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IMergent Appoints Clint Sanderson President And COO And Steve Mihaylo Chairman Of The Board Of Directors

TEMPE, Ariz., Nov. 12, 2010 (GLOBE NEWSWIRE) -- iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce software, site development, web hosting and search engine optimization for businesses and entrepreneurs today announced that it has appointed Clint Sanderson as its President and Chief Operating Officer (COO). The Board of Directors also voted to name Steven G. Mihaylo as Chairman of the Board of Directors in addition to his role as Chief Executive Officer.

Sanderson, 39, has been a member of the iMergent management team since 2002, serving in roles of increasing responsibility, and has served as President of the StoresOnline and Crexendo divisions since February 2009. Prior to joining StoresOnline, Sanderson served as director of sales for two enterprise software companies.  Sanderson also serves on the Board of Directors of the American Lung Association of Utah and is a member of the Utah chapter of the Young Presidents Organization (YPO).  Sanderson received a Bachelor of Science Degree in business from Brigham Young University.

Steven G. Mihaylo, iMergent's chief executive officer, stated, "I have worked closely with Clint since I joined iMergent two years ago and he has been a full partner in working with our entire management team to transform the Company's StoresOnline division to a Software as a Service (SaaS) model.  The board's decision to elevate Clint to president and Chief Operating Officer is well earned and I support it fully. I am looking forward to working with Clint in the future to execute our plans to broaden the delivery of the Company's web software tools and web marketing services worldwide and the planned introduction of our telecommunications services and related network services, in the first quarter of 2011, to enterprise customers. It is my belief that the execution of these plans will lead to increased shareholder value in 2011 and beyond."

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