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Imperiali Inc. Receives Report from Management

04-27-2007 04:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Imperiali Inc.

West Palm Beach, FL – April 25, 2007 – Today, Imperiali Inc announced that management has gathered preliminary information pertaining to the related recommendations of its three divisional spinouts, i1connect, Imperiali Telecom, and i1tv.
Imperiali Organization, a subsidiary of Imperiali Inc., will still be left with additional assets. The three proposed spinouts that were recommended by management have now been preliminarily evaluated by the management team.
The preliminary potential valuation suggested by management to the Board of Directors is as follows:
i1connect, i1search, and Imperiali World University collectively and combined as the new i1connect could have a potential value of approximately $40mm.
In addition, Imperiali Telecom could have a potential valuation of $500 million, based upon intellectual property and agreements in the areas of telecommunications infrastructure and landing party agreements.
Previously, Imperiali Inc., formerly New Millennium Development Group, had landing partners in 70 countries worldwide, and signed Memorandums of Understanding in 30 countries.
Bank of America's preliminary evaluation of the company, at that time, was approximately $1.5 billion for that network, and management collectively combined South America and Europe for approximately $5 billion in total valuation. Based upon the reimplementation of a network, which is undisclosed for proprietary reasons and protection of Imperiali's plan, the management suggests a potential value in excess of $500 million.
In addition, the further recommendation from management concerning the spinout of i1tv Broadcast and Entertainment, which includes the assets of: the broadcast equipment assets, a global platform of agents and affiliates around the world , to be setup on its video conferencing center, the ownership of the movie, The Red Worm, which has suggested potential revenues of approximately $700 million worldwide, and a reality TV show called America's Next President.
The reality TV show has had interest from national networks, which could also generate, potentially, tens of millions of dollars in revenues. This combined asset of i1tv Broadcast and Entertainment, based upon management's recommendation, could have a potential value of $25mm.
While these valuations are only estimates , and have only been recommended to the Board of Directors and Investment Committee, further due diligence will take place to firm up and complete the valuations of each individual business unit. The collective potential management estimated value of the three spin-offs is $565 million US Dollars.
Imperiali Inc. has approximately 34 million shares issued and outstanding and will file with the SEC for a public registration. The company has approximately 500 shareholders and approximately $14 mm in cash invested in assets.
The management feels that the approximate valuation is an outstanding ROI (Return on Investment) and will continue to work to realize such valuation for the benefits of the company and its shareholders.

About Imperiali Inc. ( www.imperialiinc.com/ )
Imperiali Inc. is a global business development company (BDC), a specific type of closed-end investment company as defined by the Securities and Exchange Commission (SEC). Imperiali Inc. focuses its investment strategy on small cap companies with potential to grow globally in the areas of telecommunications, biotechnology, and energy. In addition, Imperiali Inc. has positioned itself to be a major infrastructure and project management organization.

For Interviews and Media Inquiries Contact
Press Department
I1connect
info@i1connect.com
www.i1connect.com
(561) 515-6177

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