Imperia Entertainment Changes Stock Dividend to Cash Dividend

Imperia Entertainment Changes Stock Dividend to Cash Dividend

BEVERLY HILLS, Calif., Sept. 27 /PRNewswire-FirstCall via COMTEX/ -- Imperia Entertainment, Inc. (Pink Sheets: IPEI) announced today that it has changed the terms of its July 10, 2006 dividend of stock in former subsidiary Muller Media, Inc., to a cash dividend. The pay date of the dividend has been established as November 15. On that date, every shareholder who was a shareholder in Imperia Entertainment, Inc. as of the record date of July 10, 2006, will receive, instead of one share of Muller Media, Inc. for every 1,000 shares held in Imperia prior to the October 2006 reverse split, two cents for every 1,000 pre split shares held on the record date. "With Muller stock currently trading at .0001 per share, this provides approximately 200 times more value to our shareholders, and the payment can be immediate, instead of waiting for a registration of securities" said Kenneth Eade, Chairman. The company decided to change the dividend to a cash dividend because of the recent price drop in Muller stock, and the sale of its position in the subsidiary.

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 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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