Investor100
16 years ago
Form 8-K for COMMERCE PLANET
17-Dec-2008
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obliga
Item 1.01 Entry Into a Material Definitive Agreement.
As previously reported by Commerce Planet, Inc. (the "Company") in its Current Report on Form 8-K filed with the Securities and Exchange Commission on September 18, 2008, effective as of September 16, 2008, the Company and its wholly-owned subsidiaries, Legacy Media, LLC, a California limited liability company ("Legacy"), and Consumer Loyalty Group, LLC, a California limited liability company ("CLG" and collectively with Legacy, the "Sellers"), entered into an Asset Purchase Agreement (the "Purchase Agreement") with Superfly Advertising, Inc. (F/K/A Morlex, Inc.), a Delaware corporation ("Superfly Parent") and its wholly-owned subsidiary Superfly Advertising, Inc., an Indiana corporation (the "Purchaser"). Under the Purchase Agreement the Purchaser agreed, on the closing date, to (i) acquire from the Sellers substantially all of the assets related to the business of Internet advertising and marketing conducted by the Sellers (the "Business"), and (ii) assume certain specified liabilities of the Sellers in connection with the Business, subject to certain terms and conditions (the "Acquisition").
On December 16, 2008, the Company, the Sellers, Superfly Parent and the Purchaser entered into an Amended and Restated Asset Purchase Agreement (the "Amended and Restated Purchase Agreement") under which, among other things, the purchase price for the Acquisition was revised to $825,000 in cash and 4,500,000 shares ("Shares") of common stock, par value $0.001 per share, of Superfly Parent. The cash portion of the purchase price is payable as follows: (i) $125,000 was paid upon the execution of the Purchase Agreement (the "Deposit"),
(ii) $200,000 will be deemed to be paid at closing by the forgiveness of $200,000 of indebtedness of the Company evidenced by a $200,000 loan funded by Superfly Parent to the Company on or about September 23, 2008 (the "Loan"),
(iii) $300,000 less the amount of interest accrued on the Loan as of the closing date shall be paid at the closing, and (iv) $200,000 shall be paid in equal monthly installments for 6 months commencing on the last day of the month following the closing. The Shares, valued at $0.75 per share, shall be issued on the closing date; provided that, 2,250,000 of the Shares will not be resold, transferred or otherwise distributed by the Company until the investigation or any proceedings of the Federal Trade Commission (the "FTC Proceedings") against the Company are settled. If the FTC Proceedings are not settled on or before 6 months from the closing date, Superfly Parent may demand the return of all or a portion of such 2,250,000 Shares. In addition, the Purchase Agreement was revised to reflect that the Company will be obtaining shareholder approval of the Amended and Restated Purchase Agreement, the Acquisition, and the transactions contemplated therein by shareholder consent rather than by soliciting proxies and holding a special meeting of shareholders.
The closing is expected to occur as soon as practicable, but in any event by March 31, 2009. However, there can be no assurances that the Acquisition will be consummated.
The foregoing is a summary of certain material terms and conditions of the Amended and Restated Purchase Agreement. Accordingly, the foregoing is qualified in its entirety by reference to the full text of the Amended and Restated Purchase Agreement attached to this Current Report on Form 8-K in Exhibit 10.1, and incorporated herein by reference.
SageWise
16 years ago
Commerce Planet Announces Plan to Spin-Off Its eCommerce Business
http://biz.yahoo.com/bw/081112/20081112006061.html?.v=1
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News) today announced that its Board of Directors has unanimously authorized management to pursue a plan to separate its eCommerce business by spinning off the business now known as Iventa into an independent publicly-traded company. The spin-off will be accomplished through a one-time share distribution to Commerce Planet shareholders in the spring of 2009.
The new independent company, to be formally named at a later date, will be a leading provider of eCommerce solutions in the entertainment, community networking and small business markets. Iventa currently serves enterprise clients in the lifestyle and entertainment markets, including SonyBMG, Rhino Records, Warner Music Group, Technicolor and numerous clubs, associations, and unique business verticals. In addition, Iventa has entered into strategic negotiations to merge with VComm Network, Inc. to provide the eCommerce solutions for trusted vendor processing of orders, branded marketing, downloads, dues, subscriptions, and online tuition/housing payment processes in the collegiate, faith-based, entertainment and professional organizations markets.
