-Commerce Solutions Firm, Commerce Planet, Reports Record Revenue Growth
-Commerce Solutions Firm, Commerce Planet, Reports Record Revenue Growth
Goleta, California - November 27, 2006 - E-commerce solutions company, Commerce Planet, Inc., a subsidiary of Legacy Media, Inc., has reported combined revenue increases from approximately $450,000 in September 2006, to over $700,000 in October 2006. The revenue consists of all sources from both related and unrelated parties. The leads were produced through http://www.legacynetwork.com and Legacy's distribution channels increased from 108,000 in September 2006 to 167,000 in October 2006. Aaron Gravitz, President of Legacy Media, Inc. offered, ''Our revenue results for September and October 2006 grew beyond our expectations. In four short months of existence, we are excited about the traction that Legacy has gained. Month over month, from September 2006 to October 2006, we experienced an increase of over 50% in revenue and lead growth. We believe that we are quickly becoming a top internet media company and we expect to continue to increase our market share in this fast growing industry.'' Michael Hill, CEO of Commerce Planet, Inc. added, ''I am proud to release this news to our shareholders. We believe that our commitment to excellence in e-commerce solutions is providing the groundwork for strong growth at Legacy Media.''According to The Census Bureau of the Department of Commerce, total U.S. e-commerce sales for 2005 were estimated at $86.3 billion, an increase of 24.6 percent from 2004. SG Cowen has publicly published reports expecting U.S. e-commerce retail sales to continue to grow at a five-year rate of 16% to $184 billion in 2010. CommercePlanet, Inc. through its websites 'commerceplanet.com', 'osimaging.com', 'onlinesupplier.com', 'buydiscount.com' and 'mysoftwaretutor.com', provides ecommerce solutions, printing, fulfillment, and thousands of high value products at savings to its online loyalty club customers and members. For more information about CommercePlanet, please visit: www.commerceplanet.com.
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