Press release
Imperiali Inc. Announces Proposed Sale and Spin-off of its Assets
West Palm Beach, FL - April 3, 2007 – Today the management of Imperiali Inc. presented a rebirth and growth plan to the Board of Directors.Under this plan, Imperiali Inc. will form a subsidiary composed of the assets of i1search, Imperiali University, and i1connect. The terms and conditions of the plan are under review by the board and the transaction is expected to be complete by May 1, 2007.
In addition, all shareholders of record at the closing date of the transaction will receive a dividend, terms and conditions to be currently under negotiation.
This preparation will advance the business success of Imperiali Inc. and add great potential value for it shareholders, in accordance with Imperiali Inc.'s business plan.
*** This release has been created by i1connect, an independent news agency.***
About i1connect:
I1 Connect (www.i1connect.com) is the new online leader in global public relations and advertising. With a diversified set of offerings ranging from Public Relations, Press Releases Distribution, Advertising, Marketing, Website Development, to Investor Relations services, i1connect.com has positioned itself for a long term growth utilizing the latest in telecommunications technology.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the Company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the Company's periodic filings with the Securities and Exchange Commission.
For Interviews and Media Inquiries Contact
Press Department
I1connect
info@i1connect.com
www.i1connect.com
(561) 515-6177
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