iMergent Reaches Agreement With the Utah Division of Consumer Protection

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iMergent Reaches Agreement With the
Utah Division of Consumer Protection
Thursday October 25, 8:05 am ET

Division Withdraws Petition Requesting Registration as a Business Opportunity; iMergent Withdraws Petition With the Department of Commerce for Review

OREM, Utah--(BUSINESS WIRE)--iMergent, Inc., (AMEX:IIG - News) a leading provider of eCommerce software for small businesses and entrepreneurs, announced it was notified on October 22, 2007 by the Utah Division of Consumer Protection that the division has dismissed its petition requesting iMergent to register as a business opportunity. As part of the agreement, the company agreed to disclosures intended to clarify the company’s business model.

Jeffery Korn, general counsel for iMergent, said, “I want to thank the Utah Division of Consumer Protection and, in particular, Francine Giani, executive director of the Utah Department of Commerce. While we have had a protracted disagreement about the applicability of regulations, we were able to sit down and have an open and honest discussion. Francine was willing to roll up her sleeves and work on an agreement that provides additional and useful disclosures to iMergent's customers and provide the protections the division sought.”

Donald Danks, CEO of iMergent, said, “Throughout this process, we have been confident the matter would be resolved amicably. We have continued to focus on growing our business and returning value to our shareholders. Nonetheless, we are thrilled to have put this issue to rest.”

Korn added, “I hope this resolution shows the intent of the company to act in good faith to resolve any outstanding issues with any regulatory authority. The company will continue to work to make its business transparent to both regulators and, most importantly, our customers.”

Safe Harbor Statement
Statements made in this press release regarding the company's (1) expectation that the disclosures in the settlement will provides additional and useful disclosures to iMergent's customers; (2) expectation that the Company will act in good faith to resolve any outstanding issues with any regulatory authority, and (3) expectation that the Company will continue to focus on growing its business and returning value to its shareholders are subject to a number of risks and uncertainties that could cause actual results to differ materially form those described in the forward-looking statements. For a more detailed discussion of risk factors that affect iMergent's operations, please refer to the company's Form 10-K for the year ended June 30, 2007.

Company Contact:
Robert Lewis
iMergent, Inc.
801.431.4695
investor_relations@imergentinc.com

Investor Relations Contact:
CFO Kirsten Chapman
Lippert/Heilshorn & Associates
415.433.3777
kchapman@lhai.com