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
About Imperiali Inc. (http://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.
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.
