Nasdaq Approves Imperial Industries, Inc. for Small Cap Market Listing Under Trading Symbol 'IPII'
April 28 2005 - 4:57PM
PR Newswire (US)
Nasdaq Approves Imperial Industries, Inc. for Small Cap Market
Listing Under Trading Symbol 'IPII' POMPANO BEACH, Fla., April 28
/PRNewswire-FirstCall/ -- Imperial Industries, Inc. (OTC:IMPL)
(BULLETIN BOARD: IMPL) announced today that the Nasdaq Stock Market
approved the Company's application to list its common stock on the
Nasdaq Small Cap Market, effective at the market opening on Monday,
May 2, 2005. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050330/FLW029LOGO ) The
Company's ticker symbol on the Nasdaq Small Cap Market will be
"IPII." Following the close of the markets on April 29, 2005, the
Company's common stock will no longer be traded on the OTC Bulletin
Board market under the "IMPL" ticker symbol. S. Daniel Ponce,
Imperial's Chairman of the Board, stated: "We believe that trading
on the Nasdaq Small Cap Market is an important milestone for the
Company and our shareholders and will ultimately increase awareness
of the Company in the investment community and strengthen our
investor relations by enhancing our exposure among those investors
for which a Nasdaq listing is a preference, or regulatory
requirement. The listing on the Nasdaq Small Cap Market will
provide the Company's stockholders greater access to all current
trading information and price quotations. We are pleased to be
listed on the Small Cap Market and we will continue to focus on
building value for our shareholders." Imperial Industries, Inc., a
building products company, sells products throughout the
Southeastern United States with facilities in the States of
Florida, Georgia, Mississippi and Alabama. The Company is engaged
in the manufacturing and distribution of stucco, plaster and
roofing products to building materials dealers, contractors and
others through its subsidiaries, Premix-Marbletite Manufacturing
Co. and Acrocrete, Inc. The Company through its subsidiary,
Just-Rite Supply, Inc., is engaged in the distribution of the
Company's manufactured products, as well as gypsum, roofing,
insulation and masonry products manufactured by other companies.
See our website at http://www.imperialindustries.com/ for more
information about the Company. The statements in this press release
contain certain forward-looking statements, which are subject to
risks and uncertainties. Such statements, including those
regarding, among other things, the success of the Company's sales
and marketing efforts, improvements in productivity, the Company's
strategy and future prospects, are dependent on a number of
factors, including market conditions and availability of financing,
only some of which are within the Company's control. Actual results
could differ materially from those currently anticipated due to a
number of factors, including those set forth in the Company's
Securities and Exchange Commission filings under "Risk Factors." A
more detailed discussion of risks attendant to the forward-looking
statements included in this press release are set forth in the
"Forward- Looking Statements" section of the Company's Annual
Report on Form 10-K for the year ended December 31, 2004, filed
with the Securities and Exchange Commission ("SEC"), and in other
reports already filed with the SEC.
http://www.newscom.com/cgi-bin/prnh/20050330/FLW029LOGO
http://photoarchive.ap.org/ DATASOURCE: Imperial Industries, Inc.
CONTACT: Howard L. Ehler, Jr., Executive Vice President, Imperial
Industries, Inc., +1-954-917-7665 Web site:
http://www.imperialindustries.com/
Copyright