
Today's News is Good News!
The acquisition of Iventa just a few months back and then hiring some key managers for marketing / and sales is beginning to pay dividends with today's news.
I know in speaking with Tony Roth the PPS / PE is undervalued and he believes Iventa is going to lead the charge in 2008.
Today's news is terrific and I expect that we will see more news related to Iventa in the coming weeks/months ( IMO).
Investor 100
Seems like we may be headed back up again.
Commerce Planet Signs E-Commerce Agreement for Ironman(R) Nutritional Products
Commerce Planet, Inc. (OTCBB:CPNE) and its subsidiary Iventa, LLC, a global leader in web-enabled e-commerce management software, announced today the signing of an exclusive online marketing and e-commerce agreement with Naturally Scientific, Inc., manufacturer of Ironman® brand health and nutrition products. Naturally Scientific has granted Commerce Planet the exclusive right to operate e-commerce websites, internet sales and direct marketing for its Ironman® Nutrition product line for up to five years.
“Through the use of the Dashboard System™ to drive and support Naturally Scientific’s e-commerce, and by employing a targeted regional market plan to promote their Ironman® Nutrition line, we are able to provide Naturally Scientific with a complete e-commerce system that gives each promotional event and new product roll-out its own website and marketing campaign designed to grow its already loyal consumer base,” said Tony Roth, President and Chief Executive Officer of Commerce Planet.
Mr. Roth continued, “This is another great example of how we are using the marketing services of Commerce Planet to fully leverage the proven proprietary technology of Iventa to further expand our client relationships and our business model.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology-driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ 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.
New Century Capital Partners LLC
Tony Roth and his management team have signed on New Century Capital Partners LLC. One must agree that Tony must increase the value of PPS which thus far has been challenging however many strong steps have taken place during the first quarter of 2008 with Iventa. ( IMO)
New Century Capital Partners is a leading independent investment banking firm focused on digital media and technology. Since New Century Capital Partners' inception in 2006, the firm has completed 16 transactions, the majority of which were for public companies. New Century Capital Partners provides a broad range of investment banking services including: mergers and acquisitions, corporate and financial restructuring services and corporate finance services.
New Century Capital Partners has a proven track record of providing superior execution for its clients, including delivering premium valuations when raising capital or selling companies. The firm has strong relationships with leading financial institutions throughout the world. New Century Capital Partners' access to institutional private equity, venture capital, mutual funds and hedge funds allows it to structure highly competitive financing alternatives.
New Century Capital Partners' investment bankers have unparalleled industry and transaction experience. For example, the firm and its investment bankers have acted as the lead investment bankers (Request a company overview of NCCP) to some of the world’s leading digital media and technology companies. New Century Capital Partners' investment bankers have previously worked at the leading investment banking firms including: Bank of America, Citigroup, Deutsche Bank, DLJ, Merrill Lynch, Montgomery Securities and Robertson Stephens. The firm’s investment bankers have completed transaction sizes ranging from less than $100 million to more than $3 billion. Request a company overview of NCCP
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Commerce Planet Engages Strategic Advisor
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE) announced today that it has initiated a review of strategic alternatives to enhance shareholder value. The Company has retained New Century Capital Partners, LLC as an advisor in connection with the evaluation process. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction and it undertakes no obligation to make any further announcements regarding the exploration of strategic alternatives until the outcome of the process is completed or until there are material developments.
Tony Roth, President and Chief Executive Officer, said, "The Company's decision to explore strategic alternatives is consistent with its goal to maximize value for shareholders. During this review, we will continue to focus on utilizing our healthy balance sheet and our fully-integrated propriety platforms and services to strengthen our Iventa e-commerce businesses. Iventa has tremendous experience tailoring its Dashboard™ System to fit the needs of a variety of web retail operations for entertainment, sports and event-driven companies, and leading media enterprises. We believe Commerce Planet is poised to become the company most known for solving business needs online for both small merchants and large enterprise clients.”
investor100 - thanks for the reply and your conversation with the new CEO. Hope the SaaS model transition does the trick for them as there seem to have been questions about their current business model. Over the near term, will they continue to be profitable or are they on the verge of flipping to a double digit PE or no PE?
