Scottsdale 7/14/2011 12:45:08 AM
News / Finance

Imperial Petroleum, Inc. (IPMN) Commences Trading on the OTC Market’s Highest Tier

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 yesterday,

OTC Markets Group Inc., the company that operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Imperial Petroleum is now trading on its highest tier, OTCQX.

“Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Imperial Petroleum to OTCQX.”

Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. Rodman & Renshaw, LLC will serve as Imperial Petroleum’s Designated Advisor for Disclosure (“DAD”) on OTCQX, responsible for providing guidance on OTCQX requirements.

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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.