(October 14 – 11:50 ET) –
Imperial Equities Inc. has
entered into an asset management
agreement with North American
Realty Corp., an Edmonton-based
commercial real estate company.

In its role as asset manager,
North American Realty Corp. will
take on ongoing responsibilities
with current properties to maximize
the return on all assets.

North American Realty Corp. has
recruited Phil Stephen as a
consultant to manage this
contract. Phil Stephen has more
than 20 years experience in
commercial, industrial and
investment real estate in the
Alberta marketplace. He has
previously participated with
companies, which held real estate
assets in excess of $100 million,
including NA Properties, a
Government of Alberta owned real
estate company. In this position,
he was responsible for the
disposition of over 1,100 pieces
of real estate.

North American Realty has a
non-arm’s length relationship with
Imperial’s president. The deal
hasn’t been approved by the
Alberta Stock Exchange yet.

-IE Staff

For more please see:

http://www.newswire.ca/releases/October1999/14/c3453.html”>
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