IMergent Extends Tender Offer
PHOENIX, Dec. 2, 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 extended the expiration date of its tender offer to purchase for cash up to $4,750,000 in value of shares of its common stock, $0.001 par value per share, at a price not greater than $4.75 per share nor less than $4.35 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer is now scheduled to expire at 11:59 p.m., New York City time on Friday, December 10, 2010, unless further extended. The tender offer was previously scheduled to expire at 12:00 a.m., New York City time, on Friday, December 3, 2010. All other terms and conditions of the tender offer remain unchanged.
As of the close of business on December 1, 2010, 277,797 shares of iMergent, Inc.'s common stock had been validly tendered pursuant to the tender offer.
The Depositary for the tender offer is Direct Transfer, LLC, Attn: Stock Transfer, 500 Perimeter Park Drive, Suite D, Morrisville, NC 27560. The Information Agent for the tender offer is Phoenix Advisory Partners, 110 Wall Street, 27 th Floor, New York, NY 10005. The tender offer materials may be obtained at no charge by directing a request by mail to Phoenix Advisory Partners or by calling toll-free at (800) 576-4314 or (212) 493-3910, and may also be obtained at no charge at the website maintained by the SEC at www.sec.gov. Additionally, any questions related to the tender offer may be directed to Phoenix Advisory Partners at the mailing address or telephone numbers provided above.Additional Information This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made pursuant to a Tender Offer Statement on Schedule TO, containing an offer to purchase, form of letter of transmittal and related tender offer documents, which was filed by iMergent, Inc. with the SEC on November 3, 2010, as amended. Shareholders are strongly advised to read carefully these documents, as they may be amended or supplemented from time to time, because they contain important information that shareholders should consider before any decision is made with respect to the tender offer.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV