Imperia Entertainment Acquires Muller Film Library

Imperia Entertainment Acquires Muller Film Library

BEVERLY HILLS, Calif., Oct. 19 /PRNewswire-FirstCall/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) announced today that, in conjunction with its sale of an equity interest in Muller Media, Inc., it has acquired Muller's film and television library, by assignment of all copyrights owned by Muller to Imperia, in exchange for a royalty agreement. The titles include the sci-fi cult classic, "A Boy and His Dog," starring Don Johnson, "A Man of Passion," starring Anthony Quinn, and "Under Milkwood," starring Richard Burton, Elizabeth Taylor and Peter O'Toole. Other titles include "The Being," "Final Terror," "Day of the Cobra," "Final Terror," "L.A. Bounty" and "Rush Week." The company will seek to exploit these titles in television, cable and DVD distribution, as well as remake rights. "It is often more attractive to a distributor when a production company has a library of films," said Gregory Webb, Vice President and Head of Production. "Imperia is also seeking to acquire a distribution company with an established sales staff to exploit its films and those of other production companies," he added. The company recently announced that it did not intend to seek new capital through stock sales, that it did not intend to reverse split the stock, and that it has launched a new private placement up to $5 million, which provides investors a return of capital plus interest, and equity participation in its motion picture, "Never Submit."

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. 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 Corey Sevier (North Shore) Ernie Hudson and star MMA fighters Ken Shamrock, Josh Koscheck, Michael McDonald, Mauricio Shogun Rua, and Nate Quarry, the award-winning "Autograph" television series, and "The New Three Stooges" cartoon series, a series of 156 cartoons and 41 live wraparound skits featuring The Three Stooges.

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/
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http://www.sayitinrussianmovie.com/

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Profile: International Entertainment