Thanks Sagewise.
The new CEO Tony Roth believes there is light at the end of the tunnel given many changes he has made since his designated new CEO position with CPNE.
I have spoken with him in the past several months and all the changes in the direction of the new business model and recent acquistion of Iventa plus new managers should put this company back on the right path.
This will take time given the changes and with regards to the FTC notice we will have to see how it plays out - Roth believes no foul at the moment.
“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™ marks the first milestone in this multi-phase transition process.
Thanks,
Investor 100
Commerce Planet Cooperates with FTC
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™ 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.”
investor100, I've been following CPNE for a while but don't have a position. The PE is down to 0.9. What seems to be ailing this stock? Any light at the end of the tunnel here? It may help people understand better, what the FTC investigation means, if they know of other respected companies that are going through this and perhaps this is routine and that CPNE will come through unscathed through this. GLTA
Commerce Planet - 8-K details.
On March 7, 2008, Commerce Planet, Inc. (the “Company”) received a Notice of Civil Investigative Demand (the “Notice”) from the United States Federal Trade Commission (the “FTC”) for the production of documentation and a request for responses to written interrogatories. The Notice relates to a demand for information being conducted by the FTC to determine whether the Company may have been engaged since 2004 in the improper use of e-mails, metatags, computer code or programs, or unfair trade practices involving Internet-related goods or services in potential violation of Sections 5 or 12 of the Federal Trade Commission Act, as amended.
The Company does not believe that its prior activities violated the Federal Trade Commissions Act, and believes that similar notices were sent by the FTC to other providers of online marketing and e-commerce services. The Company intends to fully cooperate with the Notice and the FTC’s investigation.
Commerce Planet's Iventa at the South by Southwest Interactive Trade Show
Iventa, a Commerce Planet Company (OTCBB:CPNE) and a global leader in web-enabled e-commerce management software, announced today that the Company is showcasing Iventa’s highly-anticipated Web 2.0 Dashboard System™ at the industry trade show South by Southwest (“SXSW”), being held March 7-16th, in Austin, Texas.
The SXSW event comprises festivals and conferences focused heavily on the entertainment and interactive industries, targeting Web technology innovators from across the globe. As a platinum sponsor of the event, Iventa’s Web 2.0 Dashboard System™ featured prominently at the festival allowing Iventa’s sales and marketing team to showcase the world-class software solutions to key constituents in the music, interactive and film industries.
“Our active participation at SXSW provides a great forum to educate and interact with the thousands of attendees from around the globe that come to learn about new advances in tools, technologies and systems,” stated Tony Roth, Chief Executive Officer of Commerce Planet. “Iventa is at the forefront of SaaS e-commerce tools and is designed to empower our customers, from small business merchants to enterprise clients, with the tools to efficiently and effectively manage their e-commerce business. The Web 2.0 Dashboard System™ is particularly well suited to the entertainment and music industry, providing artists with a premier fan management system to build a fan base through paid membership subscriptions and message boards.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
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 it’s newly acquired E-Commerce Dashboard™ 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.
More news today on cpne:
More news today:
Commerce Planet to Attend the ROTH Capital Partners 20th Annual OC Growth Stock Conference
Thursday February 14, 8:00 am ET
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News) today announced that Tony Roth, the Company’s Chief Executive Officer, and Jaime Rovelo, the Company’s Chief Financial Officer, will be attending the ROTH 20th Annual Growth Stock Conference to be held on February 18 - 21, 2008, at the Ritz Carlton, Laguna Niguel, California.
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Management is available for one-on-on meetings on February 21st and investors interested in scheduling a meeting or hearing the update directly from the executive management can contact Anne Rakunas, ICR at (310) 954-1100.
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 it’s newly acquired E-Commerce Dashboard™ 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 - News), visit our website at http://www.commerceplanet.com.
Sign up for trade alerts: http://microcappulse.com/
I got this today from microcappulse.com in an email alert I signed up for. Nice read about cpne:
TODAY'S PICK - CPNE
As of today, the Company has repurchased a total of 4,336,000 shares of its Common Stock!
