Imperial Equities appoints new board member

EDMONTON, Aug. 17 /CNW/ - Imperial Equities Inc. (TSX-VEN:IEI) today
announced the appointment of Mr. Bill Smith to its board of directors,
effective immediately.
Bill Smith, the former Mayor of Edmonton (Canada's fifth largest city)
and the capital of Alberta was first elected in 1995 and served the city for 3
consecutive terms. Prior to being elected Mayor, Mr. Smith was an all-star
professional athlete with the Canadian Football League's Edmonton Eskimos. He
also owned one of Canada's largest independent chain of tire stores with sales
of $90 million per year.
"We are very pleased to welcome Bill to our board of directors" said
Sine Chadi, President and CEO of Imperial Equities. "Bill is an outstanding
professional who has a great deal of business and political experience. His
exemplary leadership qualities will assist Imperial as we continue to
aggressively grow our industrial real estate portfolio."

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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