VComm Network serves many lifestyle and social verticals, and owns one of the fastest growing organizationally linked social networks, www.chaptercommunications.com, which serves millions of fraternity and sorority member-users through organization websites and the top two Greek Facebook applications The Greek Community and Greek Family Tree.
Newly Formed Spin-Off Iventa (NI)
Upon completion of the spin-off of New Iventa (NI), Commerce Planet shareholders are expected to receive one share of NI for every 20 held in Commerce Planet, Inc. NI will have approximately 1.5 million shares outstanding. New Iventa will be headquartered in Los Angeles and is expected to be listed on the OTCBB markets upon completion of the registration filings. Further information will be released as details of the plan are adopted by the Company and the Board of Directors.
Anthony Roth, President and Chief Executive Officer of Commerce Planet, stated, “This planned spin-off will result in the creation of a new business with a leading technology driven position in the lifestyle and entertainment markets. We believe this transaction will meaningfully enhance value for shareholders because it will enable our eCommerce business to pursue its own distinct strategic initiatives and significant growth opportunities with a sharpened focus. For example, by being strategically focused, NI will be able to attract and allocate growth capital and pursue mergers and acquisitions.”
Roth further stated, “This proposed spin-off will enable NI to further grow its uniquely positioned eCommerce solutions and differentiate its value proposition as a true technology sector, internet service provider. We believe that eCommerce and online marketing is trending significantly toward the trusted community networking arena. By merging with VComm Network’s tools and services, NI will be well positioned to be the leading service provider for the fast growing, target rich and highly sought-after marketing and sales channel of unique member-user base in lifestyle and entertainment social networks.”
SageWise
16 years ago
Commerce Planet Announces Agreement to Sell Consumer Loyalty Group and Legacy Media for $4 Million of Cash and Stock
Thursday September 18, 8:00 am ET
http://biz.yahoo.com/bw/080918/20080918005277.html?.v=1
Company Anticipates Filing Its Full Year 2007 and First and Second Quarterly Reports for 2008 as Soon as Possible, and Thereafter, a Proxy Statement to Obtain Shareholder Approval of the Sale
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB: CPNE - News), announced today that it has signed a definitive agreement to sell the assets of Commerce Planet’s subsidiaries, Legacy Media LLC (“Legacy”) and Consumer Loyalty Group, LLC (“CLG”) to Superfly Advertising, Inc., a wholly owned subsidiary of Morlex, Inc. (OTC Pink Sheets: MORX - News) (“Morlex”). Morlex is a leading innovator in direct-to-consumer internet marketing.
ADVERTISEMENT
The purchase price for Legacy and CLG consists of the payment to Commerce Planet of cash in the amount of $1,000,000 and the issuance to Commerce Planet of 4,000,000 shares of Morlex common stock, which are valued at $0.75 per share.
“During the course of the year we have taken steps to lower operational expenses and re-brand our core business products in order to increase shareholder value,” stated Tony Roth, CEO of Commerce Planet. “We have also considered a number of strategic alternatives and believe that the sale of Legacy and CLG is in the best interest of shareholders, allowing us to focus on our core Iventa e-commerce business.”
Richard Berman, CEO of Morlex, Inc. commented, “With the acquisition of Legacy and CLG we gain valuable assets, including fully integrated end-to-end solutions for operating online campaigns that will help us continue to grow our business.”
Mr. Roth continued, “We continue to operate Iventa in Los Angeles and are aggressively restructuring the organization to build a solid e-commerce business foundation. We appreciate the support of our shareholders during this transitional period, and we look forward to discussing our financial position, our operations and our strategy on a conference call to be held in the near future.”
Commerce Planet is diligently working with its independent registered public accounting firm in order to complete and file its 2007 Annual Report on Form 10-K and 2008 Quarterly Reports on Form 10-Q for the first and second quarters as soon as possible. Subsequent to the completion and filing of the aforementioned reports, the Company intends to file a proxy statement in order to obtain shareholder approval for the sale of Legacy and CLG.
About Commerce Planet, Inc.
Commerce Planet, Inc. is an online marketing, telesales, and e-commerce business. For more about Commerce Planet (OTCBB: CPNE - News), visit our website at http://www.commerceplanet.com.
