iMergent Reaches Settlement Agreement with the State of Florida

Agreement Does Not Impair the Company's Ability to Conduct
Business in Florida
OREM, Utah--(Business Wire)--
iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce
software for small businesses and entrepreneurs, entered into a
settlement agreement with the State of Florida Office of the Attorney
General on Friday, August 29, 2008.

The Attorney General of Florida originally filed an action in 2007
and then amended and re-filed the action in 2008, claiming the company
sold a business opportunity and otherwise made sales in violation of
certain consumer protection statutes.

As a result of the agreement, the company agreed to pay fees
totaling $125,000 and agreed that it will refund any customers in the
State of Florida who may file claims within 30 days of entry of the
judgment. The company also agreed to refund claimants who have
previously filed a claim to either the company or the State. iMergent
also agreed to refund up to $250,000 in claims made over the next 18
months from purchasers who can demonstrate with supporting
documentation that there has been a misrepresentation made to them and
that the customer could not make the product work. In addition,
iMergent agreed to certain actions intended to clarify its business
practices. There is no finding iMergent is a seller of a business
opportunity.

Jeff Korn, iMergent general counsel, said, "The Attorney General
of the State of Florida has completed a very long and thorough review
of the company's business practices. The Attorney General made some
suggestions including increasing the refund period for seniors to 15
days, which we have already incorporated world wide. We are always
willing to work to take any action that makes our sales model more
transparent. We have reserved for the refunds expected and do not
expect refunds after the thirty days to have a significant impact as
we do not believe there have been any misrepresentations made to
customers."

Don Danks, CEO, stated, "After a two year review, we are pleased
to have a resolution to this matter that clarifies the company's
business practices and does not limit our ability to conduct business
in Florida. The changes to StoresOnline(TM) Express have been
instrumental in clarifying our business practices and greatly assisted
in resolving this matter."

Before the stock market opened today, the company filed an SEC
Form 8-K.

Safe Harbor

Statements made in this press release regarding (1) iMergent
transacting business in the State of Florida (2) the settlement
resolving outstanding matters with the State of Florida, (3) the
settlement not affecting continued operations in the State of Florida,
(4) iMergent addressing issues to clarify its business practices, (5)
iMergent having reserved for the refunds expected and the expectation
that refunds after the thirty days will not have a significant impact,
(7) the belief there have not been misrepresentations made to
customers (6) iMergent being willing to take any reasonable action
that assists in making sales practices transparent to regulators
customers, (7) that the StoresOnline(TM) Express model has been
instrumental in clarifying iMergent business practices and greatly
assisted in resolving this matter are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from 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, and Forms 10-Q for the periods ended September 30, 2007,
December 31, 2007, and March 31, 2008.

About iMergent

iMergent provides eCommerce solutions to entrepreneurs and small
businesses enabling them to market and sell their business products or
ideas via the Internet. Headquartered in Orem, Utah, the company sells
its proprietary StoresOnline software and training services which help
users build successful Internet strategies to market products, accept
online orders, analyze marketing performance, and manage pricing and
customers. In addition to software, iMergent offers site development,
web hosting and marketing 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.

iMergent, Inc.
Jeffrey Korn, 801-431-4695
General Counsel/Corp. Secretary
investor_relations@imergentinc.com
or
Lippert/Heilshorn & Associates
Becky Herrick, 415-433-3777 (Investor Relations)
bherrick@lhai.com

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