GOLETA, Calif., Dec. 6 /PRNewswire-FirstCall/ -- Commerce Planet, Inc. (BULLETIN BOARD: CPNE) announced today that the initial results for their Costa Rican call center, launched on November 27, 2006 are extremely encouraging. The center incorporates state of the art systems and technology, maximizing the performance of sales and customer service representatives. Currently, the facility can process over 10,000 sales leads a week. With its initial test capacity the center has generated approximately 150 orders per day at significantly lowered costs per customer acquisition than standard methods of solicitation. Based on this success Commerce Planet intends to ramp up operations to further increase order volume. The second phase of the center, addressing customer service will be launched December 11, 2006.
CEO Michael Hill stated, "the launch of the Costa Rican facility is a resounding success with our existing internal product offerings. Additionally, we are in the final stages of negotiations with our strategic partners to deploy campaigns similar to that of our own brand. The center should allow us to experience decreased operational costs with an elevated level of sales and service. The Costa Rican employees have proven to be highly motivated, intelligent and reliable. We anticipate, based upon the last week of operations that our Company will experience an increase in order volume and a decrease in operational costs. We are extremely excited about the results and intend on expanding the center over the next few months to maximize the center's return."
About Commerce Planet, Inc.
Commerce Planet, Inc. (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.
To find out more about Commerce Planet, Inc. (BULLETIN BOARD: CPNE) , visit our website at http://www.commerceplanet.com/. The Company's public financial information and filings can be viewed at http://www.sec.gov/.
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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