iMergent Appoints Clint Sanderson President and COO and Steve Mihaylo Chairman of the Board of Directors

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iMergent Appoints Clint Sanderson President and COO and Steve Mihaylo
Chairman of the Board of Directors

TEMPE, Ariz., Nov. 12, 2010 (GLOBE NEWSWIRE) — iMergent, Inc.
(AMEX:IIG), a leading provider of eCommerce software, site development,
web hosting and search engine optimization for businesses and
entrepreneurs today announced that it has appointed Clint Sanderson as
its President and Chief Operating Officer (COO). The Board of Directors
also voted to name Steven G. Mihaylo as Chairman of the Board of
Directors in addition to his role as Chief Executive Officer.

Sanderson, 39, has been a member of the iMergent management team since
2002, serving in roles of increasing responsibility, and has served as
President of the StoresOnline and Crexendo divisions since February
2009. Prior to joining StoresOnline, Sanderson served as director of
sales for two enterprise software companies. Sanderson also serves on
the Board of Directors of the American Lung Association of Utah and is
a member of the Utah chapter of the Young Presidents Organization
(YPO). Sanderson received a Bachelor of Science Degree in business from
Brigham Young University.

Steven G. Mihaylo, iMergent’s chief executive officer, stated, “I have
worked closely with Clint since I joined iMergent two years ago and he
has been a full partner in working with our entire management team to
transform the Company’s StoresOnline division to a Software as a
Service (SaaS) model. The board’s decision to elevate Clint to
president and Chief Operating Officer is well earned and I support it
fully. I am looking forward to working with Clint in the future to
execute our plans to broaden the delivery of the Company’s web software
tools and web marketing services worldwide and the planned introduction
of our telecommunications services and related network services, in the
first quarter of 2011, to enterprise customers. It is my belief that
the execution of these plans will lead to increased shareholder value
in 2011 and beyond.”

About iMergent

iMergent provides eCommerce solutions to entrepreneurs and businesses
enabling them to market and sell their products or ideas via the
Internet. The company sells Software as a Service (SaaS), web marketing
and training services which help users implement Internet strategies to
allow entrepreneurs and businesses to market and sell their products,
accept online orders, analyze marketing performance and manage pricing
and customers over the Internet. In addition to software and training,
iMergent offers site development, web hosting and search engine
optimization (SEO). iMergent, StoresOnline and Crexendo Business
Solutions, Inc. are trademarks of iMergent, Inc.

Safe Harbor Statement

This press release contains forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a “safe harbor” for
such forward-looking statements. The words “believe,” “expect,”
“anticipate,” “estimate,” “will” and other similar statements of
expectation identify forward-looking statements. Specific
forward-looking statements in this press release include information
about iMergent or its officers, (i) transforming the Company’s
StoresOnline division to a Software as a Service (SaaS) model; (ii)
broadening the delivery of the Company’s web software tools and web
marketing services (iii) the planned introduction of telecommunications
services and related network services, in the first quarter of 2011, to
enterprise customers and (iv) that these plans will lead to increased
shareholder value in 2011 and beyond.

For a more detailed discussion of risk factors that may affect
iMergent’s operations and results, please refer to the Company’s Form
10- KT for the six months ended December 31, 2009 and the Company’s
forms 10Q for the periods ended March 31, 2010, June 30, 2010 and
September 30, 2010. These forward-looking statements speak only as of
the date on which such statements are made, and the company undertakes
no obligation to update such forward-looking statements, except as
required by law.

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