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Orem, Utah - (Cheap Web Hosting Directory) - November 1, 2007 - E-commerce web host, software and services provider for small businesses and entrepreneurs, iMergent, Inc., has reached an agreement with the Utah Division of Consumer Protection, with the petition requesting registration as a business opportunity withdrawn.

As part of the agreement, the company agreed to disclosures intended to clarify the company’s business model. Jeffery Korn, General Counsel for iMergent remarked, ”I want to thank the Utah Division of Consumer Protection and, in particular, Francine Giani, executive director of the Utah Department of Commerce. While we have had a protracted disagreement about the applicability of regulations, we were able to sit down and have an open and honest discussion. Francine was willing to roll up her sleeves and work on an agreement that provides additional and useful disclosures to iMergent’s customers and provide the protections the division sought.”

Donald Danks, CEO of iMergent added, ”Throughout this process, we have been confident the matter would be resolved amicably. We have continued to focus on growing our business and returning value to our shareholders. Nonetheless, we are thrilled to have put this issue to rest.”

Mr. Korn added, ”I hope this resolution shows the intent of the company to act in good faith to resolve any outstanding issues with any regulatory authority. The company will continue to work to make its business transparent to both regulators and, most importantly, our customers.”

In other litigation, the company recently reported that the Federal Court of Australia New South Wales District Registry ruled on a request for an injunction by the Australian Competition and Consumer Commission (ACCC). The court declined to enter an injunction that would bar iMergent from conducting business in Australia. The court, on a temporary basis, did not limit the company’s ability to conduct business in Australia but did require the company to provide information to the ACCC and provide certain disclosures to purchasers. The court has directed the parties to agree on the form of the orders giving effect to reasons by the court, by October 26, 2007. The court has not yet scheduled a hearing on the request for a permanent injunction. Consequently, the company is proceeding with the scheduled workshops in Australia during the week of October 22, 2007. The company expects to fully comply with the orders of the court.

On October 16, 2007, the company received an order from the California Court of Appeals dated October 12, 2007 that denied the writ of supersedeas filed with the California Court of Appeals. The writ was filed in an attempt to stay enforcement of the preliminary injunction entered by the Ventura County Superior Court on the grounds that the preliminary injunction constitutes a mandatory injunction mandating such a stay. The denial was without explanation and does not affect any right of the company to appeal the underlying ruling or the actual entry of the injunction.

For more information about iMergent, please visit: www.imergentinc.com.

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