About Morlex
Morlex, Inc. (OTC Pink Sheets: MORX - News) is a San Diego-based internet marketing firm that reaches millions of consumers through proprietary technology using email, portals, SEO technologies, voice broadcasting and advertising network affiliations. LeadX, the company's proprietary lead management software, enables users to more effectively manage higher volumes of leads and maximize ROI through greater marketing efficiency. For more information please visit http://www.superflyadvertising.com.
Investor100
17 years ago
Commerce Planet Announces SEC Filings and Operational Update
Company Anticipates Investor Conference Call in July 2008
Commerce Planet, Inc. (OTCBB:CPNE), announced today that its Board of Directors has formed an independent committee to investigate and examine certain audit procedures and transactions of the Company from public inception in 2004 through 2007. As previously announced, the Company issued a non-reliance statement regarding the prior audit firm Jasper’s & Hall and engaged Marcum & Kleigman in January 2008.
Tony Roth, CEO of Commerce Planet, stated, “We are striving to improve transparency and position the company to be a leading online marketing and e-commerce provider. The purpose of the special committee is to review the transactional history of the Company’s capitalization, compensation and financial reporting from 2004 through 2007, all in an effort to complete public filings.”
The Company has taken steps to lower operational expenses and expects to continue reducing operational budgets while re-branding its core business products and diversifying its online marketing services. Management anticipates scheduling an investor conference call in the next 45 - 90 days, upon the completion of its public financial filings.
Tony Roth continued, “We have continued to transition the company to a B-to-B online marketing and e-commerce provider and have recently begun working with several major brands, including www.FrankSinatra.com, www.ironman.com, and www.realtytrac.com. We are seeing increasing demand for our expertise and services in the online marketing sector. The Company expects to continue releasing operational updates and material contract information on a regular basis.”
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology-driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ 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.
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.
ICR
John Mills/Anne Rakunas, 310-954-1100
Investor100
17 years ago
BellwetherReport.com Analyst Report on MMGW, CPNEE, ARSC and MENV
BellwetherReport.com is the leading online financial newsletter for investors seeking top independent and unbiased research. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports. Today, we have once again scheduled interviews with a number of the top analysts in North America to get an update feedback from them regarding the current market activity and position of Mass Megawatts Wind Power Inc. (OTCBB: MMGW), Commerce Planet Inc. (OTCBB: CPNEE), American Security Resources (OTCBB: ARSC) and Micro Enviro Systems Inc. (OTCBB: MENV).
To receive free access to these interviews and analyst reports sign up to www.bellwetherreport.com by clicking this link. These reports may also be updated reports so you will be able to access the past reports as on the above mentioned companies as well.
http://www.bellwetherreport.com/home/registration.php
Find out why one of our favorite small-cap analysts' John Myers, predicts a relatively unknown stock called Ameriwest Energy (AWEC) could make you over 400% on your investment by visiting his website www.secretoilstock.com.
http://www.bellwetherreport.com/home/registration.php
*Please note that analyst reports are conducted daily and immediate sign up is crucial to your success when using these reports*
All analyst reviews will be posted for free under "today's articles" within 24 to 48 hours of the interview being completed.
Each interview will vary and may include, but will not be limited to the following:
-- An Unbiased View of the Company
-- Short-term Target Prices
-- Long-term Resistance and Support Levels
-- Analyst Opinions
-- Sector Review
-- Competition Overview
-- Direct Market Integration and Influence
Investors looking to access these interviews are encouraged to sign up now at http://www.bellwetherreport.com/home/registration.php.
Members are also given the opportunity to receive a free "custom stock review" on any equities you currently hold in your portfolio. Simply sign up, and in the members section of www.bellwetherreport.com, you can ask an analyst for his or her opinion of any stocks you currently have in your portfolio by filling out the form under the tab "custom stock review."
Bellwether Report is not affiliated or compensated by any of the above mentioned companies, nor do we own a position in any of the companies.
Contact:
Marc Johnson
Managing Director
Bellwether Report
Email Contact
Investor100
17 years ago
Commerce Planet Announces Investor Call for May 30, 2008
Commerce Planet, Inc. (OTCBB:CPNE) today announced that it intends to hold an investor conference call on Friday, May 30th, 2008, at 5:30 a.m. Pacific to provide an update on the Company’s operations. The Company also stated that it continues to seek resolution with the FTC and will provide an update of its activities to investors on the call. Details for the call will be provided in a separate release.