"The stock repurchase reflects the Board's confidence in Commerce Planet's market opportunity and strategy, and what the Board continues to believe to be the undervaluation of the Company's stock at current levels," said Tony Roth, CEO of Commerce Planet. "We believe in the value proposition of our products and services, and we consider our stock to be a strong investment opportunity and a good use of our cash resources . . ."
www.commerceplanet.com
Iventa Recruits IT Executive as Vice President of Technology
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE) today announced that Rory Roybal has joined Iventa, a Commerce Planet Company, as the Vice President of Technology.
“We are very fortunate to have such a qualified industry veteran join our management team at Iventa,” stated Tony Roth, Chief Executive Officer. “Rory Roybal is a seasoned, highly innovative executive with over 28 years of experience and 18 years at the VP/Director level. He has expertise in Engineering, General Management and Product Development with responsibility for global e-commerce, complex projects in software, mobile-telecom, enterprise systems, networking and online business solutions.”
Rory most recently served as the Senior Director, Engineering for Salesforce.com, a worldwide leader in on-demand customer relationship management services, where he was responsible for Mobile Engineering, including Client-Server Architecture, IT Operations, Software development, QA, Technical Writing, and Program Management.
Mr. Roybal will be overseeing the Iventa Dashboard™ product line development and inter-company integrations related to building business tools, services and enhanced e-commerce solutions. "I am excited to join Iventa, Commerce Planet as it is truly a dynamic e-commerce provider," said Rory Roybal. "The platform Commerce Planet has created provides custom solutions for enterprise e-commerce clients and I believe my expertise will help the Company roll out its small to medium size business offerings and realize its growth potential."
But if we look at the period of 1 year, eg. We can only see the chart moving down. I am looking at a longer period, microcap investor.
Not sure what you mean? Straight down? It recently went stright up at about 0.09.
The company's executives do not seem to be doing a great work...the stock goes straight down...that's not good at all...I don't like it at all...
Value Direct Acquisition Sets Stage for High Growth
Commerce Planet, Inc. - (OTCBB:CPNE) today announced that the Company has acquired Value Direct and has entered into agreements with key employees as new members of the Commerce Planet management team. The acquisition, funded from available working capital, will provide further diversification in 2008.
Value Direct was formed in 2005 and operated as a direct-to-consumer services company, marketing product and pricing information in the real estate housing and the pre-owned automobile markets. Commerce Planet CEO, Tony Roth, stated, “By leveraging the Commerce Planet online marketing and media division, scalable sales and customer care tele-center, and e-commerce technologies, we expect to integrate Value Direct during the first quarter of 2008.” Mr. Roth continued, “We expect to build a $10+ million business within the first two years from the core $2.5 million current run-rate with meaningful profit contribution in the first year.”
The Company’s member acquisition system offers a one-time or recurring monthly fee for consumer-driven benefits memberships and corporate partner programs. Value Direct aggregates, markets and delivers objective product and pricing information and savings opportunities directly to its members.
“This information is often difficult to find, access and decipher by the public market and maintains a resilient market value in such categories as housing foreclosure listings or the pre-owned auto market,” stated David Tobias, CEO of Value Direct, Inc. and newly engaged Vice President of Operations for Commerce Planet. Prior to founding and operating Value Direct, Mr. Tobias served as Vice President of eCommerce for Irwin Naturals, a $100+ million direct marketing company, and also was a Co-founder, Vice President of inQ, a chat commerce solutions company serving companies such as AOL, Shutterfly, MovieTickets.com and many others.
Commerce Planet will merge its advanced technology with traditional communication channels to drive the member acquisition campaigns and systems. Jim Thoeni, Founder of Value Direct, further stated, “Our move to join Commerce Planet will enable our proven and proficient business model to thrive. We bring a uniquely positioned set of sales proposition, a comprehensive set of information management tools, and a subscription billing model that has sustainable revenue generation and superior margins.”
