Imperial purchases Western Grocers building

EDMONTON, Oct. 18 /CNW/ - Imperial Equities Inc. (TSX-VEN:IEI) today
announced it has purchased another warehouse property in Edmonton's Hudson's
Bay Reserve area. The 103,000 square foot building is situated on 3.83 acres,
encompassing a whole city block. Features include 15,000 square feet of
freezer and cooler space.
The Western Grocers Building is located in the industrial part of the
Hudson's Bay Reserve and on the fringe of downtown Edmonton. The building
continues to serve five different distribution type tenants with office and
warehousing space. The $3.1 million building was financed through existing
cash flows and a new conventional mortgage.
"Imperial was again fortunate to acquire a great building in the heart of
Edmonton. This type of property will continue to generate income for our
Company but more importantly it has great future redevelopment potential."
said Sine Chadi, President and CEO of Imperial Equities. "Imperial now owns
two contiguous city blocks in the Hudson's Bay Reserve with more than 200,000
square feet of income producing buildings. Imperial Equities continues to
demonstrate its faith in the Edmonton real estate market by announcing the
acquisition of five new buildings in past six months and have invested close
to nine million (9,000,000.00) dollars," added Chadi.

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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