Imperial Equities Inc. appoints Mr. Bill Smith to board of directors

EDMONTON, Nov. 26 /CNW/ - Mr. Sine Chadi, Chairman of the Board of Imperial Equities Inc. (TSX-V:IEI) is pleased to announce that Mr. Bill Smith been appointed a director of Imperial Equities Inc.

Bill Smith, the former Mayor of Edmonton (Canada's fifth largest city) and the capital of Alberta was first elected in 1995 and served the city for 3 consecutive terms. Prior to being elected Mayor, Mr. Smith was an all-star professional athlete with the Canadian Football League's Edmonton Eskimos. He also owned one of Canada's largest independent chain of tire stores with sales of $90 million per year.

"We are very pleased to welcome Bill to our board of directors" said Sine Chadi, President and CEO of Imperial Equities."

"We are extremely pleased to have someone with Mr. Bill Smith's experience on the Board of Imperial," said Sine Chadi. "Bill is an outstanding professional who has a great deal of business and political experience. His exemplary leadership qualities will assist Imperial as we continue to aggressively grow our industrial real estate portfolio". "Our pharmaceutical distribution business has experienced rapid growth during the past 12 months and we certainly welcome his business expertise. He is also very involved in many community endeavors and serves on numerous charitable committees. Bill Smith will be a tremendous addition to the Imperial Board".

Mr. Smith's appointment has been approved by the Board on August 19, 2009 and is subject to regulatory approval.

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: www.imperialequities.com

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.

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SOURCE Imperial Equities Inc.

For further information: For further information: Company Contact: Sine Chadi, CEO, Imperial Equities Inc., Phone: (780) 424-7227, Email: askus@imperialequities.com


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