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Goleta, California - (Cheap Web Hosting Directory) - November 28, 2006 - E-commerce solutions company, Commerce Planet, Inc., a subsidiary of Legacy Media, Inc., has issued a Board of Director authorized stock repurchase program, to which up to $2,000,000.00 of its outstanding common stock may be repurchased.

The repurchase plan will be effective through December 31, 2007, and may be extended by the Board of Directors. Under the program, CommercePlanet, Inc. may purchase shares of common stock through open market or privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions and corporate considerations, and will be made in compliance with applicable federal and state securities laws and regulations. The purchases will be funded from available working capital. As of November 27, 2006, CommercePlanet had approximately 47.5 million shares of common stock outstanding.

Michael Hill, Chairman of CommercePlanet remarked, ”The Board of Directors believes our Company’s shares are undervalued in relation to other industry competitors, especially in light of our past three quarters of growth. We believe the stock repurchase program also provides the Company with a vehicle to deliver value to our existing shareholders based on the past financial performance of Commerce Planet. We strongly believe in the future of our Company and that the repurchase of shares is a sound use of our operating capital.”

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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