Institute Doubts Free Lunch

MEDIA RELEASE

Institute doubts free lunch

iNetSeminars is hosting free seminars around the country in late May. The glossy invitation features company president Brandon Lewis who promises you’ll learn how to meet your financial goals by building a web-based business at home. iNetSeminars is the latest front-name used by troubled US-based website company iMergent. iMergent made promotional tours in here in 2002 and 2004 trading as StoresOnline.

Lewis and iMergent face at least five court cases in theUnited States. In February the Texas Attorney General filed a case alleging iMergent misled customers about the services they were buying, misrepresented the income potential from the websites and failed to meet local disclosure laws. There are also at least four class actions lodged this year by dissatisfied shareholders. iMergent has promised to “defend these actions vigorously”.

After the Texas case was lodged, iMergent started a marketing blitz in Australia and New Zealand. The Western Australian government is investigating its activities.

Consumers’ Institute has twice warned kiwis to have nothing to do with iMergent’s over-priced service. “We stand by that warning”, said David Russell the Institute’s chief executive. “Not only is the service no good, you’ll be dealing with a company that is in serious legal trouble. You’re better off finding a good local web developer than helping a questionable American corporation pay its lawyers”.

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