BUSINESS GREENSHIFT: (BW) Research Update Issued on Imperial Petroleum, Inc. Regarding ...

(BW) Research Update Issued on Imperial Petroleum, Inc. Regarding ...
Houston Chronicle - United States
... (OTCBB:EBOF), GreenShift Corporation (OTCBB:GSHF), Xethanol Corporation (OTCBB:XTHN) and US Energy Initiatives Corporation (OTCBB:HYFS). ...

DALLAS--(BUSINESS WIRE)--May 22, 2006--A new research update has been issued on Imperial Petroleum, Inc. (OTCBB: IPTM) by Beacon Equity Research Senior Research Analyst, Shailesh Dhuri, CFA. This report provides an update on the recent agreement by Imperial Petroleum with Domestic Energy Partners (http://www.BetterBiodiesel.com) to distribute biodiesel products.

The full report is available at http://www.beaconequityresearch.com

In the report Mr. Dhuri writes, "The industry is a fast-growing and competitive market with many smaller firms currently competing with each other to capture a larger market share. However, in today's market even most of the smaller companies have recently performed well. The competitors in this industry are divided among companies producing conventional energy and non-conventional energy. Some notable non-conventional energy companies in the ethanol or biodiesel industries are Earth Biofuels Inc. (OTCBB:EBOF), GreenShift Corporation (OTCBB:GSHF), Xethanol Corporation (OTCBB:XTHN) and US Energy Initiatives Corporation (OTCBB:HYFS).

"The demand for biodiesel is expected to grow strongly. With this agreement in place, Imperial Petroleum may be able to capture an early-mover advantage in this field. This presents an appealing opportunity which may be a good catalyst for generating shareholder value. This agreement appears to fit into the company's core focus and strategy of growing the scale and scope of its business through profitable acquisitions and partnerships."

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Imperial Petroleum, Inc. (IPTM). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. A principal of Beacon Equity Research is also a principal of Pasadena Capital Partners, an investor relations firm for IPTM which has received 400,000 restricted rule 144 shares directly from IPTM for services. Beacon expects to receive $18,000 from IPTM for a one-year enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

Anyone interested in receiving alerts regarding Imperial Petroleum, Inc. research should email members@beaconequityresearch.com with "IPTM" in the subject line.