No, as Target Mail is designed to use the search functions of Community Builder. However, keep some things in mind. Community Builder is 100% free. Your users do not have to use Community Builder or even see it at all. You can use Target Mail to bring users into CB from Virtuemart, then use the advanced search functions of CB to create export files to Acajoom / JNews. Virtuemart simply doesn't have good search capability. You can't use it to find who brought certain products, for example, or segment your customers by State, Country, etc. CB can, and the users never have to know that you are using it in this manner! Your site's shoppers only need interact with Virtuemart, while you use the combination of Target Mail and Community Builder to perform searches to segment your customers and build targeted mailing lists.

By the way, this is how we use Target Mail on our own Website.

All for less than $15.00!