Imperial Petroleum, Inc. (IPMN.OB) Subsidiary Reports Excellent Data, Fuel Sales up 61%

QualityStocks would like to highlight Imperial Petroleum, Inc. (OTCBB: IPMN), an oil and gas exploration and development company headquartered in Evansville, Indiana, with offices in Midland, Texas, and Tulsa, Oklahoma, and with wholly-owned subsidiary e-Biofuels, a biofuel-focused production arm for the company out of Middletown, Indiana.

In the company’s news Friday,

Imperial Petroleum subsidiary e-Biofuels reported excellent sales data for September today, moving over 1.87M gallons of biodiesel that resulted in revenues of some $5.65M.

Compared to an average of monthly revenues from 2009, this data represents a whopping 339% increase, and is a 61% increase over July 2010 figures, clearly demonstrating the massive uptake and success of the venture.

President of IMPN, Jeffrey T. Wilson, commended staff and management at the e-biofuels subsidiary for their dedicated efforts to increase sales volume and revenues while holding down operating costs ever since the Acquisition by IMPN, and called this a very exciting time.

Wilson noted that, since the May 2010 acquisition activity, the plant has outstripped expectations, with the initial plan (to push production to the plant’s capacity of 15M gallons/year) achieved in July, well ahead of schedule, and the plant’s team already coming close to the second goal (of expanding to 25M) just this past month.

Wilson projected that contracted volumes will maintain production and sales at September levels well on into the current fiscal year, and that extension of current bank commitments for the subsidiary’s senior debt are well in hand through Dec. this year, providing ample leg room for a complete re-financing.

Bio-jet fuel production capabilities, implementation of improved efficiency process technology, and the feasibility of scaling up will be determined via completion of a prototype operation within the next 60 days.

Recovery tests are slated for late October, and will validate bio-char decontamination capabilities (metals and other harmful materials) of the pyrolysis of auto shredder residue. If successful, this will lead to the installation of a pyrolysis circuit affording waste to bio-mass energy conversion.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.