Viratech Corp. (VIRA)

[moneybound24]

also Just got eMail alert from wallstreetgrapevine.com
Seems a lot of eyes are on this little gem!!

First from 'IPRE' News -- bellwetherreport.com
Now from wallstreetgrapevine.com



Jun 07, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street, NYC-Today,
wallstreetgrapevine.com, named; Riverbank Investment Corp. (OTC BB: RRBK),
Imperia Entertainment Inc. (Pink Sheets: IPRE), and Tidelands Oil & Gas Corp.
(OTC BB: TIDE); their "Stocks on the Rise."

Riverbank Investment Corp. (OTC BB: RRBK,
http://www.marketwatch.com/tools/quotes/quotes.asp?symb=rrbk&vc=&siteid=
mktw&dist=dropmenu)

Riverbank Investment Corp Makes Second Strategic Step Into Energy Market

RIVERBANK INVESTMENT CORP announced today an agreement to acquire an existing
Western Kentucky producing oil company.

CEO John Carsta said, "Acquiring an existing energy company with proven oil
reserves on 425 acres with estimated oil reserves of 250,000 barrels, will
dramatically increase the cash flow of the Company and will set the stage for
dynamic growth of Riverbank and will be very beneficial to the shareholders."
The company will be refurbishing the existing 35 plus wells and has future plans
for the drilling of new wells therefore discovering additional the oil reserves.
Riverbank believes the company is moving in the right direction in entering the
energy field as the price of oil and gas prices have skyrocket and this will
increase the value of the shares in Riverbank. CEO John Carsta stated, "I, as
well as everyone in the company am very excited about the acquisition and we
will be developing a new web site so the shareholders can see for themselves the
progress the company will be making in months to come." It is anticipated this
acquisition shall be completed within the next two weeks and the refurbishing
and the planned drilling of new oil wells shall start as early as the end of
June. Acquiring an operating oil company comes on the heels of Riverbank
entering the energy business. Revenues from the company's first oil and gas well
in Oklahoma should start coming into the company within the next 60 to 90 days.

About Riverbank.

Founded in 1996, Riverbank is a development stage investment company with
interests in mining and agricultural land in the Philippines and holds
investments in American marketable securities.

Imperia Entertainment Inc. (Pink Sheets: IPRE,
http://www.marketwatch.com/tools/quotes/quotes.asp?symb=ipre&vc=&siteid=
mktw&dist=dropmenu)

Imperia Entertainment President Issues Response to Inquiries Regarding Planned
Reverse Split

In response to numerous investor inquiries regarding the board of directors'
proposal for a reverse split to be put to a vote of shareholders at a special
meeting of shareholders on June 12, 2006, Imperia Entertainment, Inc.'s (Pink
Sheets:IPRE) president, James Hergott has issued the following statement: A
reverse split does not change the value of the company. A reverse split will
reduce the number of shares outstanding and the price will be readjusted upward
by the NASDAQ Stock Market by the same ratio as the split based on the last
market trade before the split is effected in the marketplace by NASDAQ.
Investors do not lose any value unless the market price subsequently goes down,
and that is determined by the market and could happen whether there is a split
or not. The reason for the market's reaction to the news yesterday is more
likely investor perception that the split is a bad thing or the company is not
viable. That perception is based on the fact that many companies that reverse
split do so in order to sell shares of the company. The company is a viable
company and has many film projects in development, three completed films and TV
series, and one film in post production. Imperia does not plan to do another
Regulation D Rule 504 offering, and is prohibited from doing so because in the
past twelve months it has raised the maximum allowed under Rule 504, and we have
no intention of doing another 504 offering. The board of directors believes that
the company's stock is seriously undervalued and has proposed a split to reduce
the amount of outstanding shares due to the massive dilution that was incurred
when the market price was not strong, in order to increase the liquidity of the
company's stock, make it more attractive to larger traders and institutional
investors, and position it to trade on more attractive markets than the pink
sheets. Despite all the positive developments that have been announced, such as
the completion of our second feature film, the positive reaction to it at the
Cannes Film Market, the closing of our Regulation D, Rule 504 offering and
announcement that we would not do another for at least a year, if at all, the
acquisition of another trading company to launch our new family film "Whiskers,"
and the launching of our newest mixed martial arts movie, "Never Submit," and
the positive reaction to it by sponsors, product placement advertisers, and
mixed martial arts enthusiasts, the company's stock still trades at the sub
penny level. A reverse split will correct this and allow for company expansion.

About Imperia Entertainment, Inc.

Imperia Entertainment, Inc. ( www.imperiaentertainment.com) is a company which
has emerged as a player in the area of independent film production and
distribution, once monopolized by the major film studios. In conjunction with
its distribution subsidiary, Imperia International Distribution, the company
engages in investing in and producing and distributing full-length feature
films. Along with its equity interest in the widely anticipated "All That I
Need" ( www.allthatineed.net), released in theaters last December and now on
DVD, Imperia's film properties include its feature film "Say it In Russian,"
directed by Jeff Celentano ("Primary Suspect," "Gunshy") and edited by David
Rawlins ("Saturday Night Fever"), "Brothers," by Tarquin Gotch ("Home Alone"),
"Never Submit," a movie about mixed martial arts, and the award winning
Autograph television series ( www.autograph.tv) which airs on the Colours
Television Network. Through its majority owned subsidiary, Muller Media, Inc.,
it also produces "Whiskers," by Jordan Klein ("Flipper," "Splash," "Cocoon").

