(BSNS WIRE) Imperia Entertainment Issues Dividend
Imperia Entertainment Issues Dividend
Business Editors
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--July 3, 2006--
Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced
today that its board of directors has declared a stock dividend in
its subsidiary, Muller Media, Inc. For every 1000 pre-reverse split (2
post reverse split) shares of Imperia Entertainment, Inc., held on the
extended record date of July 3, 2006, a shareholder will receive one
common share of Muller Media, Inc. (Pink Sheets:MLMD). The NASDAQ
Stock Market will effect the split in the marketplace approximately
three business days after the record date. Fractional interests will
be rounded up to the nearest 1000 pre split or 2 post split shares.
Muller Media will file a registration statement with the Securities
and Exchange Commission to register the shares and the distribution
date of the shares will be the date that the registration statement is
declared effective by the SEC. Each eligible shareholder will receive
a prospectus with specific instructions on how to participate in the
distribution and receive their common shares in Muller Media.
James Hergott, President, stated, "The Company has made tremendous
strides in many different areas, including a difficult restructuring
process, and completion of its first two feature films. Our
shareholders have put tremendous faith in management during these
events and we recognize that this would not have been possible without
it." Kenneth Eade, Chairman, stated, "The dividend is a result of our
belief in Imperia and Muller Media and their future."
About Imperia Entertainment
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 "All That I Need" (www.allthatineed.net), released
in theaters last December, Imperia's film properties include its
feature film in post production, "Say it In Russian," starring Faye
Dunaway and Agata Gotova, "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.
About Muller Media, Inc.
Muller Media (www.muller-media.com), the majority owned subsidiary
of Imperia, is a film production company dedicated to the production
of high quality family feature films, with ratings of PG or G. The
company's first feature film, "Whiskers," produced by Jordan Klein
("Flipper," "Jaws," "Thunderball") is a family
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