Imergent - Stores Online ripoff Orem Utah

---

Rip-Off Report Investigation: shows that StoresOnline & iMergent is fulfilling its commitment to provide excellent customer service. Rip-off Report gives StoresOnline a POSITIVE rating in customer support and quality assurance. StoresOnline pledges to resolve complaints and address any issues from the past, present and in the future - committed to 100% satisfaction - whatever it takes say company executives.

Folks this makes me sick you need to read Imergent, Inc. Parent company of stores online FTC report for MARCH 2004 LOCATED HERE http://www.imergentinc.com/form10-q/10-Q03-31-04.PDF it inlcudes items such as page 23

RELATED PARTY TRANSACTIONS
On July 1, 2003 John J. (Jay) Poelman, retired and in connection therewith resigned as the Company's Chief Executive Officer and as a Director of the Company. Transactions with Electronic Commerce International, Inc. ("ECI"), Electronic Marketing Services, LLC. ("EMS") and Simply Splendid, LLC ("Simply Splendid") which prior to July 1, 2003 were considered related party transactions, but are not considered related party transactions for the three months and nine months
ended March 31, 2004 since Mr. Poelman was not an affiliate of the Company after July 1, 2003.
John J. Poelman was the sole owner of Electronic Commerce International, Inc. ("ECI") during the three months ended September 30, 2002. During this period, the Company purchased a merchant account solution product from ECI that provided on-line, real-time processing of credit card transactions and resold this product to its customers. Effective October 1, 2002, Mr. Poelman sold certain assets and liabilities of ECI, including ECI's corporate name and its relationship with the Company,
to an unrelated third party.

Total revenue generated by the Company from the sale of ECI merchant account solutions while ECI was a related party was $0 and $1,453,672 for the three months and the nine months ended March 31, 2003, respectively. The cost to the Company for these products and services totaled $0 and $223,716 for the three months and the nine months ended March 31, 2003 respectively.

The Company offers its customers at its Internet training workshops, and through backend telemarketing sales, certain products intended to assist the customer in being successful with their business. These products include live chat and web traffic building services. The Company utilizes Electronic Marketing Services, LLC. ("EMS") to fulfill these services for the Company's customers.

In addition, EMS provides telemarketing services, selling some of the Company's products and
services. Ryan Poelman, who owns EMS, is the son of John J. Poelman, our former Chief Executive Officer and formerly a director of the Company. The Company's commissions generated from the above products and services were $2,235,897 and $5,609,553 for the three months and the nine months ended March 31, 2003 respectively. The Company paid EMS $260,478
and $692,845 to fulfill these services during the three and nine-month periods ended March 31, 2003 respectively.

In addition, the Company had $92,094 as of June 30, 2003 recorded in accounts payable relating to the amounts owed to EMS for product and services.

The Company utilizes Simply Splendid to provide complimentary gift packages to its customers who register to attend the Company's workshop training sessions. An additional gift is sent to workshop attendees who purchase products at the conclusion of the workshop. Aftyn Morrison, who owns Simply Splendid, is the daughter of John J. Poelman, our former Chief Executive Officer, and formerly a director of the Company. The Company paid Simply Splendid $148,605 and
$273,382 to fulfill these services during the three and nine-month periods ended March 31, 2003 respectively. In addition, the Company had $22,831 as of June 30, 2003 recorded in accounts payable relating to the amounts owed to Simply Splendid for gift packages.

In each of the above-described transactions and business relationships, we believe that the terms under which business is transacted with all related parties are at least as favorable to us as would be available from an independent third party providing the same goods or services.

CAN YOU BELIEVE IT ALL THE CROOKS ARE RELATED HOW NICE KEEP SCAMMING IN THE FAMILY !!!

Ed
Daytona, Florida
U.S.A.