Imperia Entertainment Announces Financing and Sponsors for Never Submit

Imperia Entertainment Announces Financing and Sponsors for Never Submit

BEVERLY HILLS, Calif., June 29 /PRNewswire-FirstCall/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) announced today that it has closed its loan secured by rebate guarantees from the state of Missouri on "Never Submit," and has arrangements for product placements in the film from sponsors Title MMA, Haybusa Fight Wear, Thug Fight Wear, Sprawl Fight Short Co., Gold's Gym, and Panda Express. The company has further modified its current private placement to accredited investors to remove the convertible to common stock feature. The company now offers 120 units to accredited investors at $25,000 per unit, each consisting of a 1/2 percent equity interest in "Never Submit," a five year company non-convertible debenture, which pays interest of 5.25% per year and which pays back principal at five year maturity, secured by the company's Secured Note from Nexxus One Capital Trust of Switzerland's subsidiary, Nexxus Cayman SPV, Ltd. "We continue to seek product placement sponsors to help us make this film the best it can be," said Jeff Ritchie, Producer.

ABOUT "NEVER SUBMIT"

"Never Submit," directed by Don Dunn and starring Ernie Hudson, legendary star fighter Ken Shamrock, and star fighters Josh Koscheck, Michael McDonald, Mauricio Shogun Rua, Mike Swick and Nate Quarry, is a movie set in the world of MMA, or mixed martial arts, the fastest growing sport in the world. "Never Submit" is an inspirational tale similar to "Rocky," but the lead character is an intelligent young man (as are most fighters competing in this sport) rather than a beaten-down punch-drunk fighter. An amazing cast of characters will round out this film; each from different walks of life; each with his own set of circumstances and motivating factors driving him to be the best. "Never Submit" is a metaphor describing the way these athletes live their lives.

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc. (http://www.imperiaentertainment.com/) is a company that has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its minority owned subsidiary, Muller Media, Inc. (Pink Sheets: MUMI) the company engages in investing in and producing full-length feature films. Imperia's film properties include its feature film, "Say It In Russian" (http://www.sayitinrussianmovie.com/), starring Faye Dunaway, and "Never Submit," starring star MMA fighters Ken Shamrock, Josh Koscheck, Michael McDonald, Mauricio Shogun Rua, and Nate Quarry, and the award-winning "Autograph" television series, which airs on the OlympuSAT system.

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.

   Imperia Entertainment, Inc.    Kenneth Eade: 310-275-0089 or   imperiaentertainmentinc@yahoo.com  

First Call Analyst:
FCMN Contact:

Source: Imperia Entertainment, Inc.

CONTACT: Kenneth Eade of Imperia Entertainment, Inc., +1-310-275-0089,
imperiaentertainmentinc@yahoo.com

Web site: http://www.imperiaentertainment.com/
http://www.sayitinrussianmovie.com/

---

Profile: International Entertainment