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Orem, Utah - (Cheap Web Hosting Directory) - September 26, 2007 - E-commerce web host, software and services provider for small businesses and entrepreneurs, iMergent, Inc., has entered into a memorandum of understanding (MOU) regarding settlement of all claims related to a consolidated class action litigation against the company.

The initial class action suit was filed on March 8, 2005 and subsequently certified a class action by the U.S. District Court for the District of Utah. iMergent and the plaintiffs have notified the court of the MOU and will be filing a stipulation of settlement seeking court approval of the terms. The MOU calls for a payment of $2.8 million to the class plaintiffs, which amount is within policy limits of, and is expected to be paid through, the directors and officers’ insurance policy maintained by iMergent. Therefore, this settlement is not expected to impact the company’s operating results. iMergent denies liability in the matter.

As reported in a Form 8-K filed with the SEC before the stock market opened today, the MOU is subject to certain contingencies which require court approval. The parties have not filed a formal stipulation seeking approval but expect to do so within the next month. The court has not yet scheduled a hearing on this matter.

Earlier this month, iMergent’s board of directors, has issued a directive to increase the company’s quarterly cash dividend from $0.10 per share to $0.11 per share on the company’s common stock. In addition, the board declared that the dividend, which was previously paid semi-annually, will now be paid quarterly. The record date will be the twentieth day of the last month of each quarter and the payment date will be on the twenty-ninth day of the last month of each quarter. The next dividend will be paid on September 29, 2007 to stockholders of record on September 20, 2007.

The company also appointed Todd A. Goergen as non-executive Chairman of the Board of Directors, while Donald L. Danks remains as Chief Executive Officer and Director. iMergent provides eCommerce solutions to entrepreneurs and small businesses, designed to enable marketing and selling business products or ideas via the Internet. Headquartered in Orem, Utah, the company sells its proprietary StoresOnline software and training services, developed to help users build a successful Internet strategy to market products, accept online orders, analyze marketing performance, and manage pricing and customers. In connection with Internet software, iMergent also offers website development, website hosting, marketing and mentoring products and services. iMergent typically reaches its target audience through concentrated direct marketing efforts to fill Preview Sessions, in which a StoresOnline expert reviews the product opportunities and costs. The sessions lead to a follow-up Workshop Conference, where experts train potential users on the software and services and encourage them to make purchases.

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