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Imperia Entertainment Board of Directors Approves Rollback of Authorized Shares to 500 Million
3:15 p.m. 06/09/2006 Provided by


BEVERLY HILLS, Calif., Jun 09, 2006 (BUSINESS WIRE) -- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that, as a result of numerous shareholder requests, its board of directors has approved an amendment to the articles of incorporation, to be approved by a majority of the outstanding shares in the shareholder meeting on June 12th, to reduce the authorized common shares to 500 million from the current 2 billion authorized shares.

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 to DVD in February, Imperia's film properties include its feature film in post production, "Say it In Russian," "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, and the award-winning "Autograph" television series ( www.autograph.tv ), which airs on the Colours Television Network. Also, through its majority owned subsidiary, Muller Media, Inc. (Pink Sheets: MLMD) Imperia produces family films, such as "Whiskers," by Jordan Klein ("Flipper," "Splash," "Cocoon").

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.