Jim Thoeni, newly appointed Vice President of Sales for Commerce Planet, brings over 12 years of experience including serving as VP Sales for Bargain, growing sales primarily via the inbound sales department that ultimately led to a $60 million sale to Vertue (VRTU), a publicly traded Company. Mr. Thoeni also served in sales operation roles for CRN, a leading third-party direct marketer of nationally aggregated foreclosed properties and Advanced Access, a premier online marketing company for real estate professionals.
“Our plan for 2008 involves acquiring and growing new and diversified online B2B and B2C products and services, while becoming a fully integrated e-commerce solutions provider with our Iventa Dashboard™ Systems,” stated Chief Strategy Officer and Chairman of Commerce Planet, Michael Hill. “We will continue to build from our strong marketing and sales operations with innovation solutions and smartly leveraged systems.”
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ 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.
I would have to say yes in my opinion. This is very positive news. A vote of confidence from management.
Microcapinvestor, do you believe that CPNE is going to continue rising? I'd like that sooooo much.
up 0.07 so far this morning! Good going cpne!
Commerce Planet Completes a 6% Stock Buy-back and Authorizes an Additional $2 Million Buy-back Program
Commerce Planet, Inc. (OTCBB:CPNE) announced today that its Board of Directors has authorized a new stock repurchase program to extend to June 30, 2008. The new authorization will allow the Company to repurchase an additional $2 million of the Company's common stock from time to time in open market or privately negotiated transactions.
Under the first stock repurchase program, in effect from November 2006 to December 31, 2007, the Company repurchased a total of 3.02 million shares, or approximately 6.2% of the Company’s 48,637,252 million outstanding shares, reducing the number of outstanding shares to 45,616,252 as of December 31, 2007.
"We continue to feel that our stock is undervalued in the marketplace," stated Tony Roth, Chief Executive Officer. "We strongly believe in the long-term value of our Company’s business and the outlook for 2008. The Board believes that, in addition to potential asset acquisitions, we can further enhance shareholder value through a larger stock repurchase program and the opportunistic acquisition of our stock from time to time as the Company deems appropriate.”
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing & media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ 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.
Leading Industry Veterans Join Commerce Planet Advisory Board
The momentum to drive this company forward continues to pick up a lot of steam in early 2008 and hopefully the PPS will follow in short order.
In speaking with Tony he mentioned that there was going to be an aggressive move to get things moving- he is right on!
Commerce Planet, Inc. (OTCBB:CPNE) today announced that Mr. Robert DeSantis and Mr. Gary Palmer have been appointed Members of the Company’s Strategic Advisory Board (“Advisory Board”) effective January 3, 2008.
“We are very fortunate to have these very experienced and qualified industry veterans join our Advisory Board,” stated Tony Roth, Chief Executive Officer. “Robert DeSantis is a seasoned, highly innovative executive with a reputation for leadership, integrity and forward-looking strategies. Gary Palmer brings a wealth of experience in payment and data processing including card issuing, merchant acquiring, ACH and emerging payments as well as a complement of enabling services that include call centers, web applications and fraud/risk management. We believe their combined advice, guidance and industry relationships will greatly benefit our Company as we expand our e-commerce business solutions, online marketing and media efforts, and associated revenue streams.”
As Members of the newly formed Advisory Board, Mr. DeSantis and Mr. Palmer will work directly with the Company’s Chief Executive Officer, Chief Strategy Officer and Board of Directors to introduce the Company to industry alliances, platform distribution leaders and cooperative marketing partners for new business development initiatives. In addition, Mr. DeSantis and Mr. Palmer will advise the company on synergistic acquisition and merger opportunities.
Robert DeSantis is currently President of Transactional Media and Marketing for Maddocks, a branding and marketing firm located in Los Angeles, whose client list includes such companies as Red Bull, Estee Lauder, Kanebo, P&G, Sony, Coke, Phillips, Beauty TV, Ketel ONE, The Venetian Hotel, Lumina Hotels, Disney, The Platinum Group and many others. During his five year tenure with Maddocks, Mr. DeSantis has spearheaded his own brand of Transactional Marketing that identifies unfulfilled market segments and opportunities, and develops compelling value propositions within targeted demographics. With a focus on measurable and sustainable ROI he has also created and developed Transactional business for a variety of well-known celebrities.
