Imperial Equities Inc. announces bid to purchase shares

    EDMONTON, Aug. 13 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) today
announced that it intends to make a Normal Course Issuer Bid through the
facilities of and in accordance to the by-laws and rules of the Toronto
Venture Exchange.
    Imperial Equities Inc. currently has 9,100,342 outstanding common shares.
The bid will allow Imperial to purchase up to 455,017 common shares,
representing 5% of those outstanding. The bid will commence August 24, 2009
and terminate August 23, 2010, or earlier if the bid is complete. Purchases
pursuant to the bid will be made through Blackmont Capital Inc.
    Imperial's management team believes that the current share price does not
reflect the real value of the Company. "Imperial Equities shares have been
trading thinly and at values less than breakup, despite the fact that real
estate prices are at an all time high. It is cheaper to buy the stock that
holds the property than it is to buy property" said Sine Chadi, President and
CEO of Imperial Equities.
    Imperial Equities Inc. will purchase the common shares for cancellation
which ultimately will result in increasing the proportionate interest of all
remaining shareholders.

    About Imperial Equities Inc.:

    Imperial Equities Inc. is based in Edmonton, Alberta. A diversified
company anchored by commercial and industrial real estate properties in its
targeted Edmonton and Alberta markets. Imperial also distributes
pharmaceutical products to the institutional and retail customers through its
wholly owned subsidiary, Imperial Distributors Canada Inc. Additional
information is available at:
    Imperial's common shares are listed on the TSX Venture Exchange under the
symbol IEI.

    The Toronto Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00010417E

For further information:

For further information: Editorial Contact: Sine Chadi, CEO, Imperial
Equities Inc., Phone: (780) 424-7227, email:

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890