Imperial acquires Can-K Building

EDMONTON, May 10 /CNW/ - Imperial Equities Inc. (TSX-VEN:IEI) today
announced that it has acquired the Can-K Building located in Southeast
Edmonton's Davies Industrial district. The $1.25 million dollar property
consists of a 14,000 square foot manufacturing facility which includes dock
and grade loading, a 10 ton bridge crane and heavy power.
The new tenant, Can-K Artificial Lift Systems is a private Canadian
company that manufactures patented artificial lift solutions for the oil & gas
industry, including industry recognized pumps and leading edge technologies
that have become the industry standard.
"Imperial secured a long term lease agreement and financed the property
through a new conventional mortgage" said Sine Chadi, President & CEO,
Imperial Equities Inc. "We are very pleased to be able to provide this
facility to a successful Alberta based manufacturer of leading edge
technologies. Can-K products are used all over the world and their research &
development division continue to generate exciting outcomes".

About Imperial Equities Inc.:
Imperial Equities Inc. is based in Edmonton, Alberta. The company is
dedicated to aggressive growth through the acquisition, development and re-
development of commercial and industrial real estate properties in its
targeted Edmonton and Alberta markets. More information about Imperial
Equities is available by calling (780) 424-7227 or e-mailing the company at
askus(at)imperialequities.com.

  The Toronto Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
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