Value Microcaps Motherboard

[mikeo56]

Imperial Industries, Inc. Reverse Split Delayed Until March 23, 2005 Under New Trading Symbol 'IMPL'
PR Newswire - March 22, 2005 11:31

POMPANO BEACH, Fla., March 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Imperial Industries, Inc. (OTC Bulletin Board: IPII) announced today that a reverse stock split of the Company's common stock at a ratio of one-for-four will now become effective after the close of business on March 22, 2005, rather than March 18, 2005 as previously announced. The delay is due to a miscommunication from the Company to The Nasdaq Stock Market.

The Company's common stock after the reverse stock split will continue to trade on the OTC Bulletin Board adjusted for the reverse split on Wednesday March 23, 2005 under the new trading symbol IMPL.

Imperial Industries, Inc., a building products company, sells products throughout the Southeastern United States with facilities in the States of Florida, Georgia, Mississippi and Alabama. The Company is engaged in the manufacturing and distribution of stucco, plaster and roofing products to building materials dealers, contractors and others through its subsidiaries, Premix-Marbletite Manufacturing Co. and Acrocrete, Inc. The Company, through its subsidiary Just-Rite Supply, Inc., is engaged in the distribution of the Company's manufactured products, as well as gypsum, roofing, insulation and masonry products manufactured by other companies. See our website at http://www.imperialindustries.com for more information about the Company