LAST WEEK … Commerce Planet (OTCBB: CPNE) announced that recently acquired subsidiary One Source Imaging (OSI) had booked over $500,000 in business in just 30 days.


YESTERDAY … CPNE announced the repayment of $775,000 in debt with cash generated from operations, bringing the year to date total to $2.2 million in debt reduction and setting the stage for a debt free company in the near term.


AND NOW TODAY … CPNE announced record revenues and profits for the second quarter of 2006. Revenue for the quarter ended June 30, 2006 was $7,086,818 vs. $1,258,616 for the quarter ended June 30, 2005, a 460% increase. This company is on a tear, nearly matching revenues for all of 2005 in ONE QUARTER.


CPNE continues to rapidly pay back debt, increase revenues, and expand through its strategic acquisitions and airtight business model. Take a closer look now at $0.65-0.70 before this one gets out of reach.