"I am excited to join the Advisory Board of such a dynamic and fully-integrated e-commerce provider," said Robert DeSantis. "The platform Commerce Planet has created provides custom solutions for enterprise clients and I believe my expertise will help unlock the value in this leading platform."
In 1990, Mr. DeSantis identified the potential and mechanisms of Television Home Shopping founders HSN and QVC and formed SKLA INC., which generated over $150 million in sales by 1997.
Gary Palmer commented, “I look forward to working with the uniquely creative and dedicated people at Commerce Planet. The new team at Commerce Planet has the Company well positioned for long-term growth and I believe my background of forging strategic relationships with leading multi-national companies and ensuring companies have the proper disciplines in place for sustainable growth will enable Commerce Planet to greatly expand its long-term client base.”
Gary Palmer manages Fidelity National Information Services’ (NYSE: FIS) Government Solutions/EBT business unit, the ACH business unit as well as EFD Prepaid, formerly known as WildCard Systems, which Mr. Palmer co-founded in 1997. FIS acquired these entities as part of the purchase of eFunds/EFD in September 2007 for $1.8 billion. Immediately prior to joining FIS through the acquisition, Mr. Palmer was Executive Vice President of Global Strategic Business Development for eFunds/EFD and was responsible for taking EFD’s products into global and multi-national financial institutions as well as other strategic entities. In this role, Mr. Palmer established a key strategic relationship; signing a 10-year, exclusive processing agreement with American Express, the largest network branded prepaid card issuer in the world. Prior to the acquisition of WildCard by eFunds in July 2005 for $229 million, Mr. Palmer served as WildCard’s Chief Operating Officer and member of the Board and was directly responsible for the product strategy and innovation, direct sales, and domestic and international channel partner development. He earned his B.S. in Marketing from the University of South Florida.
Hey guys...counter trend traders'ld go long right here. I believe that trend is to change soon...
This is kind of interesting about cpne:
Small Cap With Big Potential
ImageCase in point is Commerce Planet Inc. (OTCBB: CPNE) is now trading at a 83% discount off of its 52-week high of $3.48. But while this last year was a difficult one for them in the stock market, it was a progressive one for them internally. The stock continues to flash bottoming signs and more importantly, we could be seeing a sustainable move upwards if the company is able to keep up with its steady pace of positive corporate developments.
With a new and improved business model and management team, no long-term debt, two significant acquisitions executed over the past few months, and the faith to buy back more than 2,000,000 shares, CPNE has steered its ship straight and is sailing into '08 with the wind at its back.
www.commerceplanet.com
New Look Management Team - Optimized Business Model
ImagePowered by a restructured management team employing a strong and scalable business model designed to capitalize on an enormous market opportunity (Forrester projects online retail sales to reach $350 billion by 2011) CPNE indeed appears poised for significant gains over the short to mid-term.
The company also appears to have tweaked its biz plan a bit to focus more on the booming B2B sectors versus B2C, which proved costly in regards to customer charge-backs in 2007. Both the Iventa and the potential Value Direct acquisitions should make the transition virtually seamless as both are rooted in the B2B world.
Corporate Team “Buys In” to Revamped Business Plan!
ImageAnd if we are still hanging our hats on CPNE, it is encouraging to see management is putting its money where its mouth is. According to a release issued on Wednesday, CPNE brass recently bought back 2.2 million shares of its common stock with working capital. The total expenditure was valued at $726,300. This brings the grand total of repurchased shares to 3.02 million since the program’s inception back in November of '06.
How many other companies do you see doing this on the OTC Bulletin Board? That’s quite a vote of confidence in CPNE's future potential if you ask me. The people that know that company best are willing to wager $2 million that the stock will mature from current levels.
Dedication to Accretive Acquisitions Very Positive for CPNE's Future
ImageManagement is not only scooping up shares, they are making some pretty astute moves too. CPNE announced on Thursday that they have executed a Letter of Intent to acquire the operating assets of Value Direct. According to the release, Value Direct logged more than $2.3M in 2007 revenues and is a direct-to-consumer services company with core focus on the real estate housing and the pre-owned automobile markets.
