iMergent Announces United Kingdom StoresOnline eCommerce Software Workshop Results
International Expansion Continues to Gain Momentum
OREM, Utah--(BUSINESS WIRE)--July 16, 2004--iMergent, Inc., (OTCBB:IMGG) a leading provider of eCommerce and software for small businesses and entrepreneurs, announced it recorded approximately $1.6 million in revenue from its recent workshops held in the United Kingdom. The company expects to generate approximately $400,000 in ancillary product revenue related to these workshops in the next month or two.
During the course of the fiscal fourth quarter, iMergent visited five geographic regions in the United Kingdom and conducted six full-day workshops to introduce potential customers to the StoresOnline(TM) platform. Each workshop taught potential customers the Internet marketing techniques needed to successfully open and promote an online business with iMergent's proprietary, easy-to-use StoresOnline eCommerce software.
Don Danks, chairman and chief executive officer, stated, "iMergent's international strategy continues to generate great response in each new international market we have visited. We plan to continue to expand our international presence in fiscal 2005 and have scheduled additional StoresOnline workshops in nine European countries including Germany, Italy, Belgium, Sweden, and others in the first quarter of fiscal 2005."
iMergent will further discuss its international results during its fiscal 2004 fourth quarter results. More information can be found on the iMergent, Inc. web site at www.imergentinc.com.
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 its 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; continue to increase earnings; continue to expand business internationally; continue to increase the number of workshops; continue to decrease bad debt expense; continue to maintain/increase training events; the success of the MIT relationship; the continued ability to use loans to increase liquidity and capital resources; the continued acceptance of new customer services practices; 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.
Contacts
iMergent, Inc.
Don Danks, 801-431-4695
investor_relations@imergentinc.com
or
Lippert/Heilshorn & Associates (Investor Relations)
Brendan Lahiff & Kirsten Chapman, 415-433-3777
Brendan@lhai-sf.com
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