CommercePlanet Inc fka CPLT

[Investor100]

Commerce Planet Announces Investor Call for May 30, 2008

Commerce Planet, Inc. (OTCBB:CPNE) today announced that it intends to hold an investor conference call on Friday, May 30th, 2008, at 5:30 a.m. Pacific to provide an update on the Company’s operations. The Company also stated that it continues to seek resolution with the FTC and will provide an update of its activities to investors on the call. Details for the call will be provided in a separate release.

“We are looking forward to addressing our shareholders in order to discuss current operations and the traction we are making with regards to new business development,” said Tony Roth, President and Chief Executive Officer of Commerce Planet. “We remain confident in our transition plan to a full e-commerce business provider that offers the Iventa Web 2.0 Dashboard System™. In addition to our Iventa e-commerce solutions, our Legacy Media division is now well positioned to tap into the current, and growing, demand we see from companies who want to efficiently and effectively manage their e-commerce direct marketing campaigns alongside their online transactional businesses.”

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: [phone]; 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.

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.

Investor Relations:
ICR
John Mills/Anne Rakunas, 310-954-1100