OREM, Utah -- Jan. 5, 2005 -- iMergent, Inc., (AMEX:IIG) 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 Australia and New Zealand. In the quarter ending in December, iMergent held 19 workshops throughout both countries, earning $3.7 million in revenue. All revenue has been recognized in the quarter ending December 31, 2004.
The workshops were held during late November and early December and offered StoresOnline eCommerce software to potential customers interested in promoting and managing their own online businesses.
Don Danks, chairman and chief executive officer of iMergent, stated, "Building on our recently announced results from our workshops in the United Kingdom, we continue to see strong traction in other international markets. We are delivering on our goals of diversifying our revenue mix and leveraging our infrastructure investment as our international marketing strategy continues to drive results overseas. In addition, another goal in planning our international workshops is to partially offset the seasonality we have historically experienced in United States. We look forward to continued domestic and international expansion in calendar 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 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.
