iMergent Extends Tender Offer
02 Dezember 2010 - 2:30PM
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 extended the expiration date of its tender offer to purchase
for cash up to $4,750,000 in value of shares of its common stock,
$0.001 par value per share, at a price not greater than $4.75 per
share nor less than $4.35 per share, net to the seller in cash,
less any applicable withholding taxes and without interest. The
tender offer is now scheduled to expire at 11:59 p.m., New York
City time on Friday, December 10, 2010, unless further extended.
The tender offer was previously scheduled to expire at 12:00 a.m.,
New York City time, on Friday, December 3, 2010. All other terms
and conditions of the tender offer remain unchanged.
As of the close of business on December 1, 2010, 277,797 shares
of iMergent, Inc.'s common stock had been validly tendered pursuant
to the tender offer.
The Depositary for the tender offer is Direct Transfer, LLC,
Attn: Stock Transfer, 500 Perimeter Park Drive, Suite D,
Morrisville, NC 27560. The Information Agent for the tender offer
is Phoenix Advisory Partners, 110 Wall Street, 27th Floor, New
York, NY 10005. The tender offer materials may be obtained at no
charge by directing a request by mail to Phoenix Advisory Partners
or by calling toll-free at (800) 576-4314 or
(212) 493-3910, and may also be obtained at no charge at the
website maintained by the SEC at www.sec.gov. Additionally, any
questions related to the tender offer may be directed to Phoenix
Advisory Partners at the mailing address or telephone numbers
provided above.
Additional Information
This press release is neither an offer to purchase nor a
solicitation of an offer to sell securities. The tender offer is
being made pursuant to a Tender Offer Statement on Schedule TO,
containing an offer to purchase, form of letter of transmittal and
related tender offer documents, which was filed by iMergent, Inc.
with the SEC on November 3, 2010, as amended. Shareholders are
strongly advised to read carefully these documents, as they may be
amended or supplemented from time to time, because they contain
important information that shareholders should consider before any
decision is made with respect to the tender offer.
The Tender Offer Statement on Schedule TO and related materials
may be obtained at no charge by directing a request by mail to
Phoenix Advisory Partners or by calling toll-free at
(800) 576-4314 or (212) 493-3910, and may also be
obtained at no charge at the website maintained by the SEC at
www.sec.gov. Additionally, any questions related to the tender
offer may be directed to Phoenix Advisory Partners at the mailing
address or telephone numbers provided above.
About iMergent
iMergent provides eCommerce solutions to entrepreneurs and
businesses enabling them to market and sell their business products
or ideas via the Internet. The company sells its proprietary
software and training services which help users build 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 the expected timing of the completion of the
tender offer. Shareholders are cautioned not to place undue
reliance on these forward-looking statements. Actual results could
differ materially from those currently anticipated due to a number
of risks and uncertainties.
Risks and uncertainties related to the tender offer that could
cause results to differ from expectations include: uncertainties as
to the timing of the completion of the tender offer; uncertainties
as to how many of iMergent Inc.'s shareholders will tender their
shares in the tender offer; and the risk of shareholder litigation
in connection with the tender offer.
CONTACT: iMergent, Inc.
Steven G. Mihaylo
(775) 530-3955
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