SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
(Amendment No....) 
...............................................................................
................................... 
(Name of Issuer) 
....................................Imergent Inc..................
.......................................................... 
(Title of Class of Securities) 
...............................................Common...........
.................................................. 
(CUSIP Number) 
.................................................45247Q100.........
.................................................. 
(Date of Event Which Requires Filing of this
 Statement) 
February 24, 2005
Check the appropriate box to designate the
 rule pursuant to which this Schedule is filed:

[ X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)



*The remainder of this cover page shall be 
filled out for a reporting person's initial filing on 
this form with respect to the subject class of 
securities, and for any subsequent amendment
 containing information which would alter the
 disclosures provided in a prior cover page.

The information required in the remainder
 of this cover page shall not be deemed to be "filed"
 for the purpose of Section 18 of the Securities
 Exchange Act of 1934 ("Act") or otherwise subject
 to the liabilities of that section of the Act but shall
 be subject to all other provisions of the Act (however,
 see the Notes).


CUSIP No.

(1)Names of reporting persons. I.R.S. Identification
 Nos. of above persons (entities only)
Goldman Capital Management Inc.
13-3279572
(2) Check the appropriate box if a member of a
 group (see instructions)
(a)
(b)

(3) SEC use only

(4) Citizenship or place of organization
New York
Number of shares beneficially owned by each
 reporting person with:
(5)Sole voting power  678100

(6)Shared voting power

(7)Sole dispositive power

(8)Shared dispositive power
(9)Aggregate amount beneficially owned
 by each reporting person
678100
(10)Check if the aggregate amount in Row
 (9) excludes certain shares (see instructions)

(11)Percent of class represented by amount
 in Row 9
5.8
(12)Type of reporting person (see instructions)
BD




Instructions for Cover Page
(1)Names and I.R.S. Identification Numbers 
of Reporting Persons---Furnish the full legal name 
of each person for whom the report is filed---i.e., each
 person required to sign the schedule itself---including
 each member of a group. Do not include the name of a
 person required to be identified in the report but who is
 not a reporting person. Reporting persons are also
 requested to furnish their I.R.S. identification numbers,
 although disclosure of such numbers is voluntary, not
 mandatory (see "SPECIAL INSTRUCTIONS FOR
 COMPLYING WITH SCHEDULE 13G", below).
(2)If any of the shares beneficially owned by 
a reporting person are held as a member of a group
 and that membership is expressly affirmed, please
 check row 2(a). If the reporting person disclaims
 membership in a group or describes a relationship
 with other person but does not affirm the existence 
of a group, please check row 2(b) [unless it is a joint
 filing pursuant to Rule 13d-1(k)(1) in which case it
 may not be necessary to check row 2(b)].
(3)The third row is for SEC internal use; please
 leave blank.
(4) Citizenship or Place of Organization---Furnish
 citizenship if the named reporting person is a natural
 person. Otherwise, furnish place of organization.
(5)-(9), (11)Aggregated Amount Beneficially 
Owned By Each Reporting Person, etc.---Rows (5)
 through (9) inclusive, and (11) are to be completed 
in accordance with the provisions of Item 4 of Schedule
 13G. All percentages are to be rounded off to the
 nearest tenth (one place after decimal point).
(10)Check if the aggregate amount reported
 as beneficially owned in row 9 does not include
 shares as to which beneficial ownership is
 disclaimed pursuant to Rule 13d-4 under the 
Securities Exchange Act of 1934.
(12)Type of Reporting Person---Please
 classify each "reporting person" according to
 the following breakdown (see Item 3 of Schedule
13G) and place the appropriate symbol on the form:


Category
Symbol 
Broker Dealer
BD 
Bank
BK 
Insurance Company
IC 
Investment Company
IV 
Investment Adviser
IA 
Employee Benefit Plan or Endowment Fund
EP 
Parent Holding Company/Control Person
HC 
Savings Association
SA 
Church Plan
CP 
Corporation
CO 
Partnership
PN 
Individual
IN 
Other
OO 



Notes:

Attach as many copies of the second part of 
the cover page as are needed, one reporting person
 per page.

Filing persons may, in order to avoid
 unnecessary duplication, answer items on the
 schedules (Schedule 13D, 13G, or 14D-1) by
 appropriate cross references to an item or items
 on the cover page(s). This approach may only be
 used where the cover page item or items provide
 all the disclosure required by the schedule item.
 Moreover, such a use of a cover page item will
 result in the item becoming a part of the schedule
 and accordingly being considered as "filed" for
 purposes of Section 18 of the Securities Exchange
 Act or otherwise subject to the liabilities of that 
section of the Act.

