Commerce Planet's Board of Directors Forms Special Committee to Protect the Integrity of Their Stock and Shareholder Value.GOLETA, Calif. -- Commerce Planet, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CPNE CPNE Council of Pakistan Newspaper Editors CPNE Clinical Performance Nursing Exam ) announced today that the Company is taking strategic steps to stabilize stabilize See peg. and protect the integrity of their stock. "We have worked diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to build Commerce Planet to our current level of success, and remain focused on strategic initiatives that we believe will improve customer satisfaction and, in turn, drive revenue and profitability," commented Chief Executive Officer, Michael Hill Michael Hill is the name of:
The Company has formed a special committee to hire and oversee special counsel that is tasked with investigating international exchange listings and taking measures to de-list from all foreign exchanges. In addition, the Company will hire a third-party expert forensic stock specialist to investigate past trading and monitor future trades. This specialist will work to identify any abnormal and unauthorized trading patterns Trading pattern Long-range direction of a security or commodity futures price, charted by drawing one line connecting the highest prices the security has reached and another line connecting the lowest prices at which the security has traded over the same period. . The committee is fully dedicated to the protection of shareholder value and will take all steps criminal, civil and regulatory to ensure that there is no inappropriate trading in the stock. Commerce Planet has never applied for a listing, nor did it authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) the listing of its shares on any foreign exchange, and has no intention of doing so. About Commerce Planet, Inc. Commerce Planet, Inc. is an internet-based media company that 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 Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , which includes Consumer Loyalty Group, Inc., Legacy Media Inc., OS Imaging, Inc. and Interaccurate, Inc. 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 printing services. To find out more about Commerce Planet, Inc. (OTCBB:CPNE) visit our website at 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements include that the Company believes it is quickly becoming a top internet media company and expects to continue to increase its market share in this industry. 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. |
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