Shalov Stone & Bonner LLP Launches New Website: www.imergentclassaction.com

Shalov Stone & Bonner LLP announces that its new website dedicated exclusively to the iMergent class action, www.imergentclassaction.com, has gone live. Important information about the lawsuit, including information on how to join the case, is available at the www.imergentclassaction.com website. Investors in iMergent securities are encouraged to visit the website to learn about their rights.

On April 1, 2005, a class action was commenced on behalf of all persons who purchased the securities of iMergent, Inc. in the period from October 26, 2004, through February 25, 2005.

The complaint alleges that the defendants made misrepresentations and omissions of material facts concerning the company's business performance during the relevant time period. According to the complaint, throughout the relevant time period, iMergent represented that it was a prospering software company while it simultaneously concealed that its sales practices violated the laws of many of the states in which it conducts business. The complaint further alleges that iMergent was concealing the full extent of the uncollectability of its installment contracts with its clients, many of which did not meet the company's own credit criteria.

According to the complaint, as a result of the defendants' false and misleading statements and omissions, iMergent's stock traded at inflated levels during the relevant period, rising above $25 per share on February 9, 2005, when the company's ranking officers and directors sold more than $6.5 million of their own shares. After the market digested this news, the company's stock declined from its class period high of over $25.00 per share on February 9, 2005, to below $12 per share on March 1, 2005, when trading was halted. The lawsuit was filed in the United States District Court for the District of Utah.

Plaintiffs are represented by the law firm of Shalov Stone & Bonner LLP, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about Shalov Stone & Bonner LLP, please visit the firm's website at: www.lawssb.com

If you would like additional information about the lawsuit, please contact Thomas G. Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 239-4340; e-mail: tciarlone@lawssb.com).

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