LOS ANGELES, March 29, 2007 (PRIME NEWSWIRE) -- Imperia Entertainment (Pink Sheets:IPEI) announced projections for "Say it in Russian" and "Never Submit." "Say it in Russian" is a film starring renowned Academy award winning actress Faye Dunaway. Imperia is completing production (sound, music and picture) and is working towards a near future release date of May 1st or sooner. Total sales for "Say it in Russian" are projected as follows:
5,062,000 International Theatrical 3,000,000 Domestic Theatrical 240,000 Pay per View 104,000 Cable and TV 320,000 DVD __________ $8,726,000
"Never Submit" is a movie set in the world of MMA. 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. "Never Submit" is a metaphor describing the way these athletes live their lives.
Total Sales for "Never Submit" are projected as follows:
25,000,000 International Theatrical 15,000,000 Domestic Theatrical 1,200,000 Pay Per View 520,000 Cable and TV 1,600,000 DVD __________ $42,240,000
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. The financial projections have been prepared by management, and its production and sales associates, and are based on assumptions as to future events and conditions, such as timing and success of our future development efforts, the size of the market, our market share, general industry conditions and other matters. Many of these assumptions relate to matters beyond our control and all of these assumptions are subject to wide variation and merely represent management's forecast of future events based upon assumptions which may or may not occur. To the extent that actual experience varies from any one or more of the assumptions, our actual financial results will differ, likely to a material degree, from the Financial Projections. Accordingly, prospective investors should not rely on the accuracy of the Financial Projections in making an investment in our Common Stock. While Imperia makes these projections in good faith, prospective purchasers of the shares offered herein are cautioned that projections such as these, based on Imperia's limited experience, represent goals and objectives, are unreliable and of questionable value in making an investment decision.