“We are looking forward to addressing our shareholders in order to discuss current operations and the traction we are making with regards to new business development,” said Tony Roth, President and Chief Executive Officer of Commerce Planet. “We remain confident in our transition plan to a full e-commerce business provider that offers the Iventa Web 2.0 Dashboard System™. In addition to our Iventa e-commerce solutions, our Legacy Media division is now well positioned to tap into the current, and growing, demand we see from companies who want to efficiently and effectively manage their e-commerce direct marketing campaigns alongside their online transactional businesses.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology-driven online media, marketing, and fully integrated e-commerce provider 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 Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ 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.
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.
Investor Relations:
ICR
John Mills/Anne Rakunas, 310-954-1100
SageWise
17 years ago
investor100 - yes, one of the better days here:) We already did get a PR today morning about the conf call - I noticed it late in the day.
http://biz.yahoo.com/bw/080512/20080512005839.html?.v=1
Commerce Planet Announces Investor Call for May 30, 2008
Monday May 12, 9:33 am ET
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News) today announced that it intends to hold an investor conference call on Friday, May 30th, 2008, at 5:30 a.m. Pacific to provide an update on the Company’s operations. The Company also stated that it continues to seek resolution with the FTC and will provide an update of its activities to investors on the call. Details for the call will be provided in a separate release.
“We are looking forward to addressing our shareholders in order to discuss current operations and the traction we are making with regards to new business development,” said Tony Roth, President and Chief Executive Officer of Commerce Planet. “We remain confident in our transition plan to a full e-commerce business provider that offers the Iventa Web 2.0 Dashboard System™. In addition to our Iventa e-commerce solutions, our Legacy Media division is now well positioned to tap into the current, and growing, demand we see from companies who want to efficiently and effectively manage their e-commerce direct marketing campaigns alongside their online transactional businesses.”
Investor100
17 years ago
YesMail_ March 2008 - Press Release.
Impressive success that should help CPNE!
Yesmail recognized for innovative development practices
Google's Web Toolkit is a key ingredient in Yesmail's development mix
OMAHA, NE, March 11, 2008 — For Yesmail® (an infoUSA®company, [NASDAQ: IUSA]), a recognized industry-leading provider of permission-based online email marketing solutions, 2007 was not only a year of tremendous growth but also a coming-out party in many respects as the company unveiled two new platforms and a significant re-release of its primary Enterprise offering. The products speak for themselves, however it is what is behind these technology advancements that has catapulted Yesmail into the technology leadership position among email service providers. In addition to modern software design concepts, agile development processes and an iterative product management approach, Yesmail is pushing the envelope by utilizing cutting edge development tools.
Last year concluded with several milestones for Yesmail, including a leader ranking in the Forrester Q4 2007 Email Marketing Service Provider Wave Report. Julie Katz, lead analyst for email marketing at Forrester wrote, "A rebuilt platform and iterative development processes earn Yesmail a Leader slot in Forrester's evaluation of email marketing service providers." The report also called out Yesmail's iterative development process using Agile enabled the company to release new features every two weeks.
In 2006 Yesmail selected Google's Web Toolkit as the framework that would enable innovation and best-in-class technology development. Google Web Toolkit (GWT) is an open source Java software development framework that makes writing AJAX applications like Google Maps and Gmail easy for developers who don't speak browser quirks as a second language. GWT eliminates the need to spend significant time working around subtle incompatibilities between web browsers and platforms, and JavaScript's lack of modularity makes sharing, testing, and reusing AJAX components difficult and fragile. As a result, embracing a powerful toolkit like GWT allowed Yesmail's developers to focus their creative energy on innovative user interface elements.
Fast forward to 2007: Yesmail recognized the underpinning of its email marketing platforms needed to become a modern web 2.0 user experience for clients. "The speed with which the company could develop features using GWT was an encouraging first step, as it worked within our two-week iterative process," said Chris Jones, Sr. Software Developer at Yesmail. "Initially we used GWT only when we needed something beyond the scope of standard forms, but as our code base grew, the team realized it could enhance interfaces by re-factoring some of our GWT UI Code into a common library. Eventually, our code base was rich enough and the development team fluent enough with GWT that it became our de-facto development platform for the user interface." For more information please read "Yesmail talks about GWT" at http://googlewebtoolkit.blogspot.com.