Here's CEO Tony Roth’s take on the situation:
"We are pleased to have executed this agreement for acquisition as we move to continue diversifying the online offerings of Commerce Planet. Value Direct achieved revenue in 2007 exceeding $2.3 million and we expect the acquisition to contribute meaningful cash flow and pre-tax profits to Commerce Planet in 2008, as well as effectively grow our operating management force."
On another very positive note, the company has become exponentially better at keeping investors in the loop regarding its endeavors as well as its future outlook. One key factor that in my opinion led to the downward spiral in stock that we all paid witness to in recent months.
Lastly, it is extremely positive that management is not shortsighted in their business ventures. They appear to be quite conservative in their future outlook and recognize that while sales figures may dip during 2008; the changes currently being made will set the table for a far stronger future. As CPNE's acquisitions are still reaching their potential on the books, shortsighted peers of this small cap will be falling off the charts.
Commerce Planet Appoints Marcum & Kliegman as New Audit Firm
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc - (OTCBB:CPNE) today announced that the Board of Directors has appointed Marcum & Kliegman, LLC, as the Company’s independent registered public accounting firm, effective December 27, 2007. Marcum & Kliegman, LLC, replaces Jaspers + Hall, PC, which has served as the Company’s firm of record.
“We are pleased to be working with Marcum & Kliegman, LLC, and we believe they have the resources to provide Commerce Planet with highly reliable review and audit services as we plan for aggressive and sustainable long-term growth,” stated Tony Roth, Chief Executive Officer. “We believe the transition to a new audit firm will further support our strategic direction, growth plans and application process for a national market listing in 2008 by assisting the management team in providing timely, accurate and orderly financial communications to our shareholders.”
Jaime Rovelo, Chief Financial Officer, stated, “Marcum & Kliegman offers us global resources, four offices and 400 professionals, and the experience of a larger firm.”
Marcum & Kliegman has developed a leading reputation among SEC-reporting companies throughout the U.S.
About Marcum Kliegman, LLC
In addition to its core accounting, audit and tax services, Marcum & Kliegman offers a multitude of comprehensive services including SEC compliance, information technology solutions, trust and estate planning and administration, financial and investment advisement, network security, back office support, personal financial management, litigation support and forensic accounting. The Firm ranks 24th in the nation, according to Public Accounting Report, 7th largest firm in the Northeast by Accounting Today and 1st on Long Island, according to Newsday and Long Island Business News. For more information, visit Marcum & Kliegman online at www.mkllp.com or contact Gordon L. Tepper at 631-414-4020 or via e-mail at gtepper@mkllp.com.
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing & media division, and membership sales companies, customer care and call center facility, and it’s newly acquired E-Commerce Dashboard™ 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
they'd better do what they've got to...lol
I couldn't agree more...This is one of the few buy back programs that is actually going to work IMO.
Off To A Good Start in 2008!
I would advise anybody to give it six months based upon comments from the shareholder conference call.
What they are doing is hiring professional salesman to sell the Iventa packages to corporations/small and big business that will bring in big bucks and become a turn key money machine (IMO)
CEO Tony Roth indicated we would see much progress during the first six months of 2008 and from I see his word looks to be good.
If you have doubts and questions call his office 949-485-0559 EXT 3143.
Cheers!
Investor 100
im going to stick it out for atleast 2 months...I hear good thing and results should be with in the next 2 months....that is kinda my time line. Now we will see if they commit to my time line! lol
how long are you with commerce?
Commerce Planet Executes Letter of Intent to Acquire Value Direct
Commerce Planet, Inc. - (OTCBB:CPNE) today announced that the Company has executed a Letter of Intent to acquire the operating assets of Value Direct and retain key employees as members of management for Commerce Planet. This acquisition will be funded from available working capital and is expected to close prior to the end of January 2008.
Value Direct was formed in 2005 and operates as a direct-to-consumer services company, marketing product and pricing information in the real estate housing and the pre-owned automobile markets. The Company’s member acquisition system offers a one-time or recurring monthly fee for consumer-driven benefits memberships and corporate partner programs. The founding executives of Value Direct have extensive tenure executing similar business models for leading competitors and plan to join the Commerce Planet management, further broadening the depth and experience of its Internet Service Provider team.
