Five and Under

[ToshacH]

Bought some of this today, reminds me of WTER which has gone from .08 to .40 recently but WTER has ohhhh about 50 million more shares than IPTM. Trades like it has a tight float, 13.5 million O/S:

Imperial Forms Joint Venture to Market Mirage Water Fountain

Imperial Forms Joint Venture to Market Mirage Water Fountain

EVANSVILLE, Ind., Apr 19, 2001 (BUSINESS WIRE) -- Imperial Petroleum, Inc.
(OTCBB:IPTM) announced today that its wholly-owned subsidiary, Imperial
Environmental Company, has signed a Sales and Marketing Agreement with the
manufacturer of the Mirage Water Fountain to market the company's units to the
public. In connection with the marketing effort, Imperial also signed a joint
revenue sharing agreement with Donner Corporation of Irvine, California to begin
the marketing operations. The Mirage Water Fountain uses a multi-patented
design, which provides a clean, pure drinking water source from the air we
breathe. Each unit is capable of producing approximately 5 gallons of drinking
water per day under normal operating conditions at a cost less than $0.33 per
gallon depending upon local electricity rates.

Imperial Environmental will own 50% of the net cash flow from the joint venture.
Donner Corporation's internal marketing study indicates the Mirage Water
Fountain could produce sales to the joint venture of approximately 2,500 units
in the first year increasing to 100,000 units by the end of the third year. The
units sell for $895.00 each plus shipping costs.

The Mirage Water Fountain is a patented system that circulates about 280 cubic
feet of air per minute through an electrostatic air filter and through an
accelerated condensation process, produces as much as 5 gallons of pure, clean
drinking water every 24 hours. The unit will clean the air in an average home
every two hours and provide pure, clean drinking water at the same time. The
system requires no outside water connection and very little maintenance. Just
plug the unit into a standard electrical wall socket and it immediately begins
to produce fresh, clean drinking water, up to 5 gallons per day, while it
filters the air you breathe!! The Mirage Water Fountain provides fresh drinking
water for the home or office at a fraction of the cost of bottled water and
without the hassles of bottles.

"Imperial is very excited to launch this joint venture to market the Mirage
Water Fountain with Donner Corporation. The product has been in development for
5 years and is now ready for commercial production. The pre-marketing interest
in the system has been tremendous," says Jeffrey T. Wilson, CEO, Imperial
Petroleum, Inc.

Imperial Petroleum, Inc. is a diversified oil and mining company. The Company's
common stock is traded in the over-the-counter market under the symbol IPTM.

The matters discussed in this news release contain forward-looking statements
that are subject to certain risks and uncertainties including but not limited
to, risks associated with the ability of the subsidiary to attract and maintain
its client base and the ability of the joint venture to sell the product. Future
results may differ materially from those previously reported. The company
assumes no obligation to update the information in this release.


CONTACT: Imperial Petroleum, Inc.
Jeffrey T. Wilson, 812/424-7948

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KEYWORD: INDIANA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
MINING/METALS
MARKETING
AGREEMENTS

STOCK SYMBOLS: [(iptm)]