Donald L. Danks resigned as CEO and as a director; he will become a consultant to the company. Steven G. Mihaylo assumed the role of CEO and has been appointed to the board of directors. The total board count remains six members.

Todd A. Goergen, Chairman of iMergent, stated, "The board is committed to driving iMergent's long-term growth and shareholder value. We are excited to welcome Steve who will be leading our company and exploring additional revenue opportunities in small-to-medium enterprise (SME) initiatives."

"In addition, we thank Don for his valued contribution as iMergent grew from less than $50 million in 2003 annual sales to exceed $125 million in fiscal 2008 under his leadership. Don will continue to assist management as a consultant in the area of investor relations," concluded Goergen.

Mihaylo, 64, is a retired chairman and chief executive officer of Inter-Tel, Incorporated, which he founded in 1969. He led the Inter-Tel evolution from providing business telephone systems to offering complete managed services and software that help businesses facilitate communication and increase customer service and productivity. Before selling Inter-Tel to Mitel for $720 million in 2007, Mihaylo grew the business to nearly $500 million in annual sales.

IMergent Inc., an online marketing services company, has named Steven G. Mihaylo chief executive officer. He replaces Donald L. Danks, who resigned as CEO and as a director; who now becomes a consultant to the company.

He is a retired chairman/CEO of Inter-Tel Inc., which he founded in 1969 and sold to He led to Mitel for $720 million last year. He grew the business to nearly $500 million in annual sales, according to IMergent.

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