IMergent Switches Auditors
September 22, 2009 (FinancialWire) — iMergent, Inc. (AMEX: IIG), a provider of eCommerce software, site development, web hosting and search engine optimization for businesses and entrepreneurs, announced the appointment of Deloitte & Touche LLP (Deloitte) to serve as the company’s independent registered public accounting firm for the fiscal year starting July 1, 2009. Deloitte replaces the company’s previous independent registered public accountants, Tanner LC (Tanner).
“We have had a very positive relationship with Tanner over the years and appreciate their hard work and support,” stated Jonathan R. Erickson, chief financial officer of iMergent. “This was a difficult decision, but given our emphasis on expanding into additional business segments, we felt it was important to retain a national audit firm. We determined that Deloitte offers our shareholders the best combination of quality services and cost-efficiency. We look forward to working with their team.”
Steven G. Mihaylo, chief executive officer of iMergent, stated, “Obviously a change of auditors is not a decision we made lightly as we have been very impressed with Tanner. With the addition of our Crexendo Business Solutions division, our search engine optimization and search engine management offerings, as well as the progress made in the development of our managed network services and hosted telecom service lines, we felt now was the time to make a change. We are excited to work with Deloitte who brings extensive knowledge and accounting understanding of our current business and the additional business offerings we are adding.”
The appointment of Deloitte has been made by the company’s audit committee. The company and Tanner did not have any disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures which disagreement, if not resolved to the satisfaction of Tanner, would have caused it to make reference to the subject matter of the disagreements in connection with its report on the company’s consolidated financial statements.
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