Yesmail's advancements in technology and product development processes have equated to business growth and bottom line results as well. Revenue growth over the past three years has averaged over 40% and the company is among the most profitable in the email services sector. This success has allowed Yesmail to further its investment in its technology organization and has enabled it to branch out in the small and mid-markets. Yesmail also holds 2 decision-support and artificial intelligence related patents and is evaluating the patentability of certain product development initiatives.
Yesmail continues its positive momentum in 2008 with a recent leader designation in the Large-Enterprise Service Provider Category from JupiterResearch in the recently published Jupiter Buyers Guide of Email Marketing Service Providers. The guide is an evaluation of the offerings of 32 vendors. JupiterResearch bases their overall value, suitability, and breadth on the distinct needs of three types of marketers, and places them in three categories (i.e., full-service, small-/midsize-business, and large-enterprise). The full report is available for purchase for $3500 and is located on the Jupiter Research website. http://www.jupiterresearch.com/bin/item.pl/research:vision/1103/id=100095/
Investor100
17 years ago
Commerce Moving On its Plan!
CEO Tony Roth moving quickly to get Iventa moving as the key component for CPNE!
Given ore time and securing more business I am confident this will have a positive impact!
About Yesmail
Yesmail is a recognized industry-leading provider of online emarketing solutions. Built on a solid core of innovative technology, Yesmail offers a complete portfolio of email marketing solutions for businesses of all sizes including, Yesmail Enterprise, Yesmail Express, Yesmail Direct, Yesmail Media and Yesmail Data Boost. Yesmail exceeds the expectations of Fortune 500, mid-size companies and small businesses worldwide powering their strategies with highly trained account teams and best practices consulting. Clients specializing in consumer products, retail, publishing, travel and finance are well served globally with award-winning solutions localized in single-byte and double-byte languages. Yesmail was founded in 1997 and is a subsidiary of InfoUSA. Yesmail corporate headquarters are located in Portland, Oregon, USA and has offices in Los Angeles, San Francisco, New York, Chicago, Omaha, Toronto, London and Singapore. For more information visit www.yesmail.com or call 1.877.Yesmail.
About infoUSA
infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer databases for sales leads & mailing lists, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, and infoUSA has the most comprehensive data in the industry, and is the only company to own 12 proprietary databases under one roof. The infoUSA database powers the directory services of the top Internet traffic-generating sites. Nearly 4 million customers use infoUSA's products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoUSA headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500. To know more about Sales Leads, click www.infousa.com. To get a 72-hour free trial and 100 free sales leads, click www.salesgenie.com.
SageWise
17 years ago
Commerce Planet Enters Strategic Agreement with Yesmail, an infoUSA, Inc. Company to Expand Email Marketing Services
http://biz.yahoo.com/bw/080423/20080423005454.html?.v=1
Commerce Planet, Inc. (OTCBB:CPNE - News) and its subsidiary Iventa, LLC, a global leader in web-enabled e-commerce management software, announced today a Email Marketing Program with YesmailTM, an infoUSA, Inc. company (NASDAQ: IUSA - News). Under the terms of the agreement, Yesmail will manage and direct Iventa’s email marketing program, further enhancing the unique offering Iventa provides its enterprise customers.
“Yesmail’s Enterprise email marketing solution is a strong complement to the proprietary and robust offering we currently provide our enterprise customers,” said Tony Roth, President and Chief Executive Officer of Commerce Planet. “Our Iventa Dashboard System™ provides customers with a very powerful tool that manages their e-commerce website business needs online. Strengthening our Iventa product offering is a key area of focus for us and one we expect to be a strong revenue driver for Commerce Planet in 2008 and beyond.”
Iventa’s web-enabled business management software combined with Yesmail’s Enterprise email marketing solution expands Iventa’s service offering to their enterprise customer base. Iventa’s clients will benefit from Yesmail’s Enterprise platform setup that includes a client-specific email marketing database capable of supporting multiple divisions and mail lists, customized targeting and reporting segmentations, and ISP Whitelisting management and coordination. The platform also includes an integrated analytics module that provides a variety of reports that are critical for operational analysis and planning.
“We’re excited about the capabilities this partnership brings to Iventa and their clients,” said John Harrison, senior vice president of product strategy and client services. “Enabling businesses to build and integrate sophisticated, personalized lifecycle marketing messages with their ecommerce system means they’re ahead of the curve when compared to their competitors.”
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Ask ADVFN Intelligence (AI)
Renee
10 years ago
trader guy
16 years ago
Hot Features
Premium
