iMergent, Inc. Announces Name Change, New Ticker Symbol and Results of Annual Meeting Held on May 17, 2011
May 18 2011 - 5:30PM
iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce
software, site development, web hosting and search engine
optimization for businesses and entrepreneurs, today announced the
results for our annual meeting of stockholders, whereby our
stockholders were asked to vote on the following proposals:
1. To elect three Class II directors, each
for a term of two years, expiring at our annual meeting of
stockholders to be held during 2013 or until a successor has been
duly elected and qualified;
2. To consider and act upon a proposal
to approve an amendment to our 2003 Equity Incentive Plan (the
"Plan") to increase the number of shares available for issuance in
connection with the options or other awards granted under the Plan
by 1,000,000 shares, from 2,000,000 shares to 3,000,000 shares;
3. To consider and vote upon a proposal
to amend our Certificate of Incorporation, as amended to date, to
change the name of our company from "iMergent, Inc." to "Crexendo,
Inc."; and
4. To consider and vote upon a proposal
to ratify the appointment of Deloitte & Touche LLP as our
independent registered public accounting firm for our year ending
December 31, 2011.
Each of the proposals set forth above were approved by our
stockholders and received the requisite number of votes to approve
the proposed actions. Additionally, the Company announced that
effective with the opening of trading on May 23, 2011: (i) its new
trading symbol on the NYSE – AMEX exchange will be (AMEX:EXE), and
(ii) its corporate name will change to Crexendo, Inc.
About iMergent
iMergent provides eCommerce solutions to entrepreneurs and
businesses enabling them to market and sell their business products
or ideas via the Internet. The company sells its proprietary
software and training services which help users build Internet
strategies to allow entrepreneurs and businesses to market and sell
their products, accept online orders, analyze marketing performance
and manage pricing and customers over the Internet. In addition to
software and training, iMergent offers site development, web
hosting and search engine optimization (SEO). iMergent,
StoresOnline and Crexendo Business Solutions, Inc. are trademarks
of iMergent, Inc.
CONTACT: iMergent, Inc.
Steven G. Mihaylo, CEO
775-530-3955
Stevemihaylo@imergentinc.com
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