OREM, Utah, Nov 30, 2004 (BUSINESS WIRE) -- iMergent, Inc., (AMEX: IIG
- News) a
leading provider of eCommerce and software for small businesses and
entrepreneurs, today announced its most recent results for the StoresOnline(TM)
workshops held in the United Kingdom. iMergent held 13 workshops throughout
the U.K., earning $3.1 million in revenue. In addition, the company
recorded in excess of $300,000 in ancillary product revenue in the
U.K. subsequent to the workshops.
The workshops were held during October, and offered potential customers
the StoresOnline platform for managing and promoting online businesses
using StoresOnline eCommerce software.
Don Danks, chairman and chief executive officer, stated, "As
we discussed in our October conference call, we anticipated superb
results from our workshops in the U.K. Delivering $3.1 million in
revenue from these workshops, with strong follow on ancillary product
sales, demonstrates that our international marketing strategy continues
to gain momentum. We have successfully expanded the StoresOnline platform
to Australia, Canada, New Zealand and the U.K. We expect to build
on this success as iMergent continues its aggressive advance into
multiple international markets throughout fiscal 2005."
About iMergent
iMergent provides eCommerce solutions to entrepreneurs and small businesses
enabling them to market and sell their business product or idea via
the Internet. Headquartered in Orem, Utah the company sells it's proprietary
StoresOnline software and training services, helping users build a
successful Internet strategy to market products, accept online orders,
analyze marketing performance, and manage pricing and customers. In
addition to software, iMergent offers site development, web hosting,
marketing and mentoring products. iMergent typically reaches its target
audience through a concentrated direct marketing effort to fill Preview
Sessions, in which a StoresOnline expert reviews the product opportunities
and costs. These sessions lead to a follow-up Workshop Conference,
where product and technology experts train potential users on the
software and encourage them to make purchases.
iMergent, Inc. and StoresOnline are trademarks of iMergent, Inc.
Statements made in this press release that are not historical in nature
constitute forward-looking statements within the meaning of the Safe
Harbor Provision of the Private Securities Litigation Reform Act of
1995. Such statements are based on the current expectations and beliefs
of the management of iMergent and are subject to a number of factors
and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. Such risks
and uncertainties include, without limitation, the Company's continued
ability to increase revenue; the future success of workshops in the
UK and internationally; the ability to continue to increase additional
ancillary product revenue; the ability to provide merchants services
which grow their business; the ability to provide partnership programs;
the success of partnership programs; the Company's ability to attract
and retain key management and other personnel. For a more detailed
discussion of factors that affect iMergent's operating results, please
refer to its SEC reports including its most recent Form 10-K and Form
10-Q. The Company undertakes no obligation to update this forward-looking
information.
Contact:
iMergent, Inc.
Rob Lewis, 801-431-4695 (CFO)
investor_relations@imergentinc.com
or
Lippert/Heilshorn & Assoc.
Steve Kuzmic, skuzmic@lhai.com 415-433-3777 (Investor Relations)
Media:
Politis Communications, (801)523-3730
David Politis, dpolitis@politis.com
