iMergent New Board Chairman Named

Orem, Utah - (Cheap Web Hosting Directory) - September 5, 2007 - iMergent, Inc., has appointed Todd A. Goergen as non-executive Chairman of the Board of Directors. Donald L. Danks will remain as Chief Executive Officer and Director of the e-commerce web host, software and services provider for small businesses and entrepreneurs.



The company also announced that it had completed its investigation of Mr. Danks and the independent members of the iMergent board of directors reviewed the investigation and delivered remedies.



In its SEC Form 10-Q for the quarter ended March 31, 2007, issued on May 10, 2007, the company disclosed that in an article in the May 5, 2007 edition of Barron's alleged Don Danks shared material non-public information with select individual and institutional investors. In a conference call that day, the company also disclosed its general counsel together with outside counsel for the independent members of the board of directors, launched a thorough investigation of that allegation and the actions of the chief executive officer.



As reported in a SEC Form 8-K before the stock market August 30, the investigation concerning these allegations determined Danks appears to have violated Regulation Fair Disclosure (Reg. FD) under the federal securities laws by disclosing material nonpublic information about the company's third quarter 2007 earnings to a third party. The investigation found no evidence that Danks disclosed this earnings information to anyone else. The company mitigated any potential misuse of the information contained in the article published on Saturday, May 5, 2007 by releasing its quarterly financial information in a press release and on SEC Form 8-K before the stock market opened on Monday, May 7, 2007.



The independent members of the iMergent's board of directors took the following actions:

• The Board of Directors accepted the resignation of Mr. Danks as chairman.


• The Board of Directors determined to impose certain requirements on Mr. Danks including requiring him to attend compliance training, restricting his communications with outside securities professionals and requiring him to disclose to the general counsel on a monthly basis the identity of any securities professionals or investors with whom he has discussed the company.


• The Board of Directors determined not to grant a salary increase to Mr. Danks and not to award him any compensation increases for at least the remainder of calendar year 2007.