Imperia Entertainment and Nexxus One Capital Trust Open Bond Escrow

Imperia Entertainment and Nexxus One Capital Trust Open Bond Escrow

BEVERLY HILLS, Calif., May 17 /PRNewswire-FirstCall/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) announced today that Imperia has opened escrow for its $10 million bond funding with Nexxus One Capital Trust of Switzerland, which is set to close by Friday. Imperia has issued restricted stock to Nexxus at the price of five cents (.05) per share, and has deposited the stock into escrow for closing. The bond financing is represented by an interest bearing Note from Nexxus' subsidiary, secured by a $300 million bond with A rated insurance. The five year Note pays interest every six months at the rate of 6.125%, beginning December 31, 2007. "The Note, when monetized, is sufficient to fund all of Imperia and Muller Media (Pink Sheets: MUMI) film projects for a twelve month period. It will take us up to several weeks to monetize the bond after closing, so we intend to continue with production of the feature film, 'Never Submit' in the interim period," said Kenneth Eade, Chairman.

ABOUT IMPERIA ENTERTAINMENT

Imperia Entertainment, Inc. ( 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 distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" ( www.allthatineed.net ), released in theaters last year, and now being marketed for DVD distribution, Imperia's film properties include its feature film, "Say It In Russian" ( 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 ( www.autograph.tv ), which airs on the OlympuSAT system.

ABOUT MULLER MEDIA

Muller Media ( www.muller-media.com ) is a film production company, dedicated to the production of high quality family feature films, with ratings of PG or G. According to a study made by the Dove Foundation of films made in the years 1989 through 2003, family films are 11 times more profitable than their R-rated counterparts. With "An Ordinary Hero," which is expected to have a PG rating, the company will now be competitive in the 505 of the movie going market, comprised of 12-29 year olds who frequent "PG" rated films. The company just announced the recovery of the masters of a two year long television cartoon series, "The New Three Stooges," with original wrap around scenes by the stooges themselves. The US Copyright Office is conducting research to determine if the company's 1987 copyright assignment is still valid, or if the company is holding masters in the public domain.

ABOUT "SAY IT IN RUSSIAN"

"Say it in Russian," ( www.sayitinrussianmovie.com ) starring Faye Dunaway, Rade Sherbedgia (Snatch), Steven Brand (The Scorpion King) , Agata Gotova, and Steven Berkoff (Beverly Hills Cop), is directed by Jeff Celentano (Gunshy) and edited by award winning editor William Anderson (The Truman Show). The film follows the story of an American man who falls in love with a young Russian girl and follows her to Russia, where he gets involved in a hurricane of events surrounding her father, a rich Russian oligarch. The film will be presented for screening for the first time on May 20th and 25th at the Cannes Film Market by the world renowned public relations firm, Rogers and Cowan.

ABOUT "NEVER SUBMIT"

"Never Submit" ( www.neversubmit.com ) is a movie set in the world of MMA, or mixed martial arts. The performances will be a mix of nationally recognized actors and fighters.

"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 his or her personal best. "Never Submit" is a metaphor describing the way these athletes live their lives.

Imperia Entertainment recently announced a partnership with TapouT Magazine ( http://www.tapoutmagazine.com/ ) as part of a cross-country tour to promote the publication as well as the movie.

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

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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