Imperial Industries, Inc. Announces Resignation of Director

Fri Jul 10, 2009 3:01pm EDT
 
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POMPANO BEACH, Fla., July 10, 2009 (GLOBE NEWSWIRE) -- Imperial Industries, Inc.
(Nasdaq:IPII) (the "Company") today announced that Nadine Gramling had resigned
as a Director of the Company to devote more time to her personal interests. Ms.
Gramling had been a Director of the Company since her election to the Board in
May 2005.

S. Daniel Ponce, the Company's Chairman of the Board commented: "Nadine, with
her long-time association in the building supply industry, has made a
significant contribution to our Company. The Board expresses its appreciation to
Nadine for her service as a Director and wishes her well in the future."

Imperial Industries, Inc., a building products company, sells products
throughout the Southeastern United States with facilities in the State of
Florida. The Company is engaged in the manufacturing and distribution of stucco,
plaster and roofing products to building materials dealers, contractors and
others through its subsidiary, Premix-Marbletite Manufacturing Co. See our
website at www.imperialindustries.com for more information about the Company.

The Imperial Industries, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3041

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 changes in economic,
business, and competitive 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." The Company assumes no obligation to update
forward-looking information to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information. 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, 2008, filed
with the Securities and Exchange Commission ("SEC"), and in other reports
already filed with the SEC.

-0-
CONTACT:  Imperial Industries, Inc.
          Howard L. Ehler, Jr., Chief Operating Officer
          954-917-4114

 

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