Imperial Petroleum Inc., an Indiana-based company focused on energy development, recently announced it has started the application process for listing on OTCQX, OTC Market Group’s highest trading tier. The company retained Rodman & Renshaw to serve as designated provider and to help meet all listing requirements.
“We are pleased to partner ourselves with Rodman & Renshaw as we position the Company on a vibrant trading platform to increase our transparency and visibility in the marketplace,” Jeffrey T. Wilson, president of Imperial stated in the press release. “We believe the OTCQX Program demonstrates Imperial’s commitment to providing superior information to investors while maintaining the highest quality of standards.”
For the third quarter ended April 30, 2011, the company reported net income of $4.46 million, or $0.16 per fully diluted share. Revenues for the quarter were a record $36.5 million.
For the nine months ended April 30, 2011, Imperial reported net income of $5.66 million, or $0.22 per fully diluted share, on revenues of $66.4 million.
As of April 30, 2011, the company reported total assets of approximately $20.0 million and 27.9 million shares issued and outstanding.
For more information on the company, visit www.imperialpetroleuminc.com