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iMergent Reiterates Financial Guidance 8 March 2005, 7:05 am ET -Management Confirms Expected Strong Growth- OREM, Utah, March 8, 2005 - iMergent, Inc., (AMEX: IIG) a leading provider of eCommerce and software for small businesses and entrepreneurs, announced today management confirmed the company's expected strong growth, reiterating its financial guidance provided in its January 27th earnings results press release and conference call. Management also held a conference call on February 25th and a transcript of the call is available at the company's web site at www.imergentinc.com. Jeffery Korn, general counsel of iMergent, stated, "I continue to engage in dialogue with the Texas Attorney General. I remain confident we will resolve this issue amicably in the near term." Reiterated Outlook
Don Danks, chairman and chief executive officer, stated, "Demand for iMergent's eCommerce solutions continues to be strong. Consequently, we remain on schedule to launch our sixth sales team in the second half of fiscal 2005 to address both domestic and international opportunities. As a course of business, we continually upgrade our service and software. For example, in June 2004 iMergent customer service began 24-hour-a-day / 7-day-a-week chat lines and email support in addition to on going phone support. We also frequently add new features to the StoresOnlineT platform such as eBay compatibility introduced in October 2004. Proactive improvements like these are why we continue to receive very positive reviews from our merchants." About iMergent 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, revenue growth in fiscal 2005 ranging from 30 to 35 percent over fiscal 2004; continued substantial third quarter year-over-year growth compared to fiscal third quarter 2004; sequentially higher revenue in the fiscal fourth quarter 2005 revenue; annual net income growth rate exceeding the annual revenue growth rate; future tax rate being 38 percent, with the majority of tax provisions being primarily non-cash; the launch our sixth sales team in the second half of fiscal 2005; the ability to upgrade our service and software; the ability to add new features; the company's resolution of the Texas proceeding; employees complying with company policy and laws, company undertakes no obligation to update this forward-looking information. |
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