Web Hosting E-Commerce Firm, iMergent, Amps Fiscal Guidance

Updated on Wednesday, April 4th, 2007 at 10:06 am

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Orem, Utah - (Cheap Web Hosting Directory) - April 4, 2007 - E-commerce web host, e-commerce software and services provider for small businesses and entrepreneurs, iMergent, Inc., has increased its Net Dollar Volume of Contracts Written (NDVCW) for its fiscal year ending June 30, 2007.

Don Danks, Chairman and Chief Executive Officer remarked, Since reporting our fiscal second quarter results in early February, we have experienced better than expected demand for our StoresOnline Pro software. Finally, the launch of our ninth sales team is helping us to capture more of the rising demand in the eCommerce marketplace and is driving further growth in our NDVCW.

According to the company, it defines NDVCW as the gross dollar amount of contracts executed during the period less estimates for bad debts, discounts incurred on sales of trade receivables, and estimates for customer returns. Although NDVCW is not a U.S. generally accepted accounting principle (GAAP) metric, the company believes NDVCW is a consistent and relevant metric to understand the operations of the company. Management now expects NDVCW to grow approximately 45 percent to 50 percent over fiscal 2006 NDVCW of $99.8 million. Management previously expected NDVCW growth to be 40 percent over the prior years NDVCW.

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.

To learn more about iMergent, please visit: www.imergentinc.com.

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