Imperiali Inc. Comes to Agreement in Principle for $30 million PPM

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 6, 2006 -- Los Angeles, CA � October 6, 2006 - Currently, Imperiali Inc. has a letter of intent for $30 million of funding which would be in addition to the $30 million PPM.

The agreement is subject to legal review and approval as well as final terms and conditions which is to be mutually agreed upon within the next coming weeks

About Imperiali Inc. (www.imperiali.org )

Imperiali Inc. (www.imperiali.org) is a global business development company, founded by Daniel Imperato, with diversified assets and interests. Imperiali Inc. focuses on companies that wish to expand to international markets by investing and then assisting in the distribution, sales, marketing, manufacturing aspects of products and services around the world. Currently, through its management company, Imperiali Organization, has taken interest both in Imperiali Organization owned and operated businesses in the areas of internet search, public relations, merchandising, publishing, film, and sports as well as other non-affiliated companies. The Imperiali Organization is currently the official communications provider for Imperato For President 2008 (www.imperato4president.com).

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the Company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the Company's periodic filings with the Securities and Exchange Commission.