SOURCE: Imperia Entertainment, Inc.

June 12, 2008 21:12 ET

Imperia Entertainment CEO Issues Letter of Update to Shareholders

MONTE-CARLO, MONACO--(Marketwire - June 12, 2008) - Imperia Entertainment, Inc.'s (PINKSHEETS: IMPN) CEO has issued a letter to shareholders, mailed to its shareholders, as follows:

June 12, 2008

Dear Shareholders,

Imperia Entertainment has come a long way since I became CEO in January of this year. From a fledgling production company to a company with solid financing and corporate foundation with an emphasis on film production and distribution. We have succeeded in restructuring the company with an emphasis on shareholder investment growth, and have sealed the float and outstanding stock at current levels by agreement with our warrant holders, and lock-up agreements with large shareholders to promote price per share growth for the benefit of our shareholders.

Our company has had the good fortune of being invited to the Monte-Carlo Television Festival, where the festival has hosted a gala "avant-premiere" of our feature film, "Say It in Russian," attended by international stars, members of the press and the general public. The company and the cast of the film were also received by the Monaco government and H.S.H. Prince Albert II of Monaco. Reuters and AP have distributed photos of our event throughout the world (http://search.us.reuters.com/query/?s=USPHOTOS&q=agata+gotova&srch_Tab=1&srch_Results=0&srch_MoreResults=0), we have been featured in international magazines, and this publicity is a great impetus for the special platform screening we have planned for distributors in July.

Our model incorporates experienced management: me, with over 15 years running film production companies; George Ivakhnik, with investment banking, finance and merger and acquisitions experience, and an in-house securities legal department.

Alongside the traditional relationship based approach to wholesale film content distribution, the company is dedicated to keeping up with advances in technology and will store its library digitally, keeping up with the rapidly growing technological advances for digital film distribution and Internet to television distribution, including such technological possibilities as "white space" utilization. See http://arstechnica.com/news.ars/post/20061013-7979.html, http://arstechnica.com/articles/paedia/hardware/white-space.ars, http://www.wirelessinnovationalliance.org/, http://www.wirelessinnovationalliance.org/index.cfm?objectid=A68312B7-F1F6-6035-BF44B59533A5B275, http://www.msnbc.msn.com/id/24777972/

Our finance model is inspired by the post war Japanese "Keiretsu," utilized in large organizations such as Mitsubishi and Toyota. The IFDC Keiretsu is centered around one venture capital fund, Independent Film Development Corporation, which has the ongoing potential to lend management support and financial guarantees to its two portfolio companies: Signature Entertainment, LLC, a film distribution company with over 23 years management experience in acquisitions and marketing of independent film; and Imperia, which, in conjunction with Signature, is developing a multi-class $25 million film fund, Imperia Film Fund, LLP.

We hope that you will continue to grow and prosper with Imperia as we launch our company into the next level of film production and distribution.

Capital Pros Network invites all investors to join an open forum conference call scheduled for Thursday, June 19th at 1:30 p.m. Pacific Time.

Dial-in Number: (605) 990-0700

Access Code: 913230

Sincerely yours,

Jeff Ritchie,
Chief Executive Officer

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc.'s (www.imperiaentertainment.com) plan of operations emphasizes three main areas of film production and finance; Co-financing projects with A-List talent attached, acquiring product in the development stage, and its own film production. This, coupled with film distribution through Signature Entertainment, LLC, makes up the new revenue model for the Company. The Company will emphasize not only new projects with A-List talent attached, but also its own library of feature films and television programming, including, "Say It In Russian" starring Faye Dunaway, the award-winning "Autograph" television series, "The New Three Stooges," and seven other television movies. Interested parties can join daily investors' roundtable discussions with management at 1:30 p.m. Pacific Time, daily, by calling 1-605-990-0700, and entering access code 444636#.

ABOUT SIGNATURE ENTERTAINMENT

Signature Entertainment, LLC, is a film distribution company, specializing in the marketing and sales of independent films. Signature's management has a marketing and sales staff with over 23 years collective experience in identifying, producing, marketing and selling filmed entertainment. The majority of Signature's business operates in a small, low risk, and profitable segment of the entertainment industry that connects the independent filmmakers and distribution outlets.

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.

Contact Information

  • Contact:
    Imperia Entertainment, Inc.
    George Ivakhnik
    310-275-0089
    Email Contact

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