“We are pleased to have executed this agreement for acquisition as we move to continue diversifying the online offerings of Commerce Planet,” stated Tony Roth, Chief Executive Officer. “Value Direct achieved revenue in 2007 exceeding $2.3 million and we expect the acquisition to contribute meaningful cash flow and pre-tax profits to Commerce Planet in 2008, as well as effectively grow our operating management force.”
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Commerce Planet Updates Share Buy-Back Plan
Commerce Planet, Inc. (OTCBB:CPNE) today announced that the Company has recently repurchased an additional 2.2 million shares of its common stock for a total expenditure of $726,300. These purchases were funded from available working capital.
According to the Company’s stock repurchase program established in November 2006, Commerce Planet was authorized to repurchase $2,000,000 of its common outstanding stock through open market or privately negotiated transactions at prices deemed appropriate by management. Since the last update of December 13, 2007, the Company has repurchased a total of 2.2 million shares, or approximately 4.4% of the Company’s outstanding shares, pursuant to the program. Since November 2006, the Company has repurchased a total of 3.02 million shares, or approximately 6.2% of the Company’s 48,637,252 million outstanding shares, reducing the number of outstanding shares to 45,616,252 as of December 31, 2007. This current stock repurchase program concluded on December 31, 2007, and management may enact an additional repurchase program in the near future.
“We believe our stock is trading at a significant discount to the long-term value of the Company’s business and we are pleased that we were able to use our cash flow to repurchase shares at these current levels,” stated Tony Roth, Chief Executive Officer. “We believe our strong balance sheet and the current cash flow generation from our business will enable us to continue to create shareholder value through continued investments including additional share repurchases from time to time as the Board deems appropriate.”
This is the best news for 2007 and a great start to 2008!
New management team looking for ways to make it happen. If you have concerns call CEO Tony Roth at 805-964-9126 ext 3143 and tell him what you think - I did and I like his new approach!
Investor 100
Happy New Year to all!
Have you heard that CPNE completed its management? I'm waitin' for stock to be put in the right track-hope it'll escape this falling-down labyrint.
Buying in you 401k....I would do the same...from the sounds of it...they are buying back share from the promos guys that didn't work! LOL and financing. This stock will see a 1.00 by the End of the year IMO. Im long on it!
$2M share buy back completed. That shows a lot of confidence by the management. More to come.
I think this is ground floor and I'm buying in my 401K account.
I heard in a chat room that there's a buyback going on, we'll see,
This is thier latest press, which is about the buyback:
Commerce Planet, Inc. (OTCBB:CPNE) today provided an update on the
Company's stock repurchase program. According to the program,
established in November 2006, Commerce Planet may repurchase up to
$2,000,000 of its common outstanding stock through open market or
privately negotiated transactions at prices deemed appropriate by
management. As of today, the Company has purchased approximately
$1,000,000 of the Company's outstanding common stock pursuant to the
program and the Company intends to purchase additional shares at the
current stock price.
Yes,it is out. CPNE can buy back up to $2M until Dec 31.
They've already bought back $1M.
With cash available, it could be worth it for CPNE.
News is now on SW too.
Didn't do much today. Maybe tomorrow? CPNE does not have to buy back, of course...
g.p.
"news of a buyback, looks pretty big"
Isn't it illegal to make an unsupported claim like this?
Wish I could...I just know there's supposed to be one
Please explain that 'buyback'.
g.p.
That's great news. It gives investors more confidence in the company. JMO
just got in here, news of a buyback, looks pretty big, watch for the breakout above .34
Hi, everyone!
nice to see the board active... I know this company had problems... but it seems they may have moved past them... I hope!
And a P/E of what... 3 or 4?!?!
Hard to find that... Probably need some time to prove they have moved past the problems, but seems like a great buy an hold stock...
Care to specify where you heard of any such rumor?
Thanks!
GLTA!
Shareholder Conference Call: December 5th!
If you are a shareholder this is by far the most important call you should plan to attend.
Having spoken with CEO Tony Roth he is eager to have as many shareholders join the call and ask questions.
