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TMCNet: Commerce Planet Engages Strategic Advisor

[March 18, 2008]

Commerce Planet Engages Strategic Advisor

GOLETA, Calif. --(Business Wire)-- Commerce Planet, Inc. (OTCBB:CPNE) announced today that it has initiated a review of strategic alternatives to enhance shareholder value. The Company has retained New Century Capital Partners, LLC as an advisor in connection with the evaluation process. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction and it undertakes no obligation to make any further announcements regarding the exploration of strategic alternatives until the outcome of the process is completed or until there are material developments.


Tony Roth, President and Chief Executive Officer, said, "The Company's decision to explore strategic alternatives is consistent with its goal to maximize value for shareholders. During this review, we will continue to focus on utilizing our healthy balance sheet and our fully-integrated propriety platforms and services to strengthen our Iventa e-commerce businesses. Iventa has tremendous experience tailoring its Dashboard(TM) System to fit the needs of a variety of web retail operations for entertainment, sports and event-driven companies, and leading media enterprises. We believe Commerce Planet is poised to become the company most known for solving business needs online for both small merchants and large enterprise clients."

About Commerce Planet, Inc.

Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce company 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 its network of online marketing & media division, membership sales companies, customer care and call center facility, and it's newly acquired E-Commerce Dashboard(TM) 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.

About New Century Capital Partners, LLC

New Century Capital Partners LLC (www.newcenturycap.com) is a leading independent investment banking firm focused on digital media and technology. Since New Century Capital Partners' inception in 2006, the firm has completed 16 transactions, the majority of which were for public companies. New Century Capital Partners provides a broad range of investment banking services including: mergers and acquisitions, corporate and financial restructuring services and corporate finance services. New Century Capital Partners has a proven track record of providing superior execution for its clients, including delivering premium valuations. New Century Capital Partners' investment bankers have previously worked in senior positions at leading investment banking firms, including: Bank of America, Citigroup, Deutsche Bank, DLJ, Merrill Lynch, Montgomery Securities and Robertson Stephens. The firm's investment bankers have completed transactions ranging in size from less than $100 million to more than $3 billion.

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.

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