GOLETA, Calif., Aug 28, 2006 -- Commerce Planet, Inc. (OTC Bulletin Board: CPNE) today announced initial results of its launch of `Buydiscount` through its Consumer Loyalty Group (CLG) subsidiary. Buydiscount is a leading high volume consumer-direct discount club, which offers a broad selection of top name brands at discounted prices. Commerce Planet CEO Michael Hill stated, "Buydiscount was launched as a stand alone product on July 28 and in just one month we`ve already enrolled over several thousand new members and the numbers are growing every day."
CLG Division President Chris Seidel stated: "We are extremely pleased with the response so far. Buydiscount now joins Online Supplier as a stand alone offering on our Legacy Network affiliate www.legacynetwork.com and we expect to see similar if not even better results from it over the coming months."
About Commerce Planet, Inc.
Commerce Planet, Inc. through its websites `commerceplanet.com`, `osimaging.com`, `onlinesupplier.com`, `buydiscount.com`, `mysoftwaretutor.com`, and `legacynetwork.com` provides ecommerce solutions, internet marketing, media fulfillment, and thousands of high value products at significant savings to its online loyalty club customers and members.
To find out more about Commerce Planet, Inc. (OTC Bulletin Board: CPNE), visit our website at www.commerceplanet.com. The Company`s public financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
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.
Michael Novielli, Chairman
Commerce Planet, Inc.