Reporting persons may comply with their 
cover page filing requirements by filing either 
completed copies of the blank forms available from
 the Commission, printed or typed facsimiles, or
 computer printed facsimiles, provided the
 documents filed have identical formats to the forms
 prescribed in the Commission's regulations and
 meet existing Securities Exchange Act rules as to 
such matters as clarity and size (Securities Exchange
 Act Rule 12b-12). 





SPECIAL INSTRUCTIONS FOR COMPLYING
 WITH SCHEDULE 13G 

Under Sections 13(d), 13(g), and 23 of the
 Securities Exchange Act of 1934 and the rules
 and regulations thereunder, the Commission is
 authorized to solicit the information required to be 
supplied by this schedule by certain security holders
 of certain issuers. 

Disclosure of the information specified in
 this schedule is mandatory, except for I.R.S. identification
 numbers disclosure of which is voluntary. The information
 will be used for the primary purpose of determining and
disclosing the holdings of certain beneficial owners of
 certain equity securities. This statement will be made
 a matter of public record. Therefore, any information 
given will be available for inspection by any member
 of the public. 

Because of the public nature of the information,
 the Commission can utilize it for a variety of purposes,
 including referral to other governmental authorities or
 securities self-regulatory organizations for investigatory
 purposes or in connection with litigation involving the 
Federal securities laws or other civil, criminal or 
regulatory statues or provisions. I.R.S. identification
 numbers, if furnished, will assist the commission in
 identifying security holders and, therefore, in promptly
 processing statements of beneficial ownership of
 securities. 

Failure to disclose the information requested
 by this schedule, except for I.R.S. identification 
numbers, may result in civil or criminal action
 against the persons involved for violation of the
 Federal securities laws and rules promulgated
 thereunder. 





General Instructions 
Statements filed pursuant to Rule 13d-1(b)
 containing the information required by this schedule 
shall be filed not later than February 14 following the
 calendar year covered by the statement or within the
 time specified in Rules 13d-1(b)(2) and 13d-2(c).
 Statements filed pursuant to Rule 13d-1(c) shall be
filed within the time specified in Rules 13d-1(c), 
13d- 2(b) and 13d-2(d). Statements filed pursuant
to Rule 13d-1(d) shall be filed not later than February
 14 following the calendar year covered by the
 statement pursuant to Rules 13d-1(d) and 13d-2(b).

Information contained in a form which is 
required to be filed by rules under Section 13(f) for
 the same calendar year as that covered by a 
statement on this schedule may be incorporated
 by reference in response to any of the items of this 
schedule. If such information is incorporated by
 reference in this schedule, copies of the relevant
 pages of such form shall be filed as an exhibit to 
this schedule.

The item numbers and captions of the items 
shall be included but the text of the items is to be omitted.
 The answers to the items shall be so prepared as to
 indicate clearly the coverage of the items without
 referring to the text of the items. Answer every item.
 If an item is inapplicable or the answer is in the
 negative, so state.




Item 1.

Item 1(a) Name of issuer: Imergent Inc.
Item 1(b) Address of issuer's principal 
executive offices: 754 East Technology Ave.  
Orem UT 84097


Item 2.

2(a) Name of person filing: Goldman Capital 
Management Inc.
2(b) Address or principal business office or,
 if none, residence:220 East 42nd St. New York NY 10017
2(c) Citizenship: US
2(d) Title of class of securities: Common
2(e) CUSIP No.:45247Q100


Item 3.

If this statement is filed pursuant to Rules 
13d-1(b), or 13d-2(b) or (c), check whether the person 
filing is a: 
[X ] Broker or dealer registered under Section 
15 of the Act.

[ ] Bank as defined in Section 3(a)(6) of the Act.

[ ] Insurance company as defined in Section
 3(a)(19) of the Act.

[ ] Investment company registered under Section
 8 of the Investment Company Act of 1940.

[ ] An investment adviser in accordance with Rule
 13d-1(b)(1)(ii)(E);

[ ] An employee benefit plan or endowment fund
 in accordance with Rule 13d-1(b)(1)(ii)(F); 
[ ] A parent holding company or control person
 in accordance with Rule 13d-1(b)(1)(ii)(G);

[ ] A savings associations as defined in Section 
3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

[ ] A church plan that is excluded from the definition
 of an investment company under section 3(c)(14) of the
 Investment Company Act of 1940;

[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).




