iMergent Announces Increased Line of Credit with JPMorgan Chase & Co.;

    Business Editors/High-Tech Writers

    OREM, Utah--(BUSINESS WIRE)--Feb. 9, 2005--iMergent, Inc., (AMEX:IIG) a leading provider of eCommerce and software for small businesses and entrepreneurs, announced a $10 million increase to its existing $5 million line of credit with JPMorgan Chase & Co. The agreement allows iMergent to borrow up to $15 million at the London interbank offered rate (LIBOR) plus 2 percent and extends its term three more years. The line of credit will provide accessible working capital to support the company's growth initiatives.
    Rob Lewis, chief financial officer, stated, "The increase in the line of credit with JPMorgan Chase & Co. is a vote of confidence in iMergent's profitable business model. We have been successful in executing our global growth strategy and the increased credit line offers enhanced flexibility for us to fund our capital needs at attractive rates in support of that growth."

    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; to continue a global growth strategy; the continued ability to maintain a profitable business model; the ability to maintain and or increase credit lines; the ability of the company to continue to grow; 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.

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CONTACT: iMergent, Inc. Rob Lewis, 801-431-4695 investor_relations@imergentinc.com or Lippert/Heilshorn & Associates David Barnard, 415-433-3777 (Investor Relations) David@lhai-sf.com Kirsten Chapman, 415-433-3777 (Investor Relations)

KEYWORD: UTAH INDUSTRY KEYWORD: SOFTWARE INTERNET E-COMMERCE MARKETING AGREEMENTS SOURCE: iMergent, Inc.

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