iMergent Announces Adjusted Quarterly Dividend
December 19 2008 - 4:05PM
Business Wire
iMergent, Inc., (AMEX:IIG) a leading provider of eCommerce software
for small businesses and entrepreneurs, announced its board of
directors has declared an adjusted quarterly dividend of $0.02 per
share on the company�s common stock. The dividend is payable on
January 20, 2009 to stockholders of record at the close of business
on January 5, 2009. �In light of the current volatility in the
financial markets, we felt it was important to review our strategic
use of cash,� stated Steven G. Mihaylo, chief executive officer of
iMergent. �At this time, we believe the most effective use of cash
in the current economic environment is to continue our share
repurchase program, which was commenced in August 2006.
Accordingly, we adjusted the quarterly dividend from $0.11 per
share to $0.02. About iMergent iMergent provides eCommerce
solutions to entrepreneurs and small businesses enabling them to
market and sell their business products or ideas via the Internet.
Headquartered in Orem, Utah, the company sells its proprietary
StoresOnline software and training services, which help users build
successful Internet strategies to market products, accept online
orders, analyze marketing performance, and manage pricing and
customers. In addition to software, iMergent offers website
development, web hosting and marketing products. iMergent typically
reaches its target audience through a concentrated direct marketing
effort to fill Preview Sessions, in which a StoresOnline expert
reviews the product opportunities and costs as well as offers
StoresOnline Express for sale. These sessions lead to a follow-up
Workshop Conference, where product and technology experts train
potential users on the software and sell upgrades to StoresOnline
Pro and StoresOnline Platinum. iMergent, Inc. and StoresOnline 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 the likely
benefits of a more efficient use of the company�s cash and the
possibility of common stock repurchases by the Company. You are
cautioned not to place undue reliance on our forward-looking
statements. We do not undertake any obligation to publicly update
any forward-looking statements to reflect events, circumstances or
new information after this press release, or to reflect the
occurrence of unanticipated events.
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