openPR Logo
Press release

Imperiali Organization and its Founder Daniel Imperato Announces Recommendations to Imperiali Inc.

08-22-2007 06:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Imperiali Organization

/ PR Agency: i1connect
Imperiali Organization and its Founder Daniel Imperato Announces Recommendations to Imperiali Inc. Board of Directors and Investment Advisory Committee

West Palm Beach, Fl – August 20, 2007 - Imperiali Organization announced today that it has made recommendations to the Board of Directors of Imperiali Inc. pertaining to issues and comments in accordance with the SEC’s third round of questioning that has taken place in relationship to Imperiali Inc. becoming a publicly traded company.

Imperiali Organization prepared a valuation document on the i1search and i1connect projects and assisted Imperiali Inc., its CFO Charles Fiscina, and its CCO (Chief Compliance Officer) John Chaplik, with responding to the SEC. Imperiali Organization uncovered a few mistakes pertaining to the issuance of preferred shares, the conversion of those preferred shares, and validated that the transaction took place prior to BDC designation. Imperiali Organization also identified a few typographical errors that were corrected. The valuation document, which justifies the values, has been completed and submitted to the auditors, signed off on by the auditors, and submitted to the SEC on EDGAR and in writing.

These responses were to keep Imperiali Inc. in compliance with the due diligence process of the SEC. Imperiali Inc. will proceed forward with its plans and continue to begin to prepare its S-1 registration statement and additional funding.

In accordance with these events and SEC inquiries, Imperiali Organization has recommended the following to the Board of Directors of Imperiali Inc. and the Investment Committee regarding additional projects of Imperiali Organization, which have been turned over to Imperiali Inc. These projects consist of i1films, i1tv broadcast, i1education, i1telecom services, along with other projects which have not been named at this time and are not sure to be continued to be developed based upon BDC rules.

Imperiali Inc. has the right to deny additional funding for any and all development projects until such time as the investment committee submits it, and gets approval from the Board of Directors based upon the eventual takeover of Imperiali Organization LLC.

Imperiali Organization LLC suggests the following: that based upon the Imperiali Telecom Services project, with existing agreements with the South American entities pertaining to telecom services and infrastructure, be combined with the previous valuation of Bank of America of approximately $5 billion pertaining to the worldwide projects with MOU’s and landing agreements in approximately 30 countries at the time of the valuation and another 40 countries on the way. Bank of America’s valuation clearly states its opinion at that time.

Collectively, Imperiali Telecom Services will combine the new developments of Imperiali Organization, on behalf of Imperiali Inc., pertaining to South American contracts and agreements and discussions with Europe, the Middle East and Asia Pacific. The turnover of Imperiali Organization to Imperiali Inc. suggests that Imperiali Inc. agrees to a spin out of Imperiali Organization’s telecom assets.

A combination of Imperiali Inc.’s/New Millennium Asset’s will be spun out to combine and include all telecom assets worldwide to be placed in Imperiali Telecom Services Inc. The company will be a wholly owned subsidiary of Imperiali Inc. in exchange for a $250mm note and promise to pay from Imperiali Telecom Services, a to be formed (TBF) corporation, without interest and as a complete sale of the telecom assets owned by Imperiali Organization and Imperiali Inc. to its TBF subsidiary.

The valuation of $250mm comes from equating the present work, contracts, and agreements underway developed by Imperiali Organization and the old New Millennium Development Group’s Telecom project, valued at approximately $5 billion in accordance with Bank of America’s valuation documents.

Basically retaining 5% of the original value, $250mm should be justifiable on a conservative basis and approved by the Board of Directors, prior to Imperiali Inc.’s year end audit date of August 31.

In addition, Imperiali Organization’s invitation to participate with $70 billon of projects spanning 40 countries around the world and its now singed collaboration agreement justifies the recommendation made by Imperiali Organization to the Board of Directors of Imperiali Inc. The recommendation includes that Imperiali Organization will sell off the collaboration agreement to a London based company along with the management portion of that contract in exchange for a 3% value of the contract or $250 mm in the form of a note to be paid to Imperiali Inc. with no interest and a carry forward interest of approximately 20% of the equity ownership of the London Based company.