Tidelands Oil & Gas Corp. (OTC BB: TIDE,
http://www.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&symb=TIDE )

Tidelands Oil & Gas Corporation Wholly Owned Subsidiary Terranova Receives
Permit Award From Comision Reguladora de Energia de Mexico ('CRE')

Tidelands Oil & Gas Corporation , announced today that TERRANOVA ENERGIA, S. de
R.L. de C.V. has been awarded a Permit by the Comision Reguladora de Energia de
Mexico ("CRE") to begin construction of the Terranova Occidente and Oriente
pipeline portions of its Burgos Hub Export/Import Project ("Project"). Permit
#G/183/TRA 2006 was formally awarded, along with "Resolucion de la CRE
#RES/104/2006," to Terranova Energia yesterday. The request for permitting was
filed with the CRE on March 18, 2005 through Tidelands' Mexican subsidiary,
Terranova Energia, S. de R.L. de C.V., and was accepted for full review by the
CRE on June 14, 2005.

The Project encompasses several integrated components inclusive of bi-
directional pipelines, an underground natural gas storage facility, an offshore
LNG regasification terminal and additional related pipelines to provide
Northeast Mexico with a viable energy infrastructure to service its residential,
industrial and commercial customers.

Terranova has also filed for a permit for an underground natural gas storage
facility to be located in Northeast Mexico, which was filed with the CRE on
August 5, 2005 and was accepted for full review on October 14, 2005. The Company
also plans to file for a permit with the CRE for its proposed LNG Regasification
Terminal to be positioned off of Mexico's coast in the Gulf waters. In addition
to the permits filed with Mexico, Tidelands is currently in the filing process
with the Federal Energy Regulatory Commission (FERC) to obtain permitting for
the U.S. (Texas) portion of its integrated natural gas pipelines.

The recently awarded Permit is for the Occidente and Oriente Sections of the
Terranova pipelines. The Occidente section will feature a 30-inch diameter
pipeline, spanning approximately 323 kilometers in length and will run from the
Brasil storage field to Nuevo Progreso, Mexico, with a proposed international
pipeline crossing into South Texas from Mexico at the Donna Station, which will
provide the opportunity for interconnects into Texas with TETCO, TGPL and Texas
Gas Services. The pipeline will also include a section that will stretch from
the Brasil storage field to Station 19 and up to Arguelles where another
proposed international pipeline crossing into South Texas is planned with
opportunities to interconnect with Houston Pipeline, Calpine and Kinder Morgan.

A 36-inch diameter pipeline spanning some 149 kilometers will characterize the
Oriente Section of the Terranova pipelines. It will run from the proposed
offshore LNG Regasification Terminal to Norte Puerto Mezquital and proceed to
the Brasil storage field. Both Terranova pipelines are designed to flow natural
gas bi-directionally between Texas and Mexico at a rate of approximately 1.2
BCFD (billion cubic feet per day).

Michael Ward, President and CEO of Tidelands Oil & Gas Corporation, said, "Over
the course of the past several years, Tidelands has aligned itself with several
of the most experienced and accomplished entities to assist us in developing our
international business ventures. Those whose efforts we have relied upon made
this Permit award possible." A compendium of select companies Tidelands has
engaged to date is delineated below.

The Company engaged the expertise of CenterPoint Energy Pipeline Services, Inc.,
per a Master Consulting Services Agreement, to operate and provide various
consulting services as required for the construction of Tidelands' integrated
gas pipelines, underground natural gas storage facility and LNG Regasification
Terminal.

Netherland Sewell & Associates, Inc., a distinguished leader in the engineering
and geological services consulting industry, has provided integrated modeling,
computer analysis and environmental/economic efficacy studies for Tidelands'
proposed underground natural gas storage facility and related surface equipment.
Geostock Group, an international engineering firm specializing in the design,
construction and operation of all types of underground storage facilities, has
provided Tidelands with the necessary parameters and scope of all surface
engineering and design work required for the construction of its proposed
underground natural gas storage facility. Both firms will continue to provide
consulting services for Tidelands as the Project unfolds.

Tidelands engaged HSBC Securities (USA) Inc., one of the world's premiere
financial organizations, to assist in the arrangement of financing for the
approximately US$1 Billion cost involved in this complex Project.

Tidelands engaged the services of Mayer, Brown, Rowe & Maw, LLP, in light of
their award-winning Mexican energy sector team, to act as sponsor's counsel for
an array of Tidelands' project financings and industry-related contracts. Ritch,
Heather y Mueller, S.C., a specialized law firm located in Mexico City, has also
been retained for their expertise and understanding of Mexican regulatory issues
and will provide Tidelands with local legal assistance and analysis regarding
its Mexico Project.

Michael Ward further commented, "The award of this Permit represents a
significant milestone in our Company's history and affirms the efficacy and
credence of our business plans. Additionally, this Permit award validates our
objectives and facilitates several business arrangements we have been eager to
expedite. Tidelands is working diligently, forging the way to break ground on
our business ventures in South Texas and Northeast Mexico. We are well
positioned to advance our business to the next level and foster the foundation
and platform we have established. I'd like to express my sincere appreciation
for the sustained support of our stellar management team, our loyal shareholders
and for everyone who has supported Tidelands in its business endeavors. We
understand and appreciate the work ahead of us and look forward to this unique
opportunity to establish ourselves as a major player in Mexico's oil and gas
infrastructure and energy commerce." About Tidelands Oil & Gas Corporation
Tidelands Oil & Gas Corporation, San Antonio, Texas, focuses its business on
international pipeline crossings, gas processing plants and gas storage
facilities. Through its nine directly and indirectly owned subsidiaries,
Tidelands offers a full suite of services and has the capability to satisfy a
wide variety of customer needs, both domestically and internationally. For more
information about the Company, please visit http://www.tidelandsoilandgas.com .

CONTACT: Tel: [phone] x 114 e-mail: [e-mail]

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