We have anew CEO new leadership that wants shareholder feedback so plan to attend!
Investor 100
Company to Provide 4th Quarter 2007 and Full Year 2008 Operational and Financial Outlook, Including Revenue, EBITDA and Net Income
Commerce Planet, Inc. (OTCBB:CPNE) will hold a conference call with a question and answer session on December 5th, 2007 at 1:30 p.m. PST to provide its outlook for 2008.
Tony Roth, Chief Executive Officer, stated, “As announced on November 14th, 2007, we will conduct an open conference call with shareholders and the financial community on December 5th, 2007, to discuss our strategic long-term objectives, 4th quarter 2007 and 2008 operations and financial outlook. We look forward to sharing our outlook and our diversification plans for our business as we focus more of our efforts in securing e-commerce business clients with recurring revenue streams and enhanced margins while maintaining a healthy flow of our traditional online membership revenues.”
Conference Call
The Company will host a conference call on Wednesday, December 5, 2007 at 1:30 p.m. Pacific (4:30 p.m. Eastern). Participants may access the call by dialing 888-213-3754 (domestic) or 913-981-4903 (international). In addition, the call will be webcast via the company's website at www.commerceplanet.com, Investor Relations, where it will also be archived. A telephone replay will be available through Wednesday, December 12, 2007. To access the replay, please dial 888-203-1112 (domestic) or 719-457-0820 (international), passcode 1046043.
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Each subsidiary specializes in a specific niche of the media industry.
http://www.commerceplanet.com/Marketing/
http://www.commerceplanet.com/Ecommerce/
http://www.commerceplanet.com/Loyalty/
Company Website
http://www.commerceplanet.com/
Company Overview
The Commerce Planet organization develops and markets e-commerce software solutions and fully integrated online marketing, ad media products, lead generation, anti-fraud processes, list management, call center management, telemarketing and analytics to its client partners.
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 e-commerce business needs for client partners across a wide array of client sizes and industries.
Each subsidiary specializes in a specific niche of the media industry.
Legacy Media Inc. : Commerce Planet's media division offers brand and direct online advertising networks, affiliate and search marketing, online direct response lead generation combined with innovative ad serving technology and customer unique lead generation optimizing monetization on behalf of our client's business. We understand that our clients rely on our online marketing services, therefore we help enforce high standards of publisher acceptance while utilizing anti-fraud verification and tools, among other criteria that enable advertiser campaigns to operate with superior execution.
IVENTA: Commerce Planet's Ecommerce Software division, Iventa, is a global leader in web-enabled business management software. Iventa's core platform, the Dashboard System(TM), provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise ecommerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System can be fully managed or custom integrated into almost any infrastructure via a robust web service platform.
CLG ( Consumer Loyalty Group ):Commerce Planet operates CLG Customer Care,Telemarketing, and fully integrated end-to-end solutions for operating online campaigns as well as complimenting and supporting a client's offline marketing efforts. The CLG philosophy is to provide value added services, information, customer satisfaction, fraud prevention, and enhanced conversion to sale or upsell results. Partners have the option of integrating their current fulfillment and customer care infrastructure with Commerce Planet for highly differentiated process that is focussed on delivering a quality experience to each partner's specific business objective.
Company Address:
Commerce Planet Inc.
30 South La Patera Lane
Goleta, CA 93117
Telephone: ( 805 )964-9126
Accounting Firm
Marcum & Kliegman LLC
Winner of the 2006 "Best of the Best Firm" and "Innovative Firm of the Year,"
http://www.mkllp.com/
1.800.921.0777
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Commerce Planet's Iventa Announces Website Launch of Takeover Digital
March 6,2008
Commerce Planet files Form 8-K, Current Report
March 13,2008
Commerce Planet's Iventa at the South by Southwest Interactive Trade Show ( Austin Texas )
March 14,2008
Commerce Planet Engages Strategic Advisor
New Century Capital Partners, LLC
March 18,2008
Commerce Commerce Planet Enters Strategic Agreement with Yesmail, an infoUSA, Inc. Company to Expand Email Marketing Services
April 23,2008
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