iMergent
Announces Australia and New Zealand StoresOnline eCommerce
Software Workshop Results; Results Confirm Success of
International Expansion [June 21, 2004]
OREM,
Utah, Jun 21, 2004 (BUSINESS WIRE) -- iMergent, Inc.,
(IMGG) a leading provider of eCommerce and software
for small businesses and entrepreneurs, announced it
recorded approximately $2.2 million of revenue from
its recent workshops held in Australia and New Zealand.
Additionally, the company added $387,000 in gross follow-up
revenue to-date related to these workshops. The company's
first visit to Australia during the fiscal second quarter
netted $1.9 million in revenue.
During the course of the fiscal fourth
quarter, iMergent visited thirteen geographic regions
in Australia and New Zealand, conducting 20 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, "The international response to
our StoresOnline opportunity has been nothing short
of astounding. iMergent has now successfully expanded
its business into four international markets: Canada,
Australia, New Zealand and most recently, the United
Kingdom. In fact, our initial feedback from the United
Kingdom indicates similar levels of success, as each
of our workshops has been completely booked. We have
conducted workshops in all four markets during the quarter
and expect to continue to visit at least one international
market per month going forward."
iMergent will further discuss its international
results during its fiscal 2004 fourth quarter results
in August. 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.
SOURCE: iMergent, Inc.
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 |
