Business Briefs

Two web store companies forced to refund money

Posted August 6, 2008

— Two online companies will pay refunds after the North Carolina attorney general found they misrepresented their services and used paid testimonials.

Stores Online and I-Mergent, both based in Utah, claim to help people start their own online businesses. For an up-front investment and monthly hosting fees, the companies would help users identify a product and set up an online store.

In an agreement reached Wednesday, the companies will offer refunds, allow new customers to cancel within three days and will better outline the requirements of online selling on their Web sites.

North Carolina consumers can apply for a refund until Oct. 6, 2008, by calling 1-877-5-NO-SCAM.

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  • guitarhero522 Aug 6, 2008

    iMergent Reaches Settlement in North Carolina
    "Jeff Korn, iMergent general counsel, said, 'I want to thank the Attorney General of North Carolina, who took the time to learn and understand our business. The Office operated in good faith to recommend changes to our presentations, which helped to clarify our business practices. We are always willing to take any reasonable action that assists in making our sales practices transparent to regulators and, most importantly, our customers....'

    Don Danks, CEO, stated, “Once again, after study of our business model with StoresOnline Express and Pro, we have been able to resolve a long standing dispute. We are pleased this matter has been resolved, and we intend to return to North Carolina shortly.”

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