In accordance with the $30mm letter of intent and a subscription agreement for $30mm of Imperiali Inc.’s equity, the entity that made this offer decided against the investment based upon the Patriot Act and the processes needed to go through to bring money from the Middle East to the United States. The entity suggested a London based company in order to proceed forward with discussions.

In addition, the collaboration agreement consists of infrastructure in 40 countries around the world, none of which are in the US. The collaboration agreement is in conjunction with a London based humanitarian organization. In accordance with BDC rules and the business plan of Imperiali Inc., the company was to direct investment into subsidiary companies, small cap companies, and companies doing between $25-50 million in revenues which does not meet the same criteria as €50 billion in infrastructure.

Based upon BDC rules, only 30% of the capital can be invested in foreign companies, and does not suggest the investment in infrastructure. Keeping in line with the rules and regulations of the BDC, Imperiali Organization suggested that this take place prior to the August 31 audit date, based upon the fact that the projects came into Imperiali Organization unrelated to Imperiali Inc’s BDC designation, but related to Imperiali Organization, the development arm for Imperiali Inc., in accordance with its management agreement with Imperiali Inc.

The Imperiali Organization will keep in tact the supply side of the contract which means that Imperiali Organization will continue to assemble a consortium of suppliers for global infrastructure.

Selling off the collaboration including management and co-investment and retaining approximately 20% of the London based company is in line with BDC rules and separates major global infrastructure from the general operations of a BDC, while keeping Imperiali Inc.’s balance sheet in tact, and enhancing shareholder value for its shareholders.

The last recommendation made by Imperiali Organization is to proceed forward with the valuation of i1films by obtaining an independent valuation pertaining to the film “The Red Worm” and the reality TV show “America’s Next President”. The revenue model that has been prepared by Stan Kmet pertaining to “The Red Worm” far exceeds the potential of several hundreds of million dollars in gross revenues in the event that the film is successful. Steve Xirinachs, the consultant to “America’s Next President” Reality TV Show has recommended a comparative analysis with shows like Survivor, Amazing Race, American Idol. Based upon those shows, it has been told to Imperiali that the TV show could generate up to $100mm in revenues in the event of a successful season of the show.

The reason for Imperiali Organization’s recommendation to Imperiali Inc’ Advisory Board and Board of Directors is as follows: The company seeks to close the books on and finalize Imperiali Organization LLC’s position and relation to Imperiali inc. and to meet BDC requirements and finalize audits within the August 31st deadline. In addition the company seeks to further separate, categorize, analyze, an appropriately place the assets developed by Imperiali Organization on behalf of Imperiali Inc. prior to the BDC designation and even prior to Imperiali Inc.’s reinstatement as a viable company. Imperiali Organization makes the recommendation to clean all projects, assets, and valuations, once and for all, with no further questions pertaining to what has been done to date. In accordance with this audit period and the full turnover of Imperiali Organization, the company will separate any and all Imperiali Organization projects that are not longer of interest to Imperiali Inc, and any and all assets not applicable to Imperiali Inc. The company will then finalize the formal takeover date and closing date of Imperiali Organization LLC. Imperiali Organization expects a rapid response from Imperiali Inc’s Investment Advisory Committee and Board of Directors, based upon its recommendation.

Imperiali Organization
777 S. Flagler Dr. #800W
West Palm Beach, FL 33401
info@imperiali.org
561-805-9494

About Imperiali Organization
Imperiali Organization (www.imperiali.org) is global development company, with diversified assets and holdings. The company has business development activities in the areas of infrastructure, telecommunications, internet search, public relations, merchandising, publishing, film, and sports as well as other diversified interests. The Imperiali Organization was founded by Daniel Imperato.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Imperiali Organization and its Founder Daniel Imperato Announces Recommendations to Imperiali Inc. here

News-ID: 26309 • Views:

More Releases from Imperiali Organization

Juanell Teague, Author of "The Zig Ziglar Difference", Names Daniel Imperato "St …
West Palm Beach, FL – March 26, 2007 – Today the Imperiali Organization announced that its founder, Daniel Imperato, has been named \"Street-Smarts for God\" by renowned business trainer, Juanell Teague. Teague is known for representing celebrity speakers such as Dr. Norman Vince Peale, Art Linkletter, Dr. Denis Waitley and Zig Ziglar. She is the author of \"The Zig Ziglar Difference\" and continues to work with top national
Imperiali Organization Founder, Daniel Imperato Visits Michigan and Enters into …
Detroit, MI – January 6, 2006 – Today, Imperiali Founder Daniel Imperato visited with representatives from the Auto Industry for Imperiali’s new auto industry involvement. The company has entered into serious discussions with auto industry leaders in automobile industry’s heartland, Detroit, to allow the US Automotive Industry to establish increased global sales of new and used automobiles. This venture positions Imperiali to revive America’s automotive industry on a global
Imperiali Organization Founder Reports from Brazil
Rio de Janiero – November 29, 2006 – Today Imperiali Organization founder, Daniel Imperato, reported some of the accomplishments from his tour to Brazil. \"Imperiali Organization\'s leading representative in Brazil, Jim Sletteland, has done a great job organizing and structuring the beginnings of Imperiali SA Brazil which will position itself to position itself to register on the Brazilian Stock Exchange in the coming year,\" said Imperato. Sletteland, who
Imperiali Organization Announces Beta Testing for New Online Educational Portal
London - October 30, 2006 – The Imperiali Organization announced today that they are organizing a new online educational portal for students focusing on international trade and business. The program will be done win conjunction with Dr. Gary Busch and his World Trade Educational program. The Beta testing program will allow 20 students from around the world to take this groundbreaking course at no cost. All students from

All 5 Releases


More Releases for BDC

Body Worn Camera (BDC) Market 2020 – 2023 Global Key Players: Panasonic Corpor …
Body Worn Camera Market Scope: The global body-worn camera market 2020 is in the course of boost the way it is monitoring in the time of COVID 19 pandemic all over the world, as examined by Market Research Future (MRFR). On this, a well-defined report has been presented by the analytics of MRFR, which reveals that the global Body-Worn Camera Market is moving ahead with a massive 19.9% CAGR from the
Inclinometers market Outlook 2019 Analysis By Waysen UK, TE Connectivity, Analog …
Market Highlights One of the major trends in the inclinometer market is a progression in MEMS packaging. Growing MEMS packaging industry is resulting in an increased need for reducing the size and integrate up to 9-axis sensors in a single package. Additionally, the increased adoption of smart lifestyle wearable devices and growing demand for sensors in smart factories and industrial automation are some of the factors tend to drive the market.
Inclinometers market Outlook and Opportunity Analysis By Waysen UK, TE Connectiv …
The global inclinometer market is projected to reach USD 3.5 Bn and grow at a sluggish CAGR of 2% over the forecast period 2017-2023. The primary factor which is driving the growth of the inclinometers market is growing adoption of MEMS system in consumer electronics and their increased usage in mobile sensors. Increased use of inclinometers in construction vehicles is also a major driver of the market. Global Inclinometers Market:
Inclinometer Market 2018 Global Key Leaders: - Waysen UK, TE Connectivity, Analo …
Global Inclinometers Market: By Axis (1 – Axis, Multi-Axis), By Output Signal (Digital, Analog, TTL), By Technology (MEMS, Electrolytic, Closed – Loop Gravity, Capacitive), Application (Electronic Equipment, Industrial Automation) - Forecast till 2023 Market synopsis: The Analysis presents the study of Global Inclinometer Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold. An instrument that is used heavily in industrial,
Inclinometer Market 2018 Global Key Leaders: Waysen UK, TE Connectivity, Analog …
The Analysis presents the study of Global Inclinometer Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold. Global Inclinometers Market: By Axis (1 – Axis, Multi-Axis), By Output Signal (Digital, Analog, TTL), By Technology (MEMS, Electrolytic, Closed – Loop Gravity, Capacitive), Application (Electronic Equipment, Industrial Automation) - Forecast till 2023 Key players: The global inclinometers market hold some of the
Voices.com Secures $2 Million in Capital Investment from BDC Capital
Voices.com, the go-to online marketplace for voice-over, is pleased to announce a $2 million working capital investment from BDC Capital. The company will use this capital to acquire additional space, tools, and hire more people to maintain momentum as it is working to solidify its leading market position. "As we continue to expand our team and processes for large-scale growth, investment of this kind is necessary to meet our goals," says