Item 4. Ownership

Provide the following information regarding the
 aggregate number and percentage of the class o
f securities of the issuer identified in Item 1. 
Amount beneficially owned: 678100

Percent of class 5.8

Number of shares as to which such person has:

Sole power to vote or to direct the vote 678100

Shared power to vote or to direct the vote

Sole power to dispose or to direct the disposition of

Shared power to dispose or to direct the
 disposition of


Instruction. For computations regarding securities
 which represent a right to acquire an underlying security
 see Rule 13d-3(d)(1). 



Item 5.

Ownership of 5 Percent or Less of a Class. If this
 statement is being filed to report the fact that as of the
 date hereof the reporting person has ceased to be the
beneficial owner of more than 5 percent of the class of 
securities, check the following [ ].

Instruction. Dissolution of a group requires a 
response to this item. 



Item 6. Ownership of More than 5 Percent on 
Behalf of Another Person

If any other person is known to have the right to 
receive or the power to direct the receipt of dividends
 from, or the proceeds from the sale of, such securities, 
a statement to that effect should be included in response
 to this item and, if such interest relates to more than 5
 percent of the class, such person should be identified. A
 listing of the shareholders of an investment company
 registered under the Investment Company Act of 1940
 or the beneficiaries of employee benefit plan, pension
 fund or endowment fund is not required. 
N/A


Item 7. Identification and Classification of the 
Subsidiary Which Acquired the Security Being Reported
 on by the Parent Holding Company or Control Person.

If a parent holding company or control person has
 filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so
 indicate under Item 3(g) and attach an exhibit stating the
 identity and the Item 3 classification of the relevant subsidiary.
 If a parent holding company or control person has filed this
 schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach
 an exhibit stating the identification of the relevant subsidiary. 
N/A


Item 8. Identification and Classification of
 Members of the Group

If a group has filed this schedule pursuant to
 Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and 
attach an exhibit stating the identity and Item 3 classification
 of each member of the group. If a group has filed this
 schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
 attach an exhibit stating the identity of each member 
of the group. 
N/A


Item 9. Notice of Dissolution of Group

Notice of dissolution of a group may be furnished
 as an exhibit stating the date of the dissolution and that
 all further filings with respect to transactions in the security
 reported on will be filed, if required, by members of the
 group, in their individual capacity. See Item 5. 
N/A


Item 10. Certifications 
The following certification shall be included if 
the statement is filed pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my
 knowledge and belief, the securities referred to above
 were acquired and are held in the ordinary course of 
business and were not acquired and are not held for the
 purpose of or with the effect of changing or influencing 
the control of the issuer of the securities and were not 
acquired and are not held in connection with or as a
 participant in any transaction having that purpose or effect.
The following certification shall be included if the 
statement is filed pursuant to Rule 13d-1(c):
By signing below I certify that, to the best of my
 knowledge and belief, the securities referred to above
 were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control
 of the issuer of the securities and were not acquired and 
are not held in connection with or as a participant in any
 transaction having that purpose or effect.




Signature. Neal I Goldman

After reasonable inquiry and to the best of my
 knowledge and belief, I certify that the information set 
forth in this statement is true, complete and correct.


Dated February 28, 2005


Signature Neal I Goldman


Name/Title Neal I Goldman  President



The original statement shall be signed by each
 person on whose behalf the statement is filed or his
 authorized representative. If the statement is signed 
on behalf of a person by his authorized representative
 other than an executive officer or general partner of the
 filing person, evidence of the representative's authority
 to sign on behalf of such person shall be filed with the
 statement, provided, however, that a power of attorney 
for this purpose which is already on file with the Commission
 may be incorporated by reference. The name and any title 
of each person who signs the statement shall be typed or
 printed beneath his signature.


Note: Schedules filed in paper format shall 
include a signed original and five copies of the schedule,
 including all exhibits. See Rule 13d-7 for other parties for
 whom copies are to be sent. 



Attention: Intentional misstatements or omissions 
of fact constitute Federal criminal violations (see 18 U.S.C. 
1001). 


Regulatory History

43 FR 18499, April 28, 1978, as amended at 
43 FR 55756, Nov. 29, 1978; 44 FR 2148, Jan. 9, 1979;
 44 FR 11751, March 2, 1979; 61 FR 49957, 49959, Sept.
 24, 1996; 62 FR 35338, 35340, July 1, 1997; 63 FR 2854, 
2867, Jan. 16, 1998, as corrected at 63 FR 15286, 15287